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Huobi Group Announces the Launch of its Huobi Ventures Fund

 


Huobi Group, one of the world's leading crypto companies, has announced the launch of its “Huobi Ventures” investment fund.

The subsidiary will have a $ 100 million investment fund that will focus on growing Huobi's investment portfolio and supporting various blockchain projects through long-term investment strategies.

The new investment arm will put $ 100 million in blockchain and decentralized financing projects, DeFi, in its early stages over the next three years.

The fund is also expected to be used to make strategic acquisitions to diversify and expand the "Huobi" portfolio and to create a dedicated non-exchangeable tokens (NFT) fund worth $ 10 million.

Huobi Ventures integrates a number of existing investment vehicles including Huobi Eco Fund, Huobi Capital and Huobi DeFi Labs together.

The new entity is now expected to lead Huobi's investment strategy.

The new Huobi Ventures Fund is Huobi’s latest move to diversify its operations away from trading.

This comes after the recent launch of "Huobi Tech", a separate cryptocurrency-linked fund for institutional investors.

Lily Zhang, Huobi Group CFO, told a press release:

We have already made significant progress in our investments.

The formation of "HUOBI VENTURES" is a step that shows our concerted efforts to accelerate our growth at a focal point of "HUOBI".

We have separate teams focused on different investment strategies, but by bringing them all together into one entity, we can create a more cohesive strategy and continue to invest and support the most innovative projects that are shaping the blockchain and decentralized financing DEFI spaces.

 Investing in NFT:

Of the $ 100 million, $ 10 million will be used specifically to invest in the NFT market.


About the NFT blast, “Zhang” stated:

NFT is the future of art and digital collectibles, but it is also giving content creators such as musicians and artists a new way to interact with fans and introduce blockchain to ordinary audiences.

While NFT has already become a growing part of internet culture, what we will see in the market today is only a fraction of what is really possible with NFT.

As an immutable way to establish the trustworthiness and ownership of digital files, we will see use cases increasing usage across games, media, enterprises, and more in the near future.

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