Disclaimer: NOT FINANCIAL ADVICE
OKX Blockdream Ventures, the investment arm of the worldwide top trading platform OKX, announced partnership with the Nym Innovation Fund. OKX Blockdream Ventures will allocate a certain amount from its $100 million fund to provide services and resources for high-quality projects in the Nym ecosystem.
Nym Technologies is a Swiss privacy startup that shields online activity from surveillance using a mixnet. The Nym Innovation Fund secured $300 million in commitments from a range of venture capital investors,including Andreessen Horowitz (a16z) and Polychain.
OKX Blockdream Ventures will provide in-depth supports for Nym ecosystem projects from the following aspects:
First, help startups to identify or improve products and services, or help entrepreneurs to establish meaningful strategic partnerships and connect with potential customers, investors, acquirers or consultants.
Second, provide entrepreneurs with essential resources around the world. From mainland China to Silicon Valley, from Southeast Asia to Latin America, OKX Blockdream Ventures has a global network of medias, influencers and communities.
Third, provide vigorous supports for invested projects, such as promoting to trading platforms. Excellent projects will be recommended to OKX, and get the opportunity to access numerous OKX products and services, publicity resources, user traffic, brand endorsement, etc.
OKX Blockdream Ventures is an investment institution under the worldwide top trading platform OKX, which focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation and promoting the healthy development of the global blockchain industry. The initial capital of OKX Blockdream Ventures is USD 100 million. It is committed to helping the ideal entrepreneurs who contribute to the development of the blockchain industry to build great companies and bringing global resources and historical experience to blockchain projects.
“We are delighted to partner with Nym Innovation Fund and look forward to working together to empower high-quality projects and accompany their developments,” said Dora Yue, Founder of OKX Blockdream Ventures, “OKX Blockdream Ventures looks forward to providing continuous supports to companies built on Nym.We will work together to expand the market size and user volume of the blockchain industry and continue to create value for it.”
“Nym is a ‘decentralized mixing network’ which uses blockchain technology to mix the so-called packets — containing potentially sensitive metadata — generated by all internet transactions, including cryptocurrency trades. We are excited to have OKX Blockdream Ventures as our new strategic partner. We want to incentivize open source and decentralized developers who we don’t know to start building on this network. ” said Harry Halpin, CEO of Nym.
Nym’s platform has a potentially wide range of use cases — not all of them in crypto. It could, for example, be used by messaging app Signal to scramble packets connected to communication. The company raised $13 million in a round led by a16z in November last year, bringing its valuation to $270 million.
Disclaimer: NOT FINANCIAL ADVICE