OKX Ventures partner Jeff Ren: "We not only provide trading services, but also are changing the industry."

23-09-12 22:01

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On September 12th, Jeff Ren, a partner at OKX Ventures, was invited to attend the Ethereum Singapore 2023 conference and gave a keynote speech titled "OKX: Bridging OKX Exchange and Ecosystem to Ethereum Community Growth". He discussed OKX's current business, OKX Ventures' investment direction, and the development of the Ethereum community.

Ethereum Singapore 2023 aims to cultivate the influence of non-profit and public products locally, sow the seeds of hope for talent development, and showcase how the local community can come together to create a vibrant Ethereum ecosystem in Singapore. It is reported that many heavyweight guests such as Ethereum Foundation, Vitalik Buterin, KPMG, Google Cloud, Circle, Huawei, Matter Labs, Scroll, Coinbase, MakerDAO, Pendle Finance, Zksync, Arbitrum, and LayerZero Labs attended the conference.

Jeff stated during his speech that "we fully recognize that the essence of encryption lies in decentralization. Although OKX is already one of the world's largest cryptocurrency exchanges, we are also moving towards a direction dominated by self-custody decentralized finance (DeFi). As a dynamic and constantly evolving company, OKX's partnerships with decentralized protocols such as Lido, Sui, Solana, and Gitcoin highlight our broad vision. We are not only promoting transactions, but also changing the industry."

Later, Jeff gave a brief introduction to OKX's current decentralized business products. According to Jeff, OKX Web3 wallet has implemented security, innovation, and user-centric promises. It has integrated over 70 public chains and supports creating MPC and AA wallets, which is thoroughly changing users' autonomy and security. OKX DEX is the most powerful DEX and cross-chain aggregator, currently aggregating 10+ cross-chains, 20+ public chains, and 300+ DEXs. OKX NFT market is becoming a beacon in the growing NFT world, already aggregating mainstream NFT platform orders such as OpenSea, providing a diverse and vibrant ecosystem for collectors and creators. In today's data-driven era, OKLink currently covers over 170 types of blockchain networks and has recorded over 1000TB of on-chain data, providing AML and KYT support for hundreds of customers, making it a leading global blockchain big data company.

Jeff further pointed out that "Web3 tools are dynamic tools. Many people have already realized that a key industry challenge is to balance user-friendliness, security, and decentralization. For example, innovative technologies such as account abstraction, multi-signature, and zero-knowledge proofs enhance user experience without compromising security."

As an active participant in the industry, OKX Ventures leads the industry transformation through investing in innovative technologies. Jeff stated that OKX Ventures is always closely connected with the Ethereum community and is committed to finding great projects that address core themes such as user-friendliness, security, and decentralization. Just as OKX Ventures has made efforts to help Layer2 technology, investing in groundbreaking projects such as Scroll, Starkware, zkSync, and Taiko, these Layer2 projects are a microcosm of technological innovation and have set a benchmark for the EVM ZK-Rollup world. In the future, OKX Ventures will not stop there, and an internal Layer2 ZK-Rollup solution is being prepared, which is expected to be launched later this year.

Regarding the future development prospects of the industry, Jeff stated that OKX Ventures has always been committed to the development of the Ethereum community and is actively supporting, hosting, and organizing demo days and hackathons worldwide. In addition, with regard to how to enhance the developer base and improve the developer experience, Jeff pointed out that there are many pain points such as opaque funding standards in different ecosystems. To address this, he proposed three suggestions: simplifying the project funding process, promoting open source initiatives, and strengthening communication channels.

Jeff emphasized that OKX Ventures is working closely with industry leaders such as Gitcoin and EthGlobal to promote collaboration and communication between the Asia-Pacific region and other parts of the world. This can help high-quality developers obtain funding support more easily in the early stages of their projects.

Finally, Jeff issued a call to action, hoping that more industry partners can come together to jointly build the future of Ethereum.