Huobi Ventures launches $10M fund for early-stage GameFi investment

Huobi Ventures launches $10M fund for early-stage GameFi investment

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....


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