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OKX Ventures Invests in AlienSwap to Boost Growth and Development of NFT Marketplace

OKX Learn

Published on May 04, 2023

Updated on Apr 25, 2024

2 min read

New York, New York, May 4, 2023 — OKX Ventures, the investment arm of the second-largest crypto platform by trading volume and Web3 technology company OKX, today announced that it has invested in community-based NFT marketplace and aggregator AlienSwap.

Since the AlienSwap beta version was released two months ago, its cumulative trading volume has exceeded USD$50 million. Currently, AlienSwap ranks third in daily active users and fifth in daily trading volume on the Ethereum network. With this round of funding, AlienSwap will officially begin its scaled growth and aim to become the top NFT marketplace.

OKX Ventures Founder Dora Yue said: “With the total trading volume of NFTs reaching approximately USD$24.7 billion in 2022, OKX Ventures is optimistic about the long-term development of the NFT sector and we’ve already laid out plans for multiple NFT projects. OKX Ventures hopes that this investment can help AlienSwap become a more efficient NFT marketplace and reshape the competitive landscape of the industry.”

AlienSwap Founder Ying Mu said: “The new investments will be used to expand the AlienSwap engineering team, develop innovative liquidity tools and trading products for NFTs, and increase investment in NFT infrastructure to enhance the community's trading experience. The core team of AlienSwap and all investors share a consistent goal: to build a leading NFT trading platform in the industry and inject new vitality into the NFT ecosystem through product innovation and community building.”

Disclaimer

This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. 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. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
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