Lawrence Jengar
28 Jul 2024 11:52
OKX Ventures announces seed round investment in aPriori, Monad’s MEV-based liquid staking platform, strengthening node-level infrastructure.
OKX Ventures, the investment arm of leading cryptocurrency exchange and Web3 technology company OKX, announced that it has participated in a seed investment round for aPriori, a liquid staking platform based on Monad’s Maximal Extractable Value (MEV).
Investment to accelerate aPriori’s growth
This funding will allow aPriori to expand its team, strengthen security measures, and foster community growth. The platform creates a new design space for node-level infrastructure by leveraging high-performance parallel Ethereum Virtual Machines (EVMs) such as Monad. Monad, a Layer 1 EVM-compatible, was chosen for its portability and extreme performance.
aPriori’s mission is to maximize the performance of the Monad network while improving the user experience. The goal is to reduce gas fees, optimize network traffic, and provide sustainable incentives for validators. The platform is being built from the ground up with a new architecture for MEV and liquid staking.
OKX Ventures’ Perspective
Dora We, Founder of OKX Ventures, expressed his enthusiasm for the investment, saying, “We are excited to invest in aPriori, Monad’s MEV-based liquidity staking platform that decentralizes Monad’s network by reducing spamming and increasing validator incentives through MEV redistribution. aPriori is dedicated to building transaction-centric infrastructure for Monad to improve Monad’s throughput and user experience, and prepare for the future expansion of the Monad ecosystem.”
About OKX Ventures
OKX Ventures is the investment arm of OKX, the second largest cryptocurrency exchange by trading volume. With an initial capital commitment of $100 million, OKX Ventures focuses on exploring promising blockchain projects globally, supporting technological innovation, and promoting the sound development of the blockchain industry. The firm is committed to investing in long-term structural value and creating innovative companies in the blockchain space.
For more information, visit the OKX Ventures website.
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