WAX Studios raises $10M from OKX Blockdream Ventures
- June 4, 2022
- 0
WAX Studios, behind the Worldwide Asset eXchange (WAX) blockchain, has raised over $10 million from the investment arm of bitcoin exchange OKX. 📢 Welcome to the WAX family,
WAX Studios, behind the Worldwide Asset eXchange (WAX) blockchain, has raised over $10 million from the investment arm of bitcoin exchange OKX.
📢 Welcome to the WAX family, @OKX_Ventures!
We are excited to announce that OKX Blockdream Ventures has raised $10M+ funding to WAX Studios to join us on our takeover journey. #GameFi & #NFTs Space! #PlayToEarn
🔗https://t.co/9XoOblIYJl.
— WAX Blockchain (@WAX_io) June 2, 2022
The funds raised will be used to improve the functionality of the NFT. P2E-WAX powered games, improvement of game tokens and updating of WAX Cloud Wallet.
According to VentureBeat, the number of daily transactions in the project network has exceeded 23 million.
Founded in 2017, WAX Studios has a team of over 100 employees.
OKX Blockdream Ventures is a $100 million fund focused on scaling blockchain projects.
In February, Newzoo analysts concluded that P2E models in games will become more common in 2022 due to developers’ desire to diversify their revenue streams.
Recall that in May, venture capital firm Andreessen Horowitz announced the launch of a $600 million fund focused on “game infrastructure and metaverse technologies.”
In June, Japanese game developer Akatsuki Inc. Announced the creation of a 20 million dollar Emoote fund. The structure will focus on investments in Web3 projects.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
