Global cryptocurrency exchange BingX has taken a significant step toward revolutionizing the Web3 and blockchain landscape. Through its investment arm, Bing Ventures, the company has strategically invested in Moonbox, an AI and Web3 startup.
Moonbox has obtained the license to use intellectual property from classic films by Stephen Chow and plans to roll out a series of AI-powered NFTs. The startup believes that the addition of an AI interaction layer will make NFTs more engaging, opening the door for broader content creation like films and short videos.
BingX's investment will turbocharge Moonbox's journey toward becoming a leading company in developing immersive experiences. Moonbox aims to leverage generative AI technology to advance applications for the Web3 and NFT ecosystems.
Founded in 2021, Bing Ventures focuses on supporting early-stage startups in the Web3 and blockchain arenas. The team comprises industry veterans and experts and maintains a sector-agnostic value investing approach, holding an impressive portfolio that includes DeFi, NFTs, GameFi, DAOs, and more.
The investment aligns Bing Ventures and BingX in their shared commitment to advancing the Web3 ecosystem. BingX's PR and Communications Director, Elvisco Carrington, stated, "Moonbox's fusion of AI and Web3 showcases a visionary convergence that leads us toward a future of limitless possibilities."
About BingX
BingX is a leading crypto exchange serving over 5 million users across 100 countries, offering a range of trading services including spot, derivatives, copy, and grid trading.
The investment is more than financial; it’s a commitment to driving innovation and fostering a sustainable and enhanced Web3 ecosystem. It also sets the stage for Moonbox to further explore the intersections of AI and blockchain technology, significantly impacting the future of content, NFTs, and the broader Web3 framework.
