In a groundbreaking move to elevate the crypto infrastructure management, OKX Ventures, the investment arm of the second-largest crypto platform by trading volume, has announced a strategic partnership with dappOS. This collaboration is set to lower the barrier to interacting with crypto infrastructures, providing users with a more streamlined and secure experience.
dappOS Simplifies Crypto Interactions With Flexible Wallets
dappOS, an operating protocol that manages crypto infrastructures for users, is designed to provide flexible wallet management and control across different blockchain chains. Users can seamlessly bridge assets, executing gas costs in the best experiences while ensuring security through decentralized nodes.
This partnership comes at a time when the crypto market is witnessing a massive surge in DeFi activity, with $44.282 billion Total Value Locked (TVL) on chains. Layer1s have amassed over 237 million transactions on Ethereum and Bitcoin in the last six months of 2023.
Meanwhile, Web3 layer2 users have onboarded over 1.2 billion on Arbitrum/Optimism. According to a recent survey, Web3 perception has assimilated 90% of humans in 15 countries across five continents, marking a new era in the crypto world.
The partnership between OKX Ventures and dappOS is a significant milestone in the crypto market. It represents the merger of two powerhouses committed to accelerating user experience with crypto infrastructures. The collaboration aims to simplify the complexity of multi-chain asset management.
By integrating dappOS’s operating protocol into OKX’s robust platform, users will have the ability to manage their assets across multiple chains using their native chain accounts. This integration will not only streamline the user experience but also enhance the security of transactions by leveraging the power of decentralized nodes.
Moreover, the partnership will also enable dapp projects to reach users across multiple chains quickly and conveniently. This is a game-changer in the crypto space, as it will significantly reduce the barriers to entry for dapp projects, bringing innovation and growth to the ecosystem.
OKX Ventures Pushes Limit With dappOS
Dora Yue, Founder of OKX Ventures, expressed her excitement about the partnership, stating, “The great demand for the simple and clean public goods in crypto is surging solid. We are thrilled to see that dappOS is scouting in the new Web3. dappOS has given an early advantage to crafting over 25 prominent dapps, serving over 6k+ users.”
She further added, “dappOS not only allows users to manage multi-chain assets using their native chain accounts but also helps dapp projects quickly and conveniently reach users across multiple chains. Additionally, it can enrich the application ecosystem on new public blockchains. We are expecting to see dappOS V2 LIVE soon, and web3 users are excited about owning assets by one unified account with a single signature to simply engage in web3.”
dappOS, which recently closed a pre-seed funding round by Binance Labs, introduces a unified account to provide a CeFi-like user experience while maintaining complete decentralization.
dappOS recently made headlines by closing a seed funding round at a $50 million valuation, with IDG Capital and Sequoia China leading the charge. This follows their selection in November 2022 as one of the 12 projects out of over 900 to join the fifth season of the Binance Labs Incubation Program.
The company has also successfully established partnerships with leading protocols and chains. These include GMX, Perpetual, Benqi, QuickSwap, KyberSwap, Avalanche, Pangolin, MakerDAO, and zkSync, among others, all of which have integrated the dappOS MVP version into their operations.
