Beijing and San Francisco, June 24, 2018 — Vite Labs is pleased to announce that it has entered into a long-term strategic partnership with OK Blockchain Capital (“OK Capital” below), a blockchain-focused investment fund under OK Group.
The discussion between the two parties for partnership commenced in early May. After thorough analysis and careful planning from both sides, Vite and OK Capital have decided to enter into the following areas of collaboration:
· OK Capital has become a major investor in Vite.
· OK Capital’s research center will undertake an advisory role in Vite’s plan to launch a decentralized exchange based on the Loopring protocol.
· Vite has positioned its initial commercial uses to be in financial technology, with at least two major projects yet to be announced. OK Capital will provide key insights, relationships and resources on these fronts.
· Vite Labs’ Silicon Valley office will provide overseas resources for potential project partnerships for OK Capital.
Vite Labs is excited about joining forces with one of the most recognizable brands in the industry, and looks forward to continuing to propel the development of the blockchain ecosystem.
About Vite Labs:
Vite Labs is a technology company that aims to create the next generation of high-performing public blockchain that makes truly practical dApps possible. Our technology is a reactive blockchain that adopts a message-driven, asynchronous architecture and a DAG-based ledger, with the goal of ultra-high throughput and scalability. Vite Labs’ team consists of ex-BAT engineers and has offices in Beijing and Silicon Valley.
About OK Blockchain Capital:
OK Blockchain Capital is a venture capital fund focusing on blockchain industry investment. As a part of OK Group, our team members have accumulated rich experience in blockchain research and technology development. OK Blockchain Capital holds a proactive investment strategy, and has been investing in outstanding blockchain companies. To get prepared for future opportunities, we are also seeking strategic partners to grow together. Our next two-year-mission is to select and help the most potential teams to build blockchain technology infrastructures and to empower them to develop their own ecosystems. OK Blockchain Capital together with all our partners will be devoted to consistently contributing to blockchain industry.
Our official website: https://www.vite.org/
- English: https://t.me/vite_en
- Chinese: https://t.me/vite_zh
- Russian: https://t.me/vite_russia
- Korean: https://t.me/vite_korean
- Vietnamese: https://t.me/vite_vietnamese