This page is for information purposes only. Certain services and features may not be available in your jurisdiction.

Article

Our Investment in DeBox, a Web3 Social Networking Platform with Over a Million Active Users

Published on Mar 08, 2024

Updated on Apr 25, 2024

Today, we're excited to announce our strategic investment, through our investment arm, OKX Ventures, in DeBox, a decentralized social networking platform for Web3 communities and Decentralized Autonomous Organizations (DAOs).

Over the past two years, DeBox has committed itself to serving the Web3 community, generating over 10 million posts and attracting more than 690,000 mobile users. The platform offers an array of features such as DAO formation and governance, networking and social trading opportunities, the setup of decentralized identifier (DID)-based profiles and NFT avatars, and the ability to earn tokens for publishing content, among others.

DeBox also provides a token swap solution, DeSwap, which enables users to swap tokens across seven supported blockchain networks, including Ethereum, BNB Chain, Polygon, Optimism, Arbitrum, zkSync Era and Avalanche.

Our founder at OKX Ventures, Dora Yue said: "We are driven to invest in DeBox because of its potential to revolutionize social use cases within the Web3 space, facilitating the onboarding of 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 user experience with interactive DApps, promoting the sharing of ideas, content management, and providing trading or staking options.”

Our investment in DeBox is a step towards cultivating a more inclusive and interactive Web3 space, aligning with our shared vision with DeBox for a decentralized future.

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.
© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.

Expand