Article

OKX Ventures Invests in AlienSwap to Boost Growth and Development of NFT Marketplace

Published on May 04, 2023

Updated on Apr 25, 2024

New York, New York, May 4, 2023 — OKX Ventures, the investment arm of the second-largest crypto platform by trading volume and Web3 technology company OKX, today announced that it has invested in community-based NFT marketplace and aggregator AlienSwap.

Since the AlienSwap beta version was released two months ago, its cumulative trading volume has exceeded USD$50 million. Currently, AlienSwap ranks third in daily active users and fifth in daily trading volume on the Ethereum network. With this round of funding, AlienSwap will officially begin its scaled growth and aim to become the top NFT marketplace.

OKX Ventures Founder Dora Yue said: “With the total trading volume of NFTs reaching approximately USD$24.7 billion in 2022, OKX Ventures is optimistic about the long-term development of the NFT sector and we’ve already laid out plans for multiple NFT projects. OKX Ventures hopes that this investment can help AlienSwap become a more efficient NFT marketplace and reshape the competitive landscape of the industry.”

AlienSwap Founder Ying Mu said: “The new investments will be used to expand the AlienSwap engineering team, develop innovative liquidity tools and trading products for NFTs, and increase investment in NFT infrastructure to enhance the community's trading experience. The core team of AlienSwap and all investors share a consistent goal: to build a leading NFT trading platform in the industry and inject new vitality into the NFT ecosystem through product innovation and community building.”

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