Announced
Completed
Financials
Tags
Private Equity
social networking platform
Singapore
Friendly
web3 solutions
Digital Services
Acquisition
Cross Border
Minority
Private
Completed
Single Bidder
Synopsis
OKX Ventures, an investment company, completed the investment in DeBox, a decentralized social networking platform for Web3 communities and Decentralized Autonomous Organizations. Financial terms were not disclosed. "We are motivated to invest in DeBox because of its potential to transform social use cases within the Web3 space, making it easier to onboard the next billion users. DeBox leads its community with a DAO format, enabling seamless wallet access and engagement through unique NFT avatars based on animal characters and DID names. DeBox enhances its user experience with interactive DApps, fostering the sharing of ideas, content management, and providing trading or staking options," Dora Yue, OKX Ventures Founder.
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