OKX Ventures Announces Investment in Camp Network,a innovative Modular L2 platform
SINGAPORE, April 3, 2024 — OKX Ventures, the investment arm of OKX, the world’s leading cryptocurrency exchange and Web3 technology company annouces investment in Camp Network, a innovative Modular L2 platform shaping the future for onchain consumers,
This influx of capital positions Camp Network to bolster its network as it gears up for the mainnet launch and to accelerate the growth of the more than 25 teams actively building within its ecosystem.
James Chi, Co-founder of Camp Network, expressed his vision for the platform: “The evolution of blockchain infrastructure in recent years is just the beginning. The true future of blockchain will be defined by its delivery and utilization by global consumers. This investment is a catalyst for Camp Network’s mission to redefine the onchain consumer experience and to expand our ecosystem to cater to any consumer use case.”
Camp Network’s unique “digital backpack” feature capitalizes on offchain engagement data from social and streaming apps, enabling consumer applications to better understand and incentivize user behavior.
Dora Yue, founder of OKX Ventures, said: “Significant progress has been made in the ecological construction of Camp Network in the past three months. Camp Network is doubling down on its commitment to redefine consumer crypto.”
To learn more about Camp Network, click here.
For further information, please contact:
Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
