OKX Blockdream Ventures is dedicated to fostering the prosperity of the global crypto ecosystem. We have invested in numerous projects across core sectors such as NFT, GameFi, DeFi, Layer2, and Web3.0, actively contributing to their ecosystem development. We also collaborate with leading public chains including Solana, NEAR, Polygon, and Avalanche, establishing ecological funds to support projects built on these platforms.
In Q1 2022, we maintained our focus on GameFi, DeFi, and NFT sectors, making strategic investments in projects like Zebec (Solana+DeFi), LiveArtX (NFT), Angelic (Solana+GameFi), and Ref Finance (NEAR+DeFi).
Below is a detailed overview of our key portfolio projects and their progress:
Zebec: Revolutionizing Payment Systems on Solana
Zebec is a continuous settlement and capital flow protocol built on Solana, transforming traditional payroll and financial systems. It enables employees to receive payments by the second, maximizing long-term returns.
Key Features
- Programmability: Smart contracts allow customizable payment controls, similar to deposit workflows.
- Low Fees: A multi-asset value streaming network minimizes gas consumption.
- Composability: Capital flows can be layered atop one another, enhancing efficiency and reducing user signatures.
Investment Rationale
Zebec’s team possesses exceptional development skills and a successful entrepreneurial track record. Their innovative approach to stream payments empowers users with flexible asset management, while programmable features enable automatic investments and trades. This composability unlocks numerous future applications.
Zebec has secured substantial funding, and we are proud to participate alongside Coinbase Ventures, Solana Ventures, and Alameda Research in advancing stream payment technology.
LiveArtX: Bridging the Art World with Web3.0
LiveArtX is a premium NFT platform connecting artists, collectors, and future art communities. Artists can mint their work in the LiveArtX Creator Hub with robust rights management and resale royalties, while collectors access curated, high-quality artworks.
Key Features
- Authenticity: Every NFT is verified for originality and ownership.
- High Curation Standards: Expert resources assist sellers in curation and help buyers discover premium NFTs.
- User Experience: Supports Ethereum and credit card payments, with plans for additional chain integrations.
Investment Rationale
LiveArtX is led by art industry veterans with decades of experience. Their commitment to authenticity, including certificates of authenticity with creator details and legal rights, builds a trusted market. We support their differentiated, high-quality approach and will continue providing resources for their growth.
Angelic: A Multiplayer RPG on Solana
Angelic is a multiplayer RPG on Solana blending narrative storytelling with turn-based strategy in a collaborative sci-fi universe. The team aims to deliver a AAA-quality game with immersive solo and multiplayer experiences, leveraging NFTs for true asset ownership and in-game DAOs for player governance.
Key Features
- Experienced Team: Developers from top studios like Riot Games and Crytek with a history of successful titles.
- Engaging Content: Compelling storylines and game mechanics.
- Strong Roadmap: Consistent progress on development milestones.
Investment Rationale
Angelic’s team excels in game design and execution, delivering captivating mechanics and visuals. We anticipate their continued success and are monitoring their developments closely.
Gamepad: Next-Gen Accelerator for GameFi and Metaverse
Gamepad.co is a decentralized accelerator focused on GameFi, Play-to-Earn, and Metaverse projects.
Key Features
- Vision: To become the top launchpad for high-quality Metaverse and GameFi projects, ensuring long-term success—akin to a decentralized Y Combinator.
Investment Rationale
Gamepad’s team brings extensive incubation and investment experience in blockchain. Their focus on nurturing quality projects aligns with our goal of supporting sustainable innovation.
Mirror World: AI-Driven Virtual Character Game
Mirror World is a blockchain-based game featuring AI-driven virtual characters and a universe of interconnected content. Each "Mirror" is a standalone game or narrative, with AI Souls enabling collaborative storytelling.
Key Features
- Rapid Progress: Sold-out initial NFT drop, completed testing, and partnerships with 20+ guilds.
- Interoperability: Aims to connect multiple games within its IP.
Investment Rationale
Mirror World demonstrates strong technical execution and innovation, exceeding development expectations. We joined Galaxy Interactive and Republic Crypto in supporting their vision for cross-game interoperability.
Ref Finance: Gateway to the NEAR Ecosystem
Ref Finance serves as a gateway to the NEAR ecosystem, supporting assets from NEAR, Aurora (EVM), Ethereum, Solana, Terra, and Celo via bridges. It raised $4.8 million, including a $2 million grant from the Celo Foundation.
Key Features
- Native Build: Built on NEAR with excellent interoperability.
- Efficiency: Rust-based AMM and stableswap implementations enable fast, cheap, and scalable transactions.
- Flexibility: Custom pools and optimized trading strategies.
- Cross-Chain Innovation: First AMM with cross-chain liquidity aggregation (Aurora<>NEAR).
Investment Rationale
Ref Finance is a core DeFi project on NEAR, integrating cutting-edge concepts and adapting them for the ecosystem. We are bullish on NEAR’s growth and will continue monitoring its DeFi landscape.
Future Focus: Insights and Trends
GameFi and Metaverse Growth
The GameFi sector continues driving asset and user growth in blockchain. As of March 31, 2022, the market cap reached $209.08 billion, with approximately 1.11 million daily players (per DappRadar). Axie Infinity’s success—reaching 2.097 million users and a peak market cap of $10.49 billion—exemplifies this trend. StepN is similarly attracting new users through move-to-earn models.
Traditional gaming companies like Ubisoft, Voodoo, Zynga, and NCSoft are entering GameFi, enhancing content quality and supporting user acquisition. Industry experts like YGG’s Gabby Dizon predict over 10 million daily wallet interactions by late 2022.
We remain committed to supporting high-quality GameFi projects and portfolios like MonkeyLeague and Sidus. As metaverses evolve beyond closed Web2 models, we expect advances in open metaverses, data portability, and interoperability.
Cross-Chain and EVM Compatibility
Cross-chain solutions remain a hot topic despite security challenges, such as the March 2022 Ronin Network breach. Innovations like Acala and Karura’s integration with Wormhole highlight ongoing progress in cross-chain capabilities. We are monitoring universal cross-chain solutions, security, and ecological projects.
EVM-compatible chains like Moonbeam, Aurora, Neon, and Evmos are rapidly growing, offering low-cost experimentation without Ethereum’s high fees. Evmos’ planned April restart underscores this momentum. We support these innovations and will contribute to ecosystem development regardless of eventual winners.
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Frequently Asked Questions
What is OKX Blockdream Ventures?
OKX Blockdream Ventures is an investment arm focused on supporting blockchain and crypto projects across NFTs, GameFi, DeFi, and Web3.0. We provide funding and ecosystem support to drive innovation.
Which sectors does OKX Blockdream Ventures prioritize?
We prioritize GameFi, metaverse, cross-chain solutions, and EVM-compatible ecosystems. These areas show significant growth potential and user adoption.
How does OKX Blockdream Ventures choose projects to invest in?
We evaluate teams based on experience, technological innovation, and execution capability. Projects with strong fundamentals, clear roadmaps, and unique value propositions are preferred.
What is the future of GameFi?
GameFi is expected to expand with more traditional gaming companies entering the space. Interoperability and open metaverses will enhance user experience and asset portability.
Why are cross-chain solutions important?
Cross-chain protocols enable asset and data transfer between blockchains, improving liquidity and usability. Security remains a critical focus for future developments.
How can developers apply for funding?
Developers can reach out through official channels with detailed project proposals. We look for innovative ideas with potential to impact the blockchain ecosystem.