OKX Ventures, the avant-garde venture capital faction of the Seychelles-domiciled cryptocurrency colossus OKX, in collaboration with the pioneering blockchain entity Aptos Foundation, has unfurled a formidable $10 million initiative christened Ankaa.

Ankaa’s ambitiously curated focus is to incubate and propel nascent enterprises within the web3 landscape, sculpting avant-garde products adaptable to the Aptos blockchain’s framework. The fund’s concentration orbits around decentralized finance, interactive gaming ecosystems, progressive social media platforms, artificial intelligence applications, and tokenized real-world assets — representing traditional financial instruments transposed onto the blockchain.

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The inaugural cohort of visionary projects is slated for disclosure come September. An erudite panel composed of connoisseurs from OKX Ventures, Aptos, and the Ankaa consortium will undertake the judicious selection process.

Since its inception in 2021, OKX Ventures, under the stewardship of Jeff Ren, has mobilized a robust $100 million in capital, establishing itself as a stalwart investor within the crypto and web3 domain. As of June 2024, its portfolio burgeons with participations in over 190 funding rounds, underscoring its influential presence.

Recent investments include a pivotal role in an $8 million seed funding round for Apriori, a trailblazer in cryptocurrency trading technologies, and a leading position in the seed funding round for ZKlink, a developer of blockchain solutions designed to enhance the scalability and interoperability of crypto assets.