Social media platform Torum announces strategic investment by Huobi Ventures HECO Fund
Kuala Lumpur, Malaysia, August 6, 2021 / PRNewswire / – On the eve of the first anniversary of the project’s launch, social media platform Torum released its strategic H2 ecosystem expansion plan, prioritizing building a crypto ecosystem in one stop shop. The plan includes core functionalities that aim to address industry information asymmetry issues and improve the connection between projects and communities through a social ecosystem.
Torum H2 Ecosystem Strategic Expansion Plan
The Torum H2 ecosystem strategic expansion plan will include many core features, including:
- Torum NFT Launchpad: INO’s platform for projects to deliver a set of limited edition NFTs to the community
- Torum NFT Marketplace: the first social-diffusion NFT marketplace with the ability to market NFTs to Torum users.
- Torum Airdrop: a premium section for projects to drop to the Torum community
- Torum News: a unique aggregator of news and information for projects
- Torumgram: a bridge that connects Telegram groups and channels to Torum
- Torum Lounge: an audio board only for organizing AMA and outreach events.
The expansion plan caught the attention of the Huobi Ventures HECO fund, which led to the venture capital firm’s strategic investment in Torum. With Huobi Ventures entering the fold, Torum will help the expansion of the Huobi ecosystem from marketing and community development aspects, in particular by connecting the Huobi and HECO projects with the Western market.
Yi Feng Go, CEO and founder of Torum says that:
“Community consensus has always been Torum’s greatest asset. However, the vast potential of a social media ecosystem like Torum is still fully explored at such an early stage. With the support of Huobi Ventures, we are confident that Torum can grow exponentially by integrating HECO based projects and their communities for the next 6 to 12 months. We are very happy to work closely with ecosystem partners like Huobi Ventures. “
As part of the strategic investment, Huobi Ventures will provide access to resources to exclusive media partners, community building and project connections for Torum. The integration of Huobi’s resources will further expand the reach of Torum’s ecosystem, which has already amassed more than 64,000 cryptocurrency enthusiasts from more than 10 countries, including the United States, Canada, Latvia, Spain, Germany, France, Poland, Malaysia, etc.
Huobi Ventures and HECO
One of Torum’s main goals for the second half of 2021 is to integrate quality HECO-based projects into its social media ecosystem. With the support of Huobi Ventures, Torum can provide premium benefits to HECO-based projects, including access to the Western market, community development tools, brand exposure, community integration, and more.
Loki, Chief Investment Officer of Huobi Ventures commented that:
Huobi Ventures HECO Fund strives to expand the Huobi ecosystem and host high quality HECO projects like Torum. With the addition of a crypto-centric social media platform to our portfolio, we can use core Torum features like NFT Launchpad to provide community outreach and resources for projects on the HECO ecosystem. “
Visit the Torum website for a glimpse into the future of social media, or stay up to date with all Torum developments through the company’s official Twitter account.
About the Huobi Ventures HECO fund
Huobi Ventures is a wholly owned subsidiary of the world’s second largest cryptocurrency exchange, Huobi Group is focused on increasing the company’s investment portfolio and providing long-term support to innovative blockchain projects.
Huobi Ventures HECO Fund primarily invests in upstream and downstream initiatives of the global blockchain industry. In addition to its trading activities, its investments also cover primary market, quantitative secondary market funds, investment banking, incubators, asset management, portfolios, mining, suppliers of market data, global community, media, cybersecurity, public channels, DAPP and platforms, regulation, talent recruitment, training and research.
Torum is the world’s first DeFi + NFT integrated social media platform specifically designed for cryptocurrency users. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital and 15 other leading crypto VCs, Torum is now one of the fastest growing crypto social media platforms with an impressive monthly growth rate of users of 20 to 30%.
Torum’s social networks
Twitter | Telegram | Average | Facebook
Media contact details
Contact Name: Jayson tan
Contact email: [email protected]
Torum is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer.