OKX Ventures has invested in DeBox, a remote provider of a decentralized social networking platform for Web3 communities and DAOs. The amount of the investment was not disclosed, but DeBox plans to use the funds to expand operations and development efforts. DeBox offers a platform with a range of features, including the formation and governance of DAOs, networking and social trading opportunities, and the ability to earn tokens for publishing content. Additionally, DeBox provides a token swap solution, DeSwap, which allows users to swap tokens across seven supported blockchain networks.

Bitrise Capital announced its investment in the one-stop Web3 social platform DeBox. The financing will be devoted to promoting the development of decentralized social networking in the Bitcoin, Nostr, and Farcaster ecosystems, with the specific amount currently undisclosed.

According to data website DappRadar, DeBox has a trading volume of over $40 million and TVL of over $4 million on zkSync Era, with a daily growth rate of nearly 100%. It has become the largest social application on zkSync. Founder of @DWFLabs, @ag_dwf, has presold over 2100ETH.