Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks
Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with the objective of making a “better, more inclusive” Web3 ecosystem. Huobi Enters the Web3 Investing Scene With Ivy Blocks Web3 has become a thriving nascent industry with lots of crypto exchanges and VC firms joining the trend. Huobi, a top ten cryptocurrency exchange in....
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The bear market in crypto hasn’t deterred venture capital firms from investing heavily in blockchain and Web3 projects. Digital asset exchange Huobi Global has spun out a new investment arm focused on decentralized finance (DeFi) and Web3 projects, further highlighting venture capital interest in the blockchain economy. Dubbed Ivy Blocks, the new investment arm has over $1 billion in crypto assets under management to deploy, a spokesperson for Huobi confirmed. These funds have been earmarked for “identifying and investing in promising blockchain projects,” the company said. In addition to....
Huobi Group, one of the largest blockchain companies in the world, announced earlier this week that it would launch Huobi Ventures, a new subsidiary that will focus on Huobi’s investment portfolio in the blockchain space. With a $100 million portfolio, the Chinese subsidiary group will look to invest in early-stage blockchain and decentralized finance (DeFi) […]
Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA gaming companies such as Sega, Ubisoft, and Bandai Namco, will start validating blocks from all nodes in preparation for its definitive activation slated to happen on November 8th. Oasys Launches Mainnet Operations Oasys, a blockchain project that aims to serve gaming companies by offering fast transactions with zero fees, has taken its first step towards being fully operational. The company recently announced that it....
The startup fund, which is backed by Babel Finance and Huobi Ventures, will back emerging projects that are building for the Web3 and metaverse economies. Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet. NGC Metaverse Ventures, the company’s third blockchain fund, raised $100 million from investors that included Babel Finance, Huobi Ventures, Nexo Ventures, Altonomy and GBIC. The fund will allocate capital towards....
Developers continue to find new ways to combine digital assets and gaming, and investors are taking notice. Huobi cryptocurrency exchange’s dedicated investment arm, Huobi Ventures, has set up a $10-million fund to invest in early-stage GameFi projects that combine decentralized finance (DeFi) features with gaming.The fund will provide direct investment to projects that integrate blockchain gaming with DeFi mechanisms. The GameFi business models allow users to earn dividends through features including “play to earn.” On Aug. 5, Cointelegraph reported on a $100-million fund allocation by....