Key Points
- OKX Ventures invested $100 million in over 60 projects in 2024, majorly focusing on AI and Bitcoin-related ventures.
- OKX predicts an increase in licensed crypto firms and a significant role of AI agents in the crypto market.
OKX Ventures’ 2024 annual report disclosed that the company invested a whopping $100 million in more than 60 projects.
The main focus of these investments was on AI and Bitcoin-related initiatives, which took the lion’s share.
Investments in Diverse Sectors
The firm’s investments spanned a variety of sectors, including blockchain technology, multi-chain ecosystems, DeFi, and several other funds, as per the X post.
On-chain infrastructure, AI projects, and ventures built on the Bitcoin (BTC) ecosystem constituted the largest portion of OKX Ventures’ investments in 2024.
The company invested in several projects within the Bitcoin ecosystem, including Arch Network, Babylon, Bedrock, Corn, Merlin, Unisat, and Zeus Network.
In the AI sector, investments were made in OG Labs, 10 planets, Carv, io.net, Myshell, Prodia, and Privasea.
Building Ecosystems and Predictions
OKX also collaborated with various ecosystems such as the Solana (SOL) network, SUI (Sui), Aptos (APT), TON (TON), and Bitcoin.
Partnerships were formed with TON Ventures, Ankaa exchange, and TGH to develop projects for different ecosystems.
The company also shared its predictions for the crypto industry.
It anticipates an increase in blockchain-based companies seeking legitimization through licenses, leading to a significant rise in licensed crypto firms.
OKX’s CEO, Star Xu, highlighted that their exchange was among the first crypto trading platforms to secure a comprehensive operating license in the UAE.
The firm also expects more countries to establish crypto regulations to accommodate the rapidly expanding industry.
OKX foresees AI agents playing a critical role in crypto markets, including issuing tokens, trading, and creating a variety of digital assets.
Interactions between AI agents are predicted to become more prevalent.
AI agents are also expected to contribute to enhancing project security and resolving internal blockchain issues.
Despite the emphasis on AI, OKX will continue to prioritize Bitcoin-based projects.
The company anticipates more innovations from the ecosystem, including a “BTC DeFi Summer” led by Babylon and other Bitcoin Layer2 projects.