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HONG KONG, JUNE 22, 2023 - OKX Ventures, the investment arm of the second-largest crypto platform by trading volume and Web3 technology company OKX, is pleased to announce its strategic contribution to Shutter Network, an open-source project that aims to prevent malicious MEV and front running on Ethereum.
Malicious miner-extractable value (MEV) describes revenue that block producers extract by manipulating transactions. A subset of MEV is front-running, in which an attacker attempts to have their own transaction executed ahead of the one broadcast by users. MEV and front-running are recognized as some of the final unsolved fundamental problems in the blockchain space.
Shutter Network aims to solve for malicious MEV and front-running by allowing users to send encrypted transactions that are opaque to front runners. Shutter Network is additionally decentralized and gas-efficient.
OKX Ventures Founder Dora Yue said: “At OKX Ventures we are committed to building a sound and secure on-chain environment through considered investments in high-impact projects. We are confident that Shutter Network will continue to contribute to network stabilization and add further value amid the exponential growth of MEV.”
In May of 2023, Shutter Network launched Shutter protoDAO, which represents a significant step towards decentralization of Keypers nodes.
OKX Ventures will continue to support projects that seek to overcome obstacles to the mainstream adoption of blockchain technology.
We're Now ISO/IEC 27001 Certified: Setting the Standard for Security Management
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OKX
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OKX
OKX Pay for the next crypto generation
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Today we're rolling out a new product for more than a hundred million people who use our app globally. We're excited to introduce version one of OKX Pay, what we believe is a first-of-its-kind crypto payment app. This sub-app will be available within our OKX app, starting with customers in select markets, with a full roll out planned over the next few months.
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OKX
Bringing OKX to America: A New Era for Crypto and Web3 Innovation
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Over the past decade, I’ve had the opportunity to lead and contribute to initiatives that deepened my appreciation for the transformative potential of blockchain technology. I’ve watched the industry evolve from its earliest days to where it stands now—at a critical inflection point, interacting more directly with traditional finance and capital markets. At this exciting juncture, I’m honored to join OKX as the US CEO. I look forward to leading our expansion into the United States and broadening access to digital assets in a secure, transparent, and compliant way.
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Institutional news
We've launched a world-leading collateral mirroring programme with Standard Chartered
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OKX
Aux Cayes Fintech Resolves Compliance Investigation
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