Bybit Launchpad 2.0 to Host OpenBlox (OBX) IEO

OpenBlox is an EVM-based NFT gaming and web3 platform focusing on play-and-earn / move-and-earn and IP branding.

Bybit will host the initial exchange offering for OBX, which will be available on the Bybit Launchpad 2.0, a freshly revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for June 30.

Bybit users can commit BIT to subscribe to token allocations, or participate in Launchpad 2.0's new lottery model where users stake a nominal amount of Tether (USDT) for the chance to win allocations of new tokens. Users can also buy the best performing tokens from previous listings via the Launchpad.

Since its inception in 2021, OpenBlox has attracted investment from renowned investors such as Yusaku Maezawa, who made his first web3 investment with the project, as well as a devoted community following its initial launch. RunBlox, a lifestyle app and OpenBlox's first web3 venture that has gained traction while still in beta testing, is the most recent addition to the blockchain gaming ecosystem.

The OBX listing is a continuation of OpenBlox's success. In 2022, OpenBlox closed a $4 million seed and private round, launched RunBlox, and saw massive growth in Japan and Korea as the Asia-Pacific region became the primary cohort of OpenBlox users.

The go-to platform for promising crypto projects, Bybit Launchpad 2.0 gives users early access to some of the most sought after tokens in the space. OBX is the latest addition to Bybit Launchpad 2.0's future forward ecosystem.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, an NFT marketplace as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

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