PR Newswire
22 Aug 2023, 04:31 GMT+10
![]() |
SINGAPORE, Aug. 22, 2023 /PRNewswire/ -- BingX, a leading global cryptocurrency exchange, is proud to announce a significant stride in its commitment to fostering innovation within the blockchain and Web3 ecosystem. Through its investment arm, Bing Ventures, BingX has strategically invested in Moonbox, a pioneering AI and Web3 startup.
Moonbox has a unique approach to reshaping the digital landscape. Licensed to use the intellectual property of most popular classic films of Stephen Chow, Moonbox is set to launch a series of generative AI-powered NFTs and applications inspired by the art and film by the end of 2023. It believes, with the addition of an AI interaction layer, NFTs will be more engaging, entertaining, and satisfying for users, which will ultimately lead to NFTs being used in more types of content creation such as films and short videos. With a plan to launch its AI-powered interaction platform, Moonbox aspires to become one of the world's premier companies to develop immersive experiences for individuals.
This investment will further accelerate Moonbox's product growth and advance its core technology, which leverages cutting-edge generative AI to fuel applications for the evolving Web3 and NFT ecosystem.
Founded in 2021, Bing Ventures stands as a beacon of innovation in the venture capital landscape. Focusing on supporting early-stage startups and entrepreneurs of Web3 and blockchain advancements, Bing Ventures boasts a team of industry veterans and experts with extensive experience in investing, incubating, developing, and promoting projects. With a research-driven, sector-agnostic value investing approach, Bing Ventures has built an impressive portfolio spanning DeFi, NFTs, GameFi, DAOs, infrastructure, and more.
"Moonbox's fusion of AI and Web3 showcases a visionary convergence that leads us toward a future of limitless possibilities. As Bing Ventures aligns with this innovative force, we are excited to champion Moonbox's journey, a journey that will undoubtedly catalyze the evolution of technology and its impact on society," remarked Elvisco Carrington, PR and Communications Director of BingX.
BingX's strategic investment in Moonbox signifies a strategic alignment between Bing Ventures and BingX, underlining their shared dedication to advancing the capabilities of the Web3 ecosystem. This investment showcases BingX's proactive approach to identifying and supporting promising projects that have the potential to shape the future of technology. It also marks a significant step forward in the realm of blockchain innovations and underscores BingX's commitment to driving the next wave of technological advancements.
About BingX
BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way.
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...