Lawrence Jengar
Jul 28, 2024 11:52
OKX Ventures announces seed round investment in aPriori, an MEV powered liquid staking platform on Monad, enhancing node-level infrastructure.
OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, has announced its participation in the seed investment round for aPriori, a liquid staking platform powered by Maximal Extractable Value (MEV) on Monad.
Investment to Propel aPriori’s Growth
The funding will enable aPriori to expand its team, enhance security measures, and foster community growth. The platform leverages high-performance, parallel Ethereum Virtual Machines (EVMs) like Monad to create a new design space for node-level infrastructure. Monad, an EVM-compatible Layer 1, was selected for its portability and extreme performance.
aPriori’s mission is to maximize the performance of Monad’s network while enhancing user experience. It aims to reduce gas fees, optimize network traffic, and drive sustainable incentives for validators. The platform is constructing a new architecture for MEV and liquid staking from the ground up.
OKX Ventures’ Perspective
Dora Yue, Founder of OKX Ventures, expressed her enthusiasm for the investment, stating, “We are delighted to invest in aPriori, an MEV powered liquidity staking platform on Monad that decentralizes Monad’s network by reducing spamming and increasing validators’ incentives through the redistribution of MEV. aPriori is committed to building a transaction-centric infrastructure for Monad that will help Monad improve its throughput and user experience, and be ready for the Monad ecosystem’s expansion in the future.”
About OKX Ventures
OKX Ventures is the investment arm of OKX, the second-largest crypto exchange by trading volume. With an initial capital commitment of USD 100 million, OKX Ventures focuses on exploring promising blockchain projects globally, supporting technological innovation, and promoting the healthy development of the blockchain industry. The firm is dedicated to investing in long-term structural value and helping build innovative companies in the blockchain space.
For more information, visit the OKX Ventures website.
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