{"id":9904,"date":"2021-09-14T21:38:07","date_gmt":"2021-09-14T20:38:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9904"},"modified":"2021-09-14T21:38:18","modified_gmt":"2021-09-14T20:38:18","slug":"huobi-ventures-launches-fundraiser-for-gamefi","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/huobi-ventures-launches-fundraiser-for-gamefi\/","title":{"rendered":"Huobi Ventures launches $10M fundraiser for GameFi"},"content":{"rendered":"\n
Huobi Ventures' cryptocurrency exchange <\/a>dedicated investment arm in a bid to combine digital assets and gaming has established a $10 million fund to invest in early-stage GameFi businesses.<\/h5>\n\n\n\n
\"Huobi<\/figure>\n\n\n\n

The fund will make direct investments in initiatives that combine blockchain gaming with decentralized financial infrastructure. Users can earn dividends using GameFi's business methods\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which include “play to earn” features.<\/p>\n\n\n\n

Huobi Ventures allocated a $100 million fund to DeFi initiatives focused on asset management, according to Cointelegraph on Aug. 5. Huobi Group, its incubator program, Huobi X Center, and Huobi Eco Chain will fund and support the projects selected for Huobi's investment (HECO).<\/p>\n\n\n\n

Huobi will also provide PR help, financial and legal guidance, technical support for project deployment, and commercial aid to the investee firms and projects.<\/p>\n\n\n\n

Huobi Ventures director Unica Yin told Cointelegraph that the gaming industry's play-to-earn model has experienced stratospheric growth:<\/p>\n\n\n\n

\u201cWe think that going forward, blockchain technology has the potential to revolutionize gaming business models and will play a core role in the next generation of games<\/a>.\u201d<\/p><\/blockquote>\n\n\n\n

Huobi Ventures has so far opened three funds: one for blockchain technology, one for HECO Ecology, and one for nonfungible tokens (NFT). Huobi's investment fund, Yin hopes, will aid in the development of important GameFi projects.<\/p>\n\n\n\n

She stated, “We will provide support and resources to help these projects scale and make use of the Huobi Group's ecosystem.”<\/p>\n\n\n\n

Crypto Gaming United, an NFT-focused<\/a> gaming community, raised $5 million in seed funding from oversubscribed investors as the play-to-earn concept in DeFi gaming gains traction.<\/p>\n\n\n\n

DeFi Land, a blockchain gamification platform, announced on Thursday that it has received $4.1 million in funding to launch a new DeFi game on the Solana blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"

Huobi Ventures’ cryptocurrency exchange dedicated investment arm in a bid to combine digital assets and gaming has established a $10 million fund to invest in early-stage GameFi businesses. The fund will make direct investments in initiatives that combine blockchain gaming with decentralized financial infrastructure. Users can earn dividends using GameFi’s business methods , which include […]<\/p>\n","protected":false},"author":12,"featured_media":9914,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,21],"tags":[4392,2095,368],"class_list":["post-9904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","category-news","tag-fundraiser","tag-gamefi","tag-huobi"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Huobi-Ventures-launches-10M-fundraiser-for-GameFi.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9904","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=9904"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9914"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}