BingX Invests in Web3 Startup Moonbox

BingX, a prominent worldwide cryptocurrency exchange, has taken a major step towards encouraging innovation in the blockchain and Web3 ecosystem. Through its investment branch, Bing Ventures, BingX has invested strategically in Moonbox, a groundbreaking startup specializing in AI and Web3.

Moonbox, a company licensed to use the intellectual property of popular classic films by Stephen Chow, plans to release a series of generative NFTs and applications by the end of 2023. They believe adding an AI interaction layer will make NFTs more engaging, entertaining, and satisfying for users. This, in turn, will lead to NFTs being used in more types of content creation such as films and short videos.

Moonbox aims to become one of the world’s leading companies in developing immersive experiences for individuals by launching its AI-powered interaction platform.

This investment will further accelerate Moonbox’s product growth and advance its core technology, which leverages cutting-edge generative AI to fuel applications for the evolving Web3 and NFT ecosystem.

In this regard, PR and Communications Director of BingX Elvisco Carrington said: “Moonbox’s fusion of AI and Web3 showcases a visionary convergence that leads us toward a future of limitless possibilities. As Bing Ventures aligns with this innovative force, we are excited to champion Moonbox’s journey, which will undoubtedly catalyze the evolution of technology and its impact on society.”

The recent investment by BingX in Moonbox demonstrates a strategic alliance between Bing Ventures and BingX, highlighting their common commitment to advancing the capabilities of the Web3 ecosystem. This investment showcases BingX’s proactive approach to identifying and supporting promising projects that have the potential to shape the future of technology.

BingX provides spot, derivatives, copy, and grid trading services to more than 100 countries and regions worldwide, serving over 5 million users. BingX is dedicated to connecting users with expert traders and providing a secure and innovative platform.