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OKX Ventures anticipates rapid development in the basic infrastructure and application level of this convergence, leading to its recent investments in:
The report highlights the unprecedented growth of the AI space, underscored by a 581%* year-on-year (YoY) increase in AI computing company Nvidia's net profit in 2023, as a testament to the industry's potential. In addition, the report provides a detailed overview of the potential of crypto and AI, outlining the vast application scenarios of crypto for AI. This includes the assetization of crucial components such as:
OKX Ventures Founder Dora Yue said: "This report underscores our strong belief in the transformative power of the convergence between AI and crypto. As we continue to witness unprecedented technological advancements in both fields, we believe that their convergence will catalyze a new wave of innovation and efficiency. Our strategic investments are a testament to our commitment to support and empower projects that are at the forefront of this exciting frontier." *Source: Valor International (February 22, 2024) For further information, please contact: About OKX Ventures OKX Ventures is the investment arm of global leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD100 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.
SOURCE OKX Ventures 
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