On May 6, 2024, Hong Kong - OKX Ventures, the investment arm of leading cryptocurrency exchange and Web3 technology company OKX, announced a strategic investment in four consumer-oriented products of Web3 venture group EVG. These products include the underlying infrastructure of SocialFi, Open Social Protocol, the decentralized collaborative social network Zeek, the strategic card game Legend of Arcadia, and the real-time strategy game Last Odyssey.

Jeff Ren, partner at OKX Ventures, stated, "EVG is a leading early builder in Asia, driving meaningful innovation in the fastest-growing verticals such as SocialFi and GameFi. We are excited to support their efforts through strategic investment and network, and look forward to advocating our shared vision to drive mass adoption in the Web3 space."

OKX Ventures sees tremendous potential in these consumer-oriented initiatives, especially their ability to integrate practical application scenarios and gamification mechanisms into social and gaming experiences. This investment decision will accelerate the advancement of these disruptive technologies for scalable mainstream adoption in an engaging and interactive manner.

Allen Ng, co-founder and CEO of EVG, said, "With underlying technologies becoming more complete than ever, this round of consumer-scale applications is ready. Asia is at the forefront of SocialFi and GameFi, and these two most important application scenarios are expected to bring the next billion users into Web3. We are honored to have the support of OKX Ventures in these innovative experiments."

OKX Ventures is known for its forward-thinking methodology and ability to identify innovative projects with transformative potential. Through investing in EVG's projects, OKX Ventures aims to harness EVG's innovative power and leverage its expertise in the Asian region to promote product-market fit in the social and gaming modules.

About OKX Ventures

OKX Ventures is the investment arm of OKX, a leading global virtual asset exchange and innovative Web3 technology company. OKX Ventures focuses on exploring the world's best blockchain projects, supporting advanced blockchain technology innovation, driving the healthy development of the global blockchain industry, and investing in long-term structural value.

OKX Ventures is also committed to helping entrepreneurs promote the development of the blockchain industry, establishing innovative companies, and providing global resources and experience for blockchain projects.

For more information about OKX Ventures, please visit.

About EVG

Everest Ventures Group (EVG) is a global entrepreneurial group focused on Web3 construction, dedicated to driving the mass adoption of Web3. Headquartered in Hong Kong, with a global team of 300 people, EVG has successfully created and launched a series of future products of digital interaction in different application scenarios. EVG has invested in and participated in the development of over 100 projects globally, including Animoca Brands, Berachain, Immutable, Dapper Labs (Flow), The Sandbox, Yuga Labs, Kraken, Lukka, Celestia, Wormhole, and Dunamu. By integrating Web3 technology and community momentum into carefully crafted products, EVG is building today for tomorrow, ready to embrace an open and flawless digital future at any time.

For more information, please visit www.evg.co.

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