OKX Ventures makes an investment in Privasea, a company facilitating secure collaboration among multiple parties without the need to disclose sensitive information, ensuring data confidentiality during the computation process. Notably, Privasea operates as a data framework platform.

Major players in the technology sector emphasize the importance of secure data for AI development, highlighting the significance of relevant information in making informed decisions. Privasea stands out by employing fully homomorphic encryption (FHE) technology, enabling computations on encrypted data. Additionally, the platform utilizes machine learning to enhance its capabilities. Its active testnet allows for the creation of various modules such as prediction and email classification.

According to Dora Yue, the founder of OKX Ventures, data protection primarily involves organizational, technological, and physical safeguards. However, financial risks and unnecessary user identification remain concerns.

Furthermore, Dora emphasized the platform's ability to bridge the gap between user data and allocated computing resources, simplifying interactions and enhancing computational capabilities across different sectors. She expressed anticipation for the new user exposure that the Privasea AI network will bring in the coming days, including features like secure file sharing, privacy-conscious facial recognition, and streamlined KYC procedures. Additionally, they are eager to explore the potential of AI modeling for efficient decision-making in the upcoming AI-driven Web3 era.

OKX Ventures, the investment arm of OKX, the second-largest cryptocurrency exchange in terms of trading volume and Web3 technology, was established with $100 million to support promising blockchain projects and develop cutting-edge blockchain technology.