OKX Ventures Invests in Prodia for Distributed Cloud Computing Expansion

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.

Image
source:
Shutterstock