OKX Ventures Leads US$1.5 Million Seed Funding Round for BlockBooster

OKX Ventures
2 min readMay 8, 2024

Our investment arm, OKX Ventures, has led a US$1.5 million seed funding round for BlockBooster, an Asia-centered venture studio. The funding round also saw participation from Conflux Network, Neighbor Capital Series, IceRiver Venture, and Bitcoin Lab, among others. With a focus on the infrastructure, social and gaming sectors within Web3, BlockBooster’s incubation model offers all-rounded support to high-quality projects, significantly enhancing their success rates and reducing development cycles. By collaborating with top-notch partners, BlockBooster provides extensive, long-term support to select promising project teams on many different aspects, such as product design, go-to-market strategy, business development, talent recruitment, early-stage investment, as well as compliance and risk management.

Partner of OKX Ventures Jeff Ren commented: “BlockBooster is an emerging Web3 venture studio with a presence in Asia, supported by a community of exceptional Web3 entrepreneurs and builders. We are delighted to back BlockBooster’s expansion and look forward to working with their team. Together, we aim to identify and foster high-quality Web3 initiatives to spur industry growth.”

Founder of BlockBooster Samuel Gu, said: “We’re honored by the recognition and support from OKX Ventures, which is known as the investment arm of one of the largest Web3 ecosystems. OKX Ventures has continually shown its commitment to supporting Web3 entrepreneurs and builders. Driven by our shared vision, this collaboration will bring enhanced support for the community, fostering innovations that shape the future of Web3.”

With this strategic investment, we aim to further enhance our access to investment opportunities of early-stage, quality projects and Web3 talent. We also seek to foster collaboration between BlockBooster, its supported projects, and our OKX ecosystem. BlockBooster plays an active role in events organized for Web3 builders. Notable events include “BlockBooster Web3.0 Hackathon @HKU” in April 2023, co-hosted with us and Gitcoin; and “Schelling Point .edu Singapore” in September 2023, in collaboration with our Ventures team, Gitcoin and CollegeDAO.

About OKX Ventures

OKX Ventures is the investment arm of global leading crypto exchange and Web3 technology company OKX. 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.

For further information, please contact:

Media@okx.com

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OKX Ventures

OKX Ventures is an investment institution under OKX.com, focusing on exploring the best blockchain projects across the globe.