Singapore, December 6, 2023 – OKX Ventures, announced on December 6 its official partnership with the Ethereum Climate Platform (ECP) as a launch partner. 1
OKX Ventures the investment arm of OKX. OKX stands as a prominent global cryptocurrency exchange, specializing in both spot and derivatives trading. Recognized as the second-largest crypto exchange by trading volume, OKX caters to an extensive user base of over 50 million individuals worldwide. Established in 2017 by Star Xu, who continues to serve as the CEO in 2023, OKX operates under the ownership of OK Group, a conglomerate that also oversees the operations of the cryptocurrency exchange Okcoin.
This collaboration shows OKX’s commitment to sustainability and environmental responsibility within the Web3 ecosystem.
The ECP is an innovative platform created after the transformative Ethereum Merge and it leverages the best practices of Web3 and traditional climate finance, technology, structures, and services to address Ethereum’s carbon emissions generated since its launch in 2015.
The platform aims to galvanize climate solutions through Web3 innovation and cultivate digital environmental assets, which will play a crucial role in reducing greenhouse gas emissions and fostering enduring environmental and societal benefits.
As a launch partner, OKX Ventures joins a coalition of industry leaders dedicated to expediting decarbonization and amplifying climate action through cutting-edge technology and the development of digital environmental assets. These include: Microsoft, Polygon, NEAR Foundation, ConsenSys, and Allinfra.
This collective effort demonstrates the growing commitment within the Web3 space to address environmental concerns and pave the way for a more sustainable future.
By joining the ECP, OKX Ventures aims to accelerate the adoption of sustainable practices within the Web3 industry. This collaboration provides OKX with access to cutting-edge climate solutions and expertise, further solidifying its position as a leader in responsible and eco-conscious innovation within the Web3 space.
