Huobi Ventures

History

2022: Investment in Zuki Moba and Project SEED

By July 2022, the Huobi Foundation had invested in two major GameFi projects - Zuki Moba and Project SEED, and also shone tokens for Decimated (DIO) and ERTHA games.

2021: Launch of a $10 million fund to invest in GameFi projects

Huobi Ventures, the global investment division of Huobi Group, on September 17, 2021 announced the launch of a fund with a budget of $10 million for investments in promising GameFi projects.

The creation of this fund follows the launch of the $100 million DeFi fund in May 2021. These initiatives are aimed at the rapid growth of the DeFi market and its role financing in projects with differentiated business models. Huobi Group, Huobi X Center and Huobi Eco Chain (HECO) will provide resources and support to startups to gaming on blockchain under this fund.

The GameFi concept has the potential to completely transform gaming business models. GameFi is a combined "Game + DeFi," meaning blockchain games integrated with DeFi mechanisms. GameFi business models allow players to receive a portion of the dividends from game development. Thanks to the GameFi model, users can earn money by playing and reselling various digital items. The industry, working on the principle of "play for the sake of earnings," is rapidly developing. Therefore, Huobi Ventures intends to contribute to the creation of interesting projects by investing in the GameFi industry. The nature of blockchain can make the virtual economics of such games more dynamic . Data on the blockchain is open and accessible, meaning developers can use it to explore business models based on digital assets.

Under the program, Huobi Ventures will provide individual support to investor companies and projects through the following:
1. Individual service plan. Huobi Ventures can provide marketing and PR support, financial and legal advice, and familiarity with potential partners.
2. Technical support for deployment on Huobi Eco Chain (HECO). HECO will provide full technical support for incubated projects.
3. Commercial assistance. For select projects, Huobi Global can provide a dedicated channel to list tokens and offer additional opportunities to increase brand awareness.

The Open Fund supports Huobi Ventures' goals of developing a blockchain ecosystem for the digital economy, and is also designed to help promote developers who are working on advanced GameFi projects. We will provide support and resources to help projects scale and leverage the benefits of the Huobi Group ecosystem, "said Yunika Yin, Director of Strategic Investment at Huobi Ventures. We hope this will allow more GameFi start-up projects to have an impact on the blockchain world.

As an investment arm of Huobi Global, Huobi Ventures has expertise in advanced technology development. Supernova, Immutable and Rangers Protocol were among the first GameFi projects Huobi Ventures invested in. Going forward, Huobi Ventures plans to support each of its projects to help reach the mass market. For September 2021, Huobi Ventures has launched three funds that will develop blockchain, the HECO ecosystem and non-replaceable tokens (NFTs).