Huobi Incubator Forms Strategic Partnership with Relation Labs to Harness the Value of Data in the Web3 Era
LONDON, April 18, 2022 /PRNewswire/ — Huobi Incubator, the project incubation arm of Huobi Group, today announced a strategic partnership with Relation Labs, a project specializing in creating and collecting data in the Web3 era.
The partnership will see Huobi Incubator redouble its efforts to drive Relation Lab’s growth by providing Relation Lab with a full suite of support services, such as marketing support, financial consulting, business model guidance, and more. Additionally, Huobi Incubator will provide community engagement to increase awareness of Relation Labs and its Web3 Social Graph project.
This in-depth cooperation between Huobi and Relation Labs shows how far the Web3 field has come since October 2021, when social media giant Facebook, with 2.8 billion users, announced it was changing its name to “Meta”. The Web3 boom has since taken off, and NFT has become the word of the year. Today, various parties such as investment institutions, public broadcasters, and corporations are actively trying to participate in the GameFi circuit, with P2E, Free to Play, and Play for Fun concept games popping up everywhere. Additionally, the total market TVL (total value locked) of DeFi (decentralized finance) has reached 244 billion US dollars. All of these changes have brought the crypto market to the masses and made people aware of the importance and value of personal social data.
Aiming to create a multi-channel decentralized Web3 social graph, Relation Labs adopted a range of advanced technologies, including artificial intelligence, to give Web3 users and data producers 100% ownership, allowing anyone to create and harvest value from data in the Web3 ecosystem. open and simple.
With the support of a strategic partnership, Relation Labs intends to accelerate its development process, leverage resources to drive ecosystem development, and expand its activities to further develop a global relationship graph. social – the next-generation Web3 social graph infrastructure.
“Relation Lab’s Web3 Social Graph project will provide solutions to address user growth dilemmas surrounding current SocialFi and startup projects that are sorely lacking in the market today,” said Jewel Chen, responsible for the Huobi incubator. “Our professional guidance and resources will enable both parties to mutually benefit and we look forward to unlocking a new Dapps social media paradigm in the near future.”
“Our partnership with Huobi Incubator will greatly benefit the development of Web3 Social Graph and drive Web3 innovation,” said Jessica C, Founder of Relation Labs. “We hope that this long-term vision of ours will be realized as we work with the best expertise and resources in the crypto space that Huobi Incubator will provide.”
About Huobi Incubator
Huobi Incubator is a professional full-cycle project incubator that integrates industrial research with investment funds, incubation processes and accelerators. With a mission to accelerate the development of startup projects at all stages and for all users, Huobi Incubator helps entrepreneurs and startups overcome obstacles, achieve rapid growth and work towards their respective visions and goals.
Relation aims to explore the value of social graph data on Web3. Our vision is to provide the most powerful and richest social graph data for multiple global blockchain systems and explore new paradigms connecting people, organizations, relationships and behaviors – serving as a social networking infrastructure Next Generation on Web3.
SOURCE Huobi Incubator