Moonbox, an AI and Web3 startup with an NFTs ecosystem, received an investment from Bing Ventures, the CVC arm of BingX, a global cryptocurrency exchange.
The amount of the deal was not disclosed.
The company intends to use the funds to further accelerate its product growth and advance its core technology, which leverages generative AI to empower applications for the evolving Web3 and NFT ecosystem.
Licensed to use the intellectual property of most popular classic films of Stephen Chow, Moonbox is set to launch a series of generative AI-powered NFTs and applications inspired by the art and film by the end of 2023. It believes, with the addition of an AI interaction layer, NFTs will be more engaging, entertaining, and satisfying for users, which will lead to NFTs being used in more types of content creation such as films and short videos.
BingX is a crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users.
FinSMEs
21/08/2023