OKX Ventures, the popular crypto exchange OKX’s investment arm, has participated in the modular real yield layer Cygnus Finance’s pre-seed investment. As per OKX Ventures, by investing in Cygnus Finance via the pre-seed investment round, it recognizes the potential thereof to connect Web3 and Web2 through cutting-edge creator economy solutions. The platform disclosed this development on its official X account.
Cygnus Finance Gets Investment from OKX Ventures in Pre-Seed Investment Round
OKX Ventures, while taking part in the pre-seed investment of Cygnus Finance, is supporting its advanced solutions for creator economy. Cygnus Finance is reportedly setting exclusive standards in the case of restaking infrastructure. It operates as a modular real yield layer, strengthening blockchains to conveniently modify restaking networks as well as get shared security.
Cygnus LVS of Cygnus Finance permits the restaking of assets from off-chain and on-chain for liquidity validation. This drives unparalleled coordination as well as economic security, taking into account prominent partners. They include Hemi Network, Bitlayer, Synfutures, Omni Network, Sonic SVM, Movement, Base, Linea, MakerDAO, and others. In addition to this, Cygnus will back further AI assets along with computing power following acquiring OASIS AI Limited. Hence, it intends to drive forward the latest AI technology’s democratization.
A key project among Cygnus Finance’s initiatives is the earliest Web3 Instagram App Layer. The respective project aims to combine the off-chain and on-chain assets, redefining the creator economy. It also significantly contributes to facilitating the Web3 technology’s mainstream adoption. With this, Cygnus focuses on utilizing the extensive consumer base of Instagram with the deployment of targeted ads. Additionally, it is also collaborating with the influencers on Instagram. This strategy lets consumers directly back preferred creators while leveraging the revenue-sharing model of the platform.
Investment Indicates OKX Ventures’ Endeavors to Support Creator Economy and Web3 Adoption
According to OKX Ventures, by investing funds in Cygnus, it endeavors to expand the platform’s growth. Moreover, it is also elevating its status as a top player leading creator economy developments and Web3 adoption. The partnership underscores an important move in the evolution of the digital monetization and blockchain-driven financial infrastructure. Overall, OKX Ventures shows its commitment to backing entrepreneurs seeking to take part in the blockchain sector’s development.
