OKX Ventures September Recap

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OKX Ventures
OKX Ventures
Oct 23, 2023

OKX Ventures September Report Discloses Investment in Aark Digital, dappOS, and 0xScope, covering Layer2 Derivatives, operating protocol, and knowledge graph protocol

 

OKX Ventures Sep. Recap

 

OKX Ventures September Report Discloses Investment in Aark Digital, dappOS, and 0xScope, covering Layer2 Derivatives, operating protocol, and knowledge graph protocol

 

Over the past month, the crypto industry has experienced rapid growth. OKX Ventures has identified several scenarios where significant progress has been made:

SocialFi has introduced remarkable products. Friend.tech has generated over 10,000 ETH in revenue, with a TVL surpassing 30,000 ETH. Their total fee income in September has exceeded that of Uniswap. This has contributed to the growth of SocialFi projects, including Farcaster and various imitations of Friend.tech. These well-funded infrastructures will support larger-scale SocialFi, GameFi, and all other applications.

With the approval of the Ethereum ETF and a daily trading volume exceeding 20 million, the Bitcoin spot ETF is within reach. Considering the upcoming Bitcoin halving in April, as well as policy dividends and the industry cycle, our confidence in the recovery of the crypto market is strengthened.

Telegram has opened the entrance to “TON Space” and is building TON as a new gateway to Web3. The Ton ecosystem has recently experienced explosive growth, with over 500 applications covering 16 tracks. Despite the controversy surrounding the TON ecosystem, the new features for its 800 million monthly active users are still worth focusing on.

OKX Ventures has maintained a constant focus on the industry and remains optimistic about the infrastructure, ETH ecosystem, DeFi, web3.0, and other sectors. In order to further boost the ecosystem, we have made direct investments in Aark Digital, DappOS, and 0xScope.

 

Aark Digital

Project Overview

  • Aark Digital is a Peer-to-Pool perpetual DEX custom-built for professional traders on Arbitrum. It provides the ultimate solution for the pain points of perp DEXs.
  • Aark Digital is innovative and user-friendly for both traders and liquidity providers, offering features such as:
  • For Traders: Abundant Liquidity, 50+ Trading Pairs, Any Assets as Collateral, and Cross-Margin Trading
  • For Liquidity Providers: Leveraged LP, Delta Neutral LP, and Insurance Fund

Project Highlights

  • The Layer 2 derivatives market has significant room for growth. In the future, more and more derivatives transactions will be conducted on Layer2s. Trading markets like GMX have already verified the feasibility of on-chain derivatives.
  • Aark Digital provides an optimized trading experience and innovative mechanisms that consider the trading experience and income optimization for traders and LPs.
  • The trading experience is enhanced through the PMM model, which provides abundant liquidity similar to centralized exchanges (CEX) for trading. The transaction security mechanism is well-designed, and the oracle machine design meets expectations. The index price and premium pricing models create arbitrage opportunities for arbitrageurs to balance the price feeds of the protocol and CEX.
  • Overall, Aark Digital has made rapid development progress and continuously innovates the existing derivatives model, providing traders with a user-friendly trading experience and improving the efficiency of the LP pool.

dappOS

Project Overview

  • dappOS is the first intent-centric operating protocol that aims to make dApps as user-friendly as mobile apps.
  • To onboard the next billion users onto Web3, user experience is crucial. However, current dApps are still too complex for mainstream users. Two main problems contribute to these barriers.
  • Essentially, the dappOS network functions as an order system rather than a bridge. In terms of functionality, the real bridge service is part of order execution and is provided by server nodes. Super nodes do not interfere with how server nodes complete the tasks, which could be based on centralized exchanges (CEX), bridges, or any other solutions.

Project Highlights

  • dappOS aims to address complex workflows and web3 wallets by building a middle layer between users and crypto infrastructures. Users only need to interact with dappOS, and dappOS will assist users in interacting with crypto infrastructures and executing workflows automatically.
  • For client users, please check out dApps that integrate our dApp SDK. Additionally, we will provide a mobile app (mini-program platform).
  • For developers, you can use our dApp SDK to make your dApp chain-agnostic. You can also develop a mini-program version on our mini-program platform to deliver a user experience similar to web2.
  • dappOS is one of the earliest products dedicated to intent-centricity. It provides users and developers with a user-friendly experience, eliminating the need to understand complex on-chain product logic. It serves as the infrastructure for introducing the next billion users in the next era.

 

0xScope

Project Overview

  • 0xScope is a data tool that aims to democratize and decentralize access to Web2 and Web3 data. Additionally, 0xScope provides a comprehensive data pack that combines insightful on-chain data and non-standardized off-chain data.
  • 0xScope offers a set of B2B SaaS solutions and a B2C product called Scopescan. The 0xScope SaaS products empower businesses to manage post-investment, make better investment decisions, understand user behavior, and closely monitor competitive moves. Scopescan allows crypto traders to investigate fund movements and activities on selected blockchains.

Project Highlights

  • One impressive feature of 0xScope is the ability to trace and gain insights into an address owner’s relationship with other addresses. 0xScope is revolutionizing the way people process, use, and interpret data with a two-pronged approach.
  • On one hand, 0xScope is building an open-source data layer where people can upload, verify, process, and download Web2 and Web3 data.
  • On the other hand, 0xScope is building analytical tools on this layer to showcase developers what’s possible and pave the way for community-developed powerful dApps.
  • Overall, 0xScope acts as the semantic layer for building web3 user portraits and serves as an important bridge connecting Web2 and Web3 data.


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