Cryptocurrency Powerhouse OKX Ventures Forms Game-Changing Partnership with 0xScope to Elevate Web3 Data Intelligence

Cryptocurrency Powerhouse OKX Ventures Forms Game-Changing Partnership with 0xScope to Elevate Web3 Data Intelligence

OKX Ventures, a prominent player in the cryptocurrency and blockchain sphere, has recently revealed a strategic collaboration with 0xScope, a cutting-edge data intelligence platform specializing in knowledge graph protocols for both Web2 and Web3 data. This partnership is set to significantly advance data intelligence and availability within the blockchain and cryptocurrency domains.

Dora Yue Stresses the Significance of Data in Web3’s Progress

0xScope offers an array of SaaS products meticulously crafted to cater to the data-centric needs of Web3 enterprises. This clientele includes venture capital funds, blockchain protocols, Layer-1 and Layer-2 ecosystems, trading organizations, and developers. Among the impressive offerings from 0xScope is ‘Scopescan,’ a potent blockchain analytics and research tool leveraging the firm’s knowledge graph.

Scopescan empowers traders and stakeholders to meticulously monitor and analyze a vast repository of over 84 million on-chain entities, nearly 600,000 tokens, 1.4 million address identification labels, 5 million address behavior labels, and a staggering 17 million exchange deposit and withdrawal labels. Such an extensive dataset provides invaluable insights into blockchain activities and user behaviors and inclinations.

Dora Yue, the visionary founder of OKX Ventures, underscored the pivotal role of data across three fundamental technical pillars of Web3—namely cross-chain integration, decentralized storage, and privacy computing. With the integration of knowledge graph technology, 0xScope has significantly enhanced these domains. The strategic utilization of transparent transactional data and Externally Owned Account wallets has empowered users to derive meaningful insights from raw on-chain data. This technological advancement also bolsters on-chain monitoring, data extraction, and the creation of distinctive Web3 applications.

OKX Ventures Pours $100 Million into Blockchain Innovation

Anticipated in the fourth quarter, 0xScope is poised to unveil a plethora of unique features expected to drive future advancements. OKX Ventures proudly backs 0xScope in its journey to elevate the Web3 ecosystem. The substantial investment from OKX Ventures is projected to assist 0xScope in augmenting Web2 and Web3 data accessibility, as well as enhancing the capabilities of Web3 technology.

The alignment of OKX Ventures’ mission with this partnership is seamless. OKX Ventures, the investment arm of OKX, a globally renowned cryptocurrency exchange recognized for its substantial trading volume and pioneering Web3 technology, has committed a substantial $100 million investment. This pledge unequivocally affirms the organization’s dedication to discovering and supporting the world’s most promising blockchain projects. OKX Ventures fervently advocates for cutting-edge blockchain technology, actively propelling global blockchain industry growth, and investing in sustained value creation.

The partnership between OKX Ventures and 0xScope holds the promise of revolutionizing Web3 data accessibility and intelligence. 0xScope’s distinctive feature facilitates comprehensive monitoring of all interconnected addresses associated with individual owners, effectively resolving the fragmented data management challenge. This groundbreaking technology will enable users to trace behaviors and transactions across various networks and chains.