ODX Gets Investment from ‘unblock ventures’, LINE’s Token Investment Company
SINGAPORE--(BUSINESS WIRE)--Dec 5, 2018--ODX announced that it was selected as unblock ventures’ first token investment in Southeast Asia.
ODX Pte. Ltd. (Open Data Exchange) is a blockchain-powered data marketplace backed by an impressive cast of crypto heavyweights: Andromeda, BlockTower, DNA, Hexa, Kenetic, Pantera, Strong Ventures, and Wavemaker Genesis. Its mission is to provide free internet to emerging markets where most consumers are still offline most of the time. Because mobile data is expensive, the average user is estimated to be offline 80% of the time.
unblock ventures focuses on token investments, especially on early stage blockchain startups. With a capital commitment of USD 10 million, unblock ventures aim to foster strategic ties with the blockchain startup ecosystem.
“We’re excited about this partnership with ODX, we believe in their vision and hope to help bring free internet for emerging markets,” stated Matthew Lee, CEO of unblock ventures, Ltd.
“LINE is an industry leader and we are excited to have unblock ventures onboard as our investor. We look forward to working with them and building more opportunities for the future,” said Nix Nolledo, ODX Founder and CEO.
ODX’s parent company is Xurpas, the largest publicly listed consumer tech company in the Philippines. With over 17 years of experience and over 800 employees across Southeast Asia, Xurpas has already built a vast network of publishers and telcos.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005273/en/
CONTACT: ODX Pte. Ltd.
KEYWORD: ASIA PACIFIC SINGAPORE JAPAN
INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS TELECOMMUNICATIONS
SOURCE: Open Data Exchange
Copyright Business Wire 2018.
PUB: 12/05/2018 09:00 AM/DISC: 12/05/2018 09:01 AM