{"id":29621,"date":"2022-06-10T18:09:29","date_gmt":"2022-06-10T22:09:29","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=29621"},"modified":"2022-06-10T18:09:52","modified_gmt":"2022-06-10T22:09:52","slug":"huobi-global-launches-1b-defi-and-web3-focused-investment-arm","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/huobi-global-launches-1b-defi-and-web3-focused-investment-arm\/","title":{"rendered":"Huobi Global launches $1B DeFi, Web3 focused investment arm"},"content":{"rendered":"\n
Huobi Global has launched a new investment arm focused on decentralized finance (DeFi) and Web3 initiatives<\/a>, demonstrating the growing interest in the blockchain economy among venture capitalists.<\/h5>\n\n\n\n
\"Huobi
Huobi Global launches $1B DeFi and Web3 focused investment arm <\/figcaption><\/figure>\n\n\n\n

According to a Huobi spokeswoman, the new investment arm, dubbed Ivy Blocks, has over $1 billion in crypto assets under control to deploy. The funds will be used to “discover and invest in innovative blockchain startups,” according to the company.<\/p>\n\n\n\n

Ivy Blocks will provide a variety of services to selected companies, including an asset management platform\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, a new blockchain incubator, and a dedicated research arm, in addition to funding.<\/p>\n\n\n\n

According to Lily Zhang, Huobi Global's chief financial officer, the firm's asset management department will make “liquidity investments” to enable DeFi and Web3 initiatives to get up and running.<\/p>\n\n\n\n

Capricorn Finance, an automated market maker built on the Cube blockchain, was the first project to secure funding, according to Ivy Blocks. The company's interest in DeFi <\/a>comes at a time when the sector's overall worth has dropped by more than half from its peak.<\/p>\n\n\n\n

According to industry estimates, the DeFi business is currently worth just about $133 billion in total value locked, or TVL. In December 2021, DeFi TVL reached a high of $316 billion.<\/p>\n\n\n\n

\"\"
When measured in TVL, the DeFi sector is down 58% from its peak. Chart: DeFi Llama.<\/figcaption><\/figure>\n\n\n\n


DeFi's problems are a sign of the market's so-called crypto winter, which has been sweeping the industry since the beginning of 2022.<\/p>\n\n\n\n

Market-cleansing down cycles, according to analysts, are beneficial since they frequently follow “irrational” periods in which asset values are aggressively bid up.<\/p>\n\n\n\n

Despite the downturn, venture capitalists continue to pour money into the crypto space<\/a>, with Web3 and metaverse play receiving the most attention. <\/p>\n\n\n\n

According to Cointelegraph Research, $14.6 billion was invested in blockchain and crypto projects in the first quarter alone. To put it in context, total venture capital investment in 2021 is expected to be around $30.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Huobi Global has launched a new investment arm focused on decentralized finance (DeFi) and Web3 initiatives, demonstrating the growing interest in the blockchain economy among venture capitalists. According to a Huobi spokeswoman, the new investment arm, dubbed Ivy Blocks, has over $1 billion in crypto assets under control to deploy. The funds will be used […]<\/p>\n","protected":false},"author":12,"featured_media":29628,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[197,10588,6795],"class_list":["post-29621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-defi","tag-huobi-global","tag-web3-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-88.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=29621"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/29628"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=29621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=29621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=29621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}