OKX Ventures Shapes the Future of Web2 and Web3 Data Analytics with Investment in 0xScope, a Data Intelligence Platform
HONG KONG, Sept. 28, 2023 (GLOBE NEWSWIRE) — OKX Ventures, the investment arm of leading global crypto exchange and leading Web3 company OKX, today announced an investment in 0xScope, a data intelligence platform that offers a knowledge graph protocol for Web2 and Web3 data.
0xScope offers a range of SaaS solutions that address the data-centric demands of Web3 venture capital funds, blockchain protocols, Layer-1 and Layer-2 ecosystems, trading firms and developers. One of 0xScope’s core offerings is Scopescan, a blockchain analytics and investigation platform powered by 0xScope’s knowledge graph. Scopescan enables traders to track and analyze over 84 million on-chain entities, 600,000 tokens, 1.4 million address identity labels, five million address behavior labels and 17 million exchange deposit and withdrawal address labels.
OKX Ventures Founder Dora Yue said: “Data plays a crucial role in the three main technological pillars of Web3: cross-chain integration, decentralized storage and privacy computing. By leveraging knowledge graph technology, 0xScope has made impressive progress in these three areas. Its strategic use of transparent transactional data and Externally Owned Account wallets also helps clients gather actionable insights based on raw on-chain data and enhances on-chain surveillance, data extraction and the development of new Web3 applications. OKX Ventures is proud to support 0xScope as it prepares to launch new features in Q4 and continues to play a role in the expansion of the Web3 ecosystem.”
With the OKX Ventures investment, 0xScope is expected to continue making significant strides in its mission to decentralize and democratize access to Web2 and Web3 data, as well as unlock the potential of Web3. OKX Ventures also supports 0xScope’s goal of creating an inclusive, open-source ecosystem that enables seamless uploading, validation, processing and downloading of Web2 and Web3 data.
OKX Ventures also recently announced a USD1 million investment in Moonbox, an artificial intelligence (AI) technology and Web3-focused start-up based in Hong Kong, and Shutter Network, an open-source project that aims to prevent malicious MEV and front running on Ethereum.
For further information, please contact:
About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume 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.
0xScope aims to democratize and decentralize access to Web2 and Web3 data. They have recognized the fragmented way data is processed and have introduced a unique capability to trace all associated addresses of a given owner. This allows them to track user behavior across multiple addresses and chains, giving a comprehensive view of user activity.
Their strategy is two-fold: firstly, they have developed an open-source data layer for Web2 and Web3 data; secondly, they are creating analytical tools on this layer to inspire community-developed dApps. Their product range includes B2B SaaS tools for businesses and a B2C offering, Scopescan, to aid crypto traders in understanding blockchain activities.
0xScope’s clients range from industry-leading VCs to L1s and L2s, as well as blockchain projects that aim to better understand their users.s.
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.