SINGAPORE, May 17, 2024
/PRNewswire/ -- OKX Ventures, the investment arm of leading
Web3 technology company OKX, has issued updates for November
May 17, 2024.
OKX Ventures Announces Investment in Pencils Protocol,
Pioneering a New Chapter in the Scroll Ecosystem
OKX Ventures today announced its investment in Pencils
Protocol, the next-gen decentralized platform that
offers auction services for blockchain-native assets and real-world
assets (RWAs), along with unified and leveraged yield aggregation
services for users to maximize asset utilization.
As one of the largest native DeFi projects within
the Scroll ecosystem, Pencils Protocol serves as an all-in-one
yield aggregator and auction platform. Its functionalities include
launchpad, asset aggregation and distribution, and leverage
yields.
Through close collaboration with Scroll, Pencils Protocol has
redefined Layer 2 solutions using zero-knowledge technology,
focusing on scalable private dApp development and fair
distribution principles. This initiative not only brings users a
more efficient and secure trading environment but also injects new
vitality and momentum into the ongoing development of the Scroll
ecosystem.
The founding team of Pencils Protocol is confident in this
collaboration and pledges to continue delivering superior products
and services to users. They see this investment as an opportunity
to accelerate technological research and development and product
promotion, thus contributing to the growth and enhancement of the
Scroll ecosystem.
To learn more about Pencils Protocol, click here.
For further information, please contact:
Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of leading
crypto exchange and Web3 technology company OKX, with
an initial capital commitment of USD 100
million. It focuses on exploring the best blockchain
projects on a global scale, supporting cutting-edge blockchain
technology innovation, promoting the healthy development of the
global blockchain industry, and investing in long-term structural
value.
Through its commitment to supporting entrepreneurs who
contribute to the development of the blockchain industry, OKX
Ventures helps build innovative companies and brings global
resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
Disclaimer
View original content to download
multimedia:https://www.prnewswire.com/news-releases/flash-news-okx-ventures-announces-investment-in-pencils-protocol-pioneering-a-new-chapter-in-the-scroll-ecosystem-302148716.html
SOURCE OKX Ventures