Stephen Chow-Backed Moonbox Receives USD 1 Million Investment from OKX Ventures
TL;DR:
- OKX Ventures invests USD 1 million in Moonbox, an AI technology and Web3-focused start-up based in Hong Kong
- Moonbox plans to launch AI-powered NFTs and applications inspired by Stephen Chow’s films by the end of 2023
- The investment will accelerate Moonbox’s product growth and development of generative AI technology for Web3 and NFT applications
- OKX Ventures recognizes the potential of AI and Web3 integration, supporting Moonbox’s mission to create immersive NFT experiences
- The partnership aims to revolutionize the creator economy, empowering users with transparent and cost-effective communication in the Web3 ecosystem
OKX Ventures, the forward-thinking investment arm of OKX, a renowned global crypto exchange and Web3 pioneer, announces a momentous USD 1 million investment in Moonbox.
This cutting-edge AI technology start-up holds a strong vision for powering the Web3 ecosystem with generative AI technology, bringing forth immersive experiences and NFT applications inspired by the art and film industry.
Empowering the Web3 Ecosystem
Moonbox is an AI technology and Web3-focused start-up based in Hong Kong, dedicated to creating applications powered by generative AI technology for use in Web3 and NFT environments.
The company’s innovative approach to incorporating AI with blockchain technology opens new frontiers in the creator economy, enabling an open, transparent, and cost-effective community for users.
The exciting fusion of AI and Web3 holds immense promise, and Moonbox aims to lead the charge in creating fully immersive experiences through AI-powered NFTs.
By leveraging the intellectual property (IP) of Stephen Chow’s films, such as “Journey to the West: Conquering the Demons,” “Journey to the West: The Demons Strike Back,” and “The Mermaid,” Moonbox plans to launch a series of AI-powered NFTs and applications by the end of 2023.
OKX Ventures: Pioneering Technology Investments
OKX Ventures is renowned for its relentless pursuit of high-quality projects globally, supporting the development of cutting-edge technology innovations.
With over 300 successful investments in blockchain infrastructure, Web3, NFTs, and other domains, OKX Ventures has been a driving force in promoting the sustainable growth of the global blockchain industry.
Excited to announce that @OKX_Ventures just invested in Moonbox, a cutting-edge AI and Web3 company with IPs from #StephenChow.
— Jeff Ren (@JeffRenOKX) August 4, 2023
Moonbox will launch a series of AI-powered NFTs and applications soon which is set to revolutionize the creator economy.https://t.co/I8yHUCkJSX
Jeff Ren, a Partner at OKX Ventures, expressed enthusiasm about the partnership with Moonbox: “Web3 and blockchain technology are revolutionizing the creator economy, and the emergence of Moonbox is an exciting step forward in this growth phase.
“With blockchain technology, users can build an open, free, and transparent community that allows effective communication and open expression at a lower cost.
“Combining this with AI technology brings promising possibilities for the Web3 ecosystem, and OKX Ventures is proud to play a role in that journey through supporting the work of Moonbox.”
Creating Valuable and Engaging NFT Experiences
Moonbox’s Senior Advisor, Ignious Yong, expressed his excitement about the investment: “We’re thrilled to have OKX Ventures as a leading investor in our first funding round, as well as the support of renowned actor and cultural icon, Mr. Stephen Chow.
“Our mission at Moonbox is to power the Web3 ecosystem, and NFTs in particular, by providing fully immersive experiences with the use of generative AI technology.
“We are confident that the integration of AI and Web3 will make NFTs more fun and valuable, creating a larger variety of use cases in the film and entertainment industries, and attracting users from all walks of life.”
Embracing the Future of Web3 and AI
The collaboration between Moonbox and OKX Ventures represents a pivotal moment in the ongoing evolution of the Web3 ecosystem.
By harnessing the potential of generative AI technology and blockchain, Moonbox aims to reshape NFT applications, driving greater user engagement and expanding the possibilities in the film and entertainment sectors.
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