A Hong Kong-based venture studio called BlockBooster has raised US$1.5 million in seed money to support the development of Web3 protocols and software infrastructure.
OKX Ventures led the round, while other participants included Conflux Network, Neighbour Capital Series, IceRiver Venture, and Bitcoin Lab. The money will be used by the company to improve its access to Web3 talent and early-stage, high-quality project investment opportunities.
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BlockBooster, founded by Samuel Gu, offers high-quality projects a comprehensive incubation model that shortens development cycles and increases success rates.
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It provides comprehensive, long-term support to chosen project teams on a wide range of topics, including early-stage funding, talent recruitment, company growth, go-to-market strategy, product design, compliance, and risk management, by working with reputable partners.
Commenting on the news, Samuel Gu said: “We’re honored by the recognition and support from OKX Ventures, which is known as the investment arm of one of the largest Web3 ecosystems. OKX Ventures has continually shown its commitment to supporting Web3 entrepreneurs and builders. Driven by our shared vision, this collaboration will bring enhanced support for the community, fostering innovations that shape the future of Web3.”
About BlockBooster
BlockBooster is an Asian-focused venture studio with headquarters in Hong Kong that supports the creation of Web3’s next-generation protocols and software infrastructure. With subject experience, a vast network, and talent recruitment, BlockBooster excels in delivering the kind of expert environment that incubated projects flourish in one where seasoned mentors guide ideation and execution.
