Stephen Chow-backed artificial intelligence and Web3 startup Moonbox completes $1 million in funding

Webmaster’s Home (ChinaZ.com) News on August 10: OKX Ventures recently announced an investment of US$1 million in the start-up Moonbox, which focuses on artificial intelligence technology and Web3.

According to reports, Moonbox has obtained the authorization for the intellectual property (IP) of Stephen Chow's films, including "Journey to the West to Conquer the Demons", "Journey to the West to Conquer the Demons" and "The Mermaid" and other well-known films. The company plans to launch a series of AI-driven NFTs and applications by the end of 2023 that will be inspired by the film and art industries

According to the financing press release, this round of financing will be used to accelerate product growth and further develop core technology, which integrates the most advanced generative artificial intelligence technology and is designed to support the construction of Web3 and NFT applications

Ignious Yong, Senior Advisor at Moonbox, said: "We are very pleased to have OKX Ventures as the lead investor in our first round of financing, and to have the support of famous actor and cultural icon Mr. Stephen Chow. Moonbox's mission is to leverage generative artificial intelligence technology , promoting the Web3 ecosystem, especially the all-round immersive experience in the NFT field. We believe that the combination of artificial intelligence and Web3 can make NFT more interesting and valuable, thereby creating more use cases in the film field and attracting people from all walks of life. User."

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