SINGAPORE, April 16,
2024 /PRNewswire/ -- OKX Ventures, the investment arm
of leading crypto exchange and Web3 technology company
OKX, has issued updates for April 16,
2024.
OKX Ventures Announces Strategic Investment in Privasea, a
Data Infrastructure Platform Powered by DePIN and AI
Technology
OKX Ventures is pleased to announce that it has invested in
Privasea, a data infrastructure platform. Privasea allows multiple
parties to collaborate without revealing sensitive information,
ensuring the privacy and security of data during the AI computation
process.
Recent news about tech giants harnessing data for AI development
highlights the critical role of quality information in making
informed decisions. Privasea stands out by utilizing Fully
Homomorphic Encryption (FHE) technology, enabling computations on
encrypted data. The platform also leverages machine learning to
enhance its performance over time. Its Testnet, now live, can be
developed based on several models, such as prediction and e-mail
classifier.
OKX Ventures Founder Dora Yue
said: "Data protection today is largely implemented through
organizational, technological and physical safeguards. Still, there
are risks of financial threats or unnecessary involvement by users'
identities and hassles from unexpected parties. We are pleased that
Privasea is committed to these challenges."
Dora also highlighted the platform's potential in bridging the gap
between user data and distributed computing power, simplifying
interactions and stimulating computational power for diverse
domains. "We eagerly anticipate the new user experiences that the
Privasea AI network will bring later this year, such as secure file
sharing, privacy-conscious facial recognition and a streamlined KYC
process," she added. "We are equally excited about the potential of
AI modeling for effective decision-making in the upcoming
AI-powered Web3 era."
For more information, please visit the OKX Support Center.
For further information, please contact:
Media@okx.com
About OKX Ventures
OKX Ventures is the investment arm of the second-largest
crypto exchange by trading volume and Web3 technology
company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best
blockchain projects on a global scale, supporting cutting-edge
blockchain technology innovation, promoting the healthy development
of the global blockchain industry, and investing in long-term
structural value.
Through its commitment to supporting entrepreneurs who
contribute to the development of the blockchain industry, OKX
Ventures helps build innovative companies and brings global
resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
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SOURCE OKX