OKX Ventures, a renowned name in the Web3 tech and crypto exchange sphere, has declared their strategic investment in Sei Network, a DeFi Level 1 blockchain based on Cosmos. This fast-growing blockchain, founded by former Goldman banker Jeff Feng and software engineer Jog, is one of the most prominent blockchains that are not based on Ethereum. Sei Network makes it possible for developers to create specialized chains for particular applications.

The mission of the platform is to create an appropriate infrastructure for trading, and OKX Ventures seems to be fully on board with their investment in Sei Network. As the investment subsidiary of OKX, OKX Ventures' mission is to support entrepreneurs and help them advance in their ventures. This is achieved by providing companies with resources, services and capital to further their projects.

The crypto exchange itself, OKX, has also recently announced the suspension of withdrawals and deposits for ERC-20 tokens like OP, ARB and ETH. This is due to the upcoming Shapella upgrade of Ethereum which is expected to occur on the 12th of this month. Until the completion of the upgrade, OKX will not provide the normal services for the aforementioned tokens.

OKX Ventures and OKX have continually demonstrated their dedication to helping foster innovation by offering both financial and moral support to entrepreneurs. By investing in network that uses innovative methods of development outside of Ethereum, they are furthering their mission to develop an effective and decentralized financial infrastructure. Through their commitment to expanding in the blockchain sphere, OKX Ventures and OKX have proven themselves to be beacons of progress in the ever-evolving world of cryptocurrency.



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