Huobi Ventures Launches $ 10 Million Fund to Accelerate Innovative GameFi Projects
LONDON, September 14, 2021 / PRNewswire / – Huobi Ventures, the global investment arm of the Huobi Group, today announced the launch of a new $ 10 million funds to invest in emerging GameFi projects around the world. The creation of this fund follows the launch of its $ 100 million DeFi Fund in May of last year. In the following June, the Huobi Huobi X Center incubator program was also established to help the growth and development of the corresponding projects. These recent initiatives reflect the rapid growth of decentralized finance and its role in financing projects with new differentiated business models. Huobi Group, Huobi X Center and Huobi Eco Chain (HECO) will provide resources and support to beneficiary projects incubated under this fund.
The GameFi concept has the potential to completely transform gaming business models. GameFi stands for “Game + DeFi”, which refers to blockchain gaming embedded in DeFi mechanisms. GameFi’s business models allow players to get a share of the dividends from game development, their most common feature being “Play to Earn”. The open nature of blockchain can make the virtual economies of these games more dynamic. The data on the blockchain is open and accessible, which means developers can use it to explore new business models based on digital assets, such as the commerce of in-app purchases and equipment.
Huobi Ventures Encourages Interested Applicants To Email [email protected] with more details on their GameFi projects. As part of the program, Huobi Ventures will provide tailor-made support to beneficiary companies and projects through the following:
- Personalized service plan. Huobi Ventures could provide marketing and public relations support, financial and legal advice, and potential partner presentations.
- Technical support, for deployment on Huobi Eco Chain (HECO). HECO will provide full technical support for the incubated projects.
- Business help. For some projects, Huobi Global could provide a special channel to list the tokens and provide additional opportunities to educate users.
“This $ 10 million The fund aligns with Huobi Ventures’ goal of developing the blockchain ecosystem for a digital economy, and supporting and promoting developers who work on cutting-edge GameFi projects. We will provide support and resources to help these projects evolve and take advantage of the Huobi Group ecosystem, ”said Unica Yin, director of strategic investments at Huobi Ventures. “We hope this will allow more GameFi startup projects to impact the blockchain world.”
As an investment arm of Huobi Global, Huobi Ventures has unique insights into the development of new cutting-edge technologies. Supernova, Immutable and Rangers Protocol were among the first GameFi projects to be invested by Huobi Ventures. Going forward, Huobi Ventures will provide assistance to help each of them evolve and impact the gaming industry. So far, Huobi Ventures has launched three funds to focus on Blockchain, HECO, respectively. Ecology and NFT.
Companies working in the GameFi space should send an email to [email protected] to see how Huobi X Center can help your project grow, strengthen and excel! Other companies can contact [email protected] for venture capital investments under Huobi Ventures.
About the Huobi group
As a global blockchain leader, the Huobi Group was founded in 2013 with a mission to make breakthroughs in 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 Huobi X Center
Huobi X Center is a newly created incubator program that is designed to empower emerging projects and startups by providing them with a range of resources. With a focus on new technologies and emerging sectors such as DeFi, NFTs, distributed storage and other innovations, Huobi X Center will enable the development of innovative start-up projects so that they can have an impact. broader on the blockchain industry as a whole.
HECO is an EVM-enabled public chain that provides blockchain developers with an efficient and inexpensive on-chain environment for decentralized applications (dApps), smart contracts, and digital assets. HECO has registered around 12.5 million addresses in total with 463 million transactions carried out on the platform. For more information visit: https://www.hecochain.com/
SOURCE Huobi Ventures