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OKEx Establishes $10M Fund for GameFi Projects
The cash will come from the exchange's $100 million OKEx BlockDream Ventures fund, which invests in blockchain projects.
Updated Sep 14, 2021, 1:42 p.m. Published Aug 20, 2021, 9:35 a.m.
Crypto exchange OKEx said it is launching a $10 million fund to help develop GameFi, or “play-to-earn,” projects.
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- The cash will come from the exchange's $100 million OKEx BlockDream Ventures fund, which invests in blockchain projects, the company said.
- GameFi introduces financial mechanisms into games, allowing users to make money by playing.
- OKEx will host a hackathon on Aug. 26 dubbed "BUIDL IN METAFORCE," including a demo day aimed at connecting developers with potential investors.
- The winning team in the hackathon will receive $1 million in funding as well as advanced listing and promotion.
- GameFi has demonstrated the potential to be the next blockchain battleground after decentralized finance (DeFi). The most recent demonstration occurred on July 30, when transactions on Binance Smart Chain outstripped Ethereum's thanks in a large part to the BSC-based game CryptoBlades, which boasted more than 621,000 users last month.
Read more: Tron Foundation Launches $300M Fund to Invest in GameFi
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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