VICTORIA, Seychelles, Nov. 15, 2022 (GLOBE NEWSWIRE) — OKXthe world’s second-largest cryptocurrency exchange by transaction volume and a leading Web3 ecosystem, has entered into a strategic partnership with Gitcoin to support the developer community and the use of new funding mechanisms for the public good in the crypto space.
With its day one commitment to user experience, security and transparency, OKX leads in industry compliance and product innovation and is trusted by 20 million people worldwide. Its wide range of decentralized products, including a multi-chain NFT marketplace, self-service wallet, and the OKC blockchain, empower a world of financial inclusion through the power of blockchain technology.
Gitcoin is the community of over 300,000 builders, creators, and protocols at the center of open web ecosystems. They have ushered in over $70 million in funding for OSS and public good projects through their new funding mechanisms. Through the use of quadratic funding, community building, and accessible learning resources, Gitcoin has proven to be a leader in the web3 space, supporting the building of public infrastructure tomorrow’s digital.
“We are incredibly excited to work with a trusted partner like OKX on our shared mission to build and fund projects that contribute meaningfully to the crypto community,” said Kyle Weiss, Director of the Gitcoin Foundation. “Partnering with OKX will allow us to expand our global reach to developers and continue to empower communities to fund their common needs.”
“Despite prolonged market conditions, Gitcoin continues to support public good projects through GR14 and GR15, driving fundamental technology innovation in the industry. This echoes OKX’s core mission of investing in construction, innovation and community. We are excited to provide firepower to Gitcoin to sustainably grow its initiatives, and we look forward to working together to support the industry during this unprecedented time,” said Jeff Ren, Head of OKX Ventures.
OKX will participate in the governance of Gitcoin, offering advice on how to shape and design the future of the protocol. Gitcoin and OKX will continue to forge partnerships with the developer community, driving transparent, sustainable, and inclusive progress in the global crypto industry.
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Gitcoin exists to enable communities to fund their common needs. Its mission is to build an open source, collaborative and economically autonomous Internet. Gitcoin creates a community and infrastructure for Web 3 – a diverse range of tools, protocols, and networks that enable people to work for the open Internet. By funding projects, building communities, and making learning resources accessible, Gitcoin is leading the development of digital public infrastructure for the future.
OKX is the world’s second largest crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by over 20 million customers worldwide, OKX is known to be one of the fastest and most reliable crypto trading apps for investors and professional traders around the world.
As the preferred partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James and F1 driver Daniel Ricciardo, OKX aims to energize the fan experience with new financial and commitment opportunities. OKX is also the Tribeca Festival’s Top Partner as part of an initiative to attract more creators to the web3.
Beyond the OKX exchange, the OKX wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
To learn more about OKX, download our app or visit: okx.com