| The name of the base system (platform): | Blockchain Technology Projects |
| Developers: | Huobi |
| Date of the premiere of the system: | 2021/11/01 |
| Branches: | Internet services |
Main articles:
2021: Launch of Huobi NFT marketplace
Huobi Group on November 1, 2021 announced the launch of a trial version of Huobi NFT, a marketplace for non-replaceable tokens (NFT), which allows users to purchase works of art, collectibles and other digital goods on NFT. The launch of the Huobi NFT marketplace is an important stage in the implementation of the Metaverse strategy, one of such stages was the launch of the Huobi Ventures GameFi fund with a budget of $10 million. The marketplace will help add an asset class to the group's diverse portfolio of blockchain and cryptocurrency-oriented products, and will also play an important role in Huobi's global expansion strategy.
Huobi's NFT marketplace will help the company capitalize the nascent but rapidly growing market - throughout 2021, NFT has shown explosive growth. According to NonFungible.com, by July 2021, sales in the NFT market reached $2.5 billion, compared with only $13.7 million in the first half of 2020. As NFT projects gain popularity - from celebrity platforms to collectibles related to games - the growth of the market is also accelerating. Examples include how decentralized finance (DeFi) grew in 2020, attracting the attention of both retail and institutional investors.
To support projects in this emerging market, Huobi has scaled its capabilities and services across all aspects of the NFT space, including investment and project incubation.
 | The explosive growth we see in the NFT market is comparable to the growth of public networks and DeFi over the past few years, "said Jeff Mei, strategic director of the Huobi Group. NFT has shown the world a large range of blockchain capabilities. The concept of NFT as a constant proof of ownership is very powerful, so we look forward to seeing where this market leads us. |  |
Huobi's NFT marketplace will focus on three basic principles that are consistent with the company's global strategy, user commitment and desire to protect their assets:
- Diverse sectors and partners. Huobi NFT marketplace will be home to various NFT, including games, art, animation and music. Marketplace will also collaborate with leading celebrities, artists, performers and other representatives of intellectual property.
- Focus on local markets. While many NFT marketplaces are designed to attract users from around the world, Huobi NFT will adapt the user experience and select offerings based on the trends and preferences of each market.
- Support for the Huobi Group ecosystem. With the unique ecosystem and assistance of the Huobi Group, trade the Huobi NFT site will be able to provide substantial support and resources to meet the needs of its partners and users.
| | Huobi is working on projects in the GameFi and NFT markets, so the launch of the Huobi NFT trading platform has been in operation for some time. We look forward to presenting this project to the global community, "Jeff Mei added. | |
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