OKX Ventures announced investment in Moonbox, which has obtained the authorization of Stephen Chow's film and television IP.

On August 4th, OKX Ventures announced a $1 million investment in Moonbox, an AI-driven technology startup company.

Moonbox is an AI-driven technology startup based in Hong Kong. Since 2023, the team has been exploring the disruptive significance of generative AI technology for the Web3 and NFT application layer. In July 2023, the company officially obtained the right to use Mr. Stephen Chow's film IP in the NFT field, including "Journey to the West: Conquering the Demons", "Journey to the West: The Demons Strike Back", and "The Mermaid". In addition, the team plans to release "AI Powered NFT" and AI applications for NFT holders' interaction by the end of this year.

OKX Ventures partner Jeff Ren said: "Web3 is reshaping the creator economy. Web3 uses blockchain technology to build an open, free, and transparent community where people can effectively communicate, share happiness and value, and reduce trust and communication costs. For example, NFT generates art, creates it using smart contracts, and stores it in the form of NFT on the blockchain, integrating code and art together. This allows creators to share happiness and gain creative income through NFT, while increasing the sense of community belonging for NFT holders. The emergence of Moonbox has enabled a good integration of Web3 and AI, which will greatly empower the development of the creator economy."

Moonbox senior consultant Ignious Yong said: "We are excited to empower the Web3 ecosystem with AI, especially to provide a more interactive experience and give 'soul' to characters in a series of NFTs. Our original intention is to promote the integration and large-scale landing of AI generation technology and the Web3 ecosystem, which will make NFTs more interesting and valuable, and provide better use cases for the entertainment industry. We believe that in the future, Moonbox will attract users from all walks of life, and we are very grateful for the support of Mr. Stephen Chow and OKX Ventures."

OKX Ventures, as an investment institution under the global leading digital asset trading platform OKX, focuses on exploring high-quality projects worldwide and supporting cutting-edge blockchain technology innovation. It has successfully invested in over 300 projects in various fields such as infrastructure, Web3, and NFT, promoting the sustainable development of the global blockchain industry. This investment in Moonbox is also a positive attempt by OKX to promote the integration of AI and Web3.

In the future, with the continuous development of the Web3 ecosystem, the combination of Web3 and AI technology will bring more use cases for the film and entertainment industry. The development of Moonbox will greatly promote the large-scale adoption of Web3 in these fields.

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