In a notable move within the cryptocurrency landscape, leading global crypto exchange BingX has announced a significant investment in Moonbox, an avant-garde AI and Web3 startup.
This investment comes through BingX’s venture capital arm, Bing Ventures, marking a pivotal moment in both companies’ journey.
Moonbox has positioned itself at the cutting edge of the digital domain. It boasts licensing rights to the intellectual property of renowned classic films by Stephen Chow.
Capitalizing on this, Moonbox is on track to release a range of generative AI-powered NFTs and applications drawn from the art and film by 2023’s end. The company is optimistic that by integrating AI into NFTs, the result will be richer, more entertaining content that could redefine the realms of film and short video production.
The infusion of funds from BingX is expected to bolster Moonbox’s product development, further propelling its innovative technology that hinges on generative AI to power a burgeoning Web3 and NFT ecosystem.
Elvisco Carrington, PR and Communications Director of BingX, said, “Moonbox’s blend of AI and Web3 epitomizes a visionary amalgamation, hinting at a horizon full of endless technological prospects. Bing Ventures’ alignment with such innovation indicates our collective enthusiasm for the path Moonbox has paved.”
Established in 2021, Bing Ventures has emerged as a touchstone for innovation in the venture capital scene, particularly supporting Web3 and blockchain pioneers.
This recent investment underscores BingX and Bing Ventures’ joint ambition to pioneer the Web3 domain. BingX, serving over 5 million users across 100+ countries, persists in its mission of providing advanced, secure, and innovative crypto trading services.
BusinessNewsAsia