Hong Kong-based artificial intelligence and Web3-focused startup Moonbox has received US$1 million in funding from OKX Ventures, the investment arm of global crypto exchange and innovative Web3 company OKX.
The startup will use the investment to accelerate product growth and continue developing its core technology, centred on building applications powered by the latest generative AI technology for Web3 and NFT applications.
Moonbox focuses on developing an interactive protocol with AI that can give life to different digital assets, including NFTs. In July 2023, the company was granted Stephen Chow’s cinematic IPs for use in NFTs.
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The company plans to launch a series of AI-powered NFTs and applications inspired by the art and film industry by the end of 2023.
Moonbox Senior Advisor Ignious Yong said: “Our mission at Moonbox is to power the Web3 ecosystem, and NFTs in particular, by providing fully immersive experiences with the use of generative AI technology. We are confident that the integration of AI and Web3 will make NFTs more fun and valuable, creating a larger variety of use cases in the film and entertainment industries, and attracting users from all walks of life.”
OKX Ventures has invested in over 300 projects across the areas of blockchain infrastructure, Web3, NFT and others to promote the sustainable development of the global blockchain industry.
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(The image used in the article is AI-generated)
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