Huobi Ventures announces investment in Project SEED, a one-stop-shop GameFi platform and up for grabs
LONDON, September 23, 2021 / PRNewswire / – Huobi Ventures, the global investment arm of the Huobi Group, today announced that it will invest an undisclosed amount in Project SEED, a AAA games studio building a multi-channel gaming ecosystem focused on mobiles. Project SEED is a Solana blockchain-based action role-playing platform that uses a game model to win. It is one of the first projects to offer multiple GameFi use cases on a multi-blockchain model.
The investment will help Project SEED create a more refined gaming experience and integrate more features for gamers and developers. The investment will be made as part of Huobi Ventures $ 10 million The GameFi fund, which was launched earlier in September to capture the growth of decentralized finance in the gaming industry. GameFi refers to blockchain game models embedded in DeFi mechanisms.
The SEED project, like many GameFi business models, allows gamers to get a share of the dividends reaped from game development through a “Play to Earn” model. In the game, players can adopt avatars and interact with their beasts, also known as Zeds. Players can compete against each other, join co-op adventures, join guilds, build dungeons, and more. The open nature of blockchain shapes Project SEED’s unique business model and ecosystem, which offers the exchange of in-app purchases, beasts, and gear as NFTs.
“We are excited to be working with Project SEED to grow their GameFi platform and community. Our resources and network can enable them to introduce innovative new features that can disrupt the traditional gaming industry, ”said Evans Huangfu, chief investment officer at Huobi Ventures.
About the Huobi group
As a global blockchain leader, the Huobi Group was founded in 2013 with a mission to make inroads into core blockchain technology and to continue integrating blockchain technology with other industries. The Huobi Group has extended its products and services to public blockchains, digital asset trading, wallets, mining pools, exclusive investments, project incubation, digital asset research, etc. The Huobi Group has established a global digital ecosystem by investing in more than 60 companies upstream and downstream of the blockchain industry. For more information visit: https://www.huobi.com/
About Huobi Ventures
Huobi Ventures is a wholly owned subsidiary of the Huobi Group which focuses on global investments. The structure of Huobi Ventures is divided into four business segments: strategic investing, strategic mergers and acquisitions, asset management and global cooperation. So far, Huobi Ventures has launched three funds to focus on Blockchain, HECO Ecology and NFT respectively. Huobi Ventures aims to drive the growth of the Huobi Group and create a global ecosystem with our partners. For more information visit: https://huobi-ventures.medium.com/ or https://twitter.com/HuobiVentures/
About the SEED project:
Project SEED is an AAA Game Studio that builds a mobile-centric blockchain games ecosystem that uses Multi Blockchain and integrates Governance, GameFi, and NFT. Seeking to become the decentralized hub for every player, Project SEED takes advantage of blockchain technology to bring a game-to-win experience and other blockchain-based solutions.
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SOURCE Huobi Ventures