{"id":62459,"date":"2022-06-04T15:57:43","date_gmt":"2022-06-04T12:57:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62459"},"modified":"2025-09-05T18:11:42","modified_gmt":"2025-09-05T15:11:42","slug":"wax-studios-raises-over-10-million-from-okx-blockdream-ventures","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/wax-studios-raises-over-10-million-from-okx-blockdream-ventures\/","title":{"rendered":"WAX Studios raises over $10 million from OKX Blockdream Ventures"},"content":{"rendered":"<p>WAX Studios, the team behind the blockchain Worldwide Asset eXchange (WAX), has raised more than $10 million from OKX&#8217;s investment arm.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce2 Welcome to the WAX family, <a href=\"https:\/\/twitter.com\/OKX_Ventures?ref_src=twsrc%5Etfw\">@OKX_Ventures<\/a>!<\/p>\n<p>We\u2019re thrilled to announce that OKX Blockdream Ventures funds WAX Studios with $10M+ to join us on our journey to take over the <a href=\"https:\/\/twitter.com\/hashtag\/GameFi?src=hash&#038;ref_src=twsrc%5Etfw\">#GameFi<\/a> &#038; <a href=\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&#038;ref_src=twsrc%5Etfw\">#NFTs<\/a> space! <a href=\"https:\/\/twitter.com\/hashtag\/PlayToEarn?src=hash&#038;ref_src=twsrc%5Etfw\">#PlayToEarn<\/a><\/p>\n<p>\ud83d\udd17<a href=\"https:\/\/t.co\/9XoOblIYJl\">https:\/\/t.co\/9XoOblIYJl<\/a>.<\/p>\n<p>\u2014 WAX Blockchain (@WAX_io) <a href=\"https:\/\/twitter.com\/WAX_io\/status\/1532389567675899908?ref_src=twsrc%5Etfw\">June 2, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funds raised will be directed to enhancing <a href=\"https:\/\/forklog.com\/en\/news\/what-are-nfts\">NFT<\/a> in <span data-descr=\"Play-to-Earn, play and earn\" class=\"old_tooltip\">P2E<\/span>-games built on WAX, development of in-game tokens and updates to the WAX Cloud Wallet.<\/p>\n<p>According to VentureBeat, the project&#8217;s network now handles more than 23 million transactions per day. The blockchain hosts 23 games with a combined audience of over 12 million accounts.<\/p>\n<p>WAX Studios, founded in 2017, employs more than 100 people.<\/p>\n<p>OKX Blockdream Ventures is a $100 million fund focused on scaling blockchain projects.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/study-finds-developers-will-shift-games-to-the-play-to-earn-model-in-2022\">will see greater adoption<\/a> in P2E models in games, according to February estimates by Newzoo, as developers seek to diversify revenue streams.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/andreessen-horowitz-launches-a-600-million-fund-for-gaming-and-metaverse-investments\">announced the launch of a $600 million fund<\/a> in May, with a focus on &#8216;gaming infrastructure and metaverse technologies&#8217;.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/akatsuki-launches-20-million-emoote-fund-focused-on-web-3-0\">announced the creation of the Emoote fund worth $20 million<\/a> in June. The fund will focus on investments in Web3 projects.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WAX Studios, the team behind the blockchain Worldwide Asset eXchange (WAX), has raised more than $10 million from OKX&#8217;s investment arm.<\/p>\n","protected":false},"author":1,"featured_media":62460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,1291,690],"class_list":["post-62459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-okx","tag-wax"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=62459"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62459\/revisions"}],"predecessor-version":[{"id":62461,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62459\/revisions\/62461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/62460"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=62459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=62459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=62459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}