OKX Ventures Invests in Prodia for Distributed Cloud Computing Expansion
OKX Ventures announces seed round investment in Prodia to enhance distributed cloud computing with Web3 infrastructure.
OKX Ventures, the investment arm of the prominent crypto exchange and Web3 technology company OKX, has announced its participation in the seed investment round for Prodia, a distributed cloud computing firm. This strategic move highlights OKX Ventures' commitment to fostering innovation within the blockchain and Web3 sectors, according to OKX Ventures.
Prodia's Vision for Distributed Cloud Computing
Prodia is at the forefront of creating a distributed network of graphics processing units (GPUs) aimed at delivering more efficient and cost-effective cloud computing services. Leveraging Web3 infrastructure, Prodia plans to utilize the seed funding to scale its operations, integrate support for generative video and large language models (LLMs), and expand its GPU hardware offerings.
Prodia's innovative approach is designed to reduce costs by 50-90% while accelerating generation speeds, making high-performance cloud services more accessible. The company's easy-to-use API aims to provide AI solutions to a broader range of organizations, facilitating the creation of over 400 million images to date, supporting both individual and enterprise users in their AI modeling endeavors.
OKX Ventures' Commitment to Blockchain Innovation
Dora Yue, Founder of OKX Ventures, expressed her enthusiasm for the partnership, stating, “We are delighted to invest in Prodia, a distributed GPU cloud designed specifically for AI Inference. Prodia’s high-performance cloud service features cost reduction and efficiency, cutting costs by 50–90% while accelerating generation speeds. Its easy-to-use API offers AI solutions to more organizations. Prodia has generated more than 400 million images, allowing both individual and enterprise users to realize their AI modeling dreams with Prodia’s powerful GPU support.”
OKX Ventures, with an initial capital commitment of USD 100 million, focuses on supporting cutting-edge blockchain technology innovation and promoting the healthy development of the global blockchain industry. By investing in projects like Prodia, OKX Ventures aims to support entrepreneurs who contribute to the advancement of blockchain technology, bringing global resources and historical experience to innovative blockchain projects.
About OKX Ventures
OKX Ventures is the investment arm of OKX, the second-largest crypto exchange by trading volume. The firm is dedicated to exploring promising blockchain projects worldwide, fostering technological advancements, and investing in long-term structural value within the blockchain ecosystem. Through its investments, OKX Ventures seeks to build innovative companies and support the global blockchain industry's growth.
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