Huobi Ventures Weekly Report #23

Huobi Ventures Weekly Insights

Insight provided by Rachel of Huobi Ventures

The recent NFT market situation and disputes in some communities have given us some time to think about many issues, such as what kind of NFT distribution method is more in line with the market demand, what kind of distribution platform is more in line with the concept of decentralization, where the intersection of NFT and gamefi will lead us and how to play the carrier role of NFT.

Let’s start with the functionality of NFT. At present, there are mint, trading and lending operations for NFT, but we find some special trends in recent projects. That is, NFT could have playable, composable and programmable features, and these functions can be implemented on the trading platform. Although the development of NFT function is more explored, it still means a lot. Perhaps we will expect one that can meet our needs for casual games on NFT, use multiple NFTs to combine the complete map, and realize the basic calculation on NFT as a part of the complete structure.

As for the platform, we can see the challenges to opensea in two different directions. One is to encourage the entry of projects, and the other is to encourage transactions. We are glad to see that the NFT trading market is not monopolized by a centralized company. Any attempt to decentralize will promote the healthy development of the NFT market. In the new year, we will continue to pay attention to the NFT track and its potential new development trend. We believe this will bring a new alpha opportunity to the market.

Huobi Ventures Latest Update

Huobi Ventures and Huobi Incubator teams attended to ETHDENVER after party.

Portfolios Weekly Status

[Animoca]

Animoca Brands and its subsidiary GAMEE announced that the GAMEEToken (GMEE) is listing on the HuobiGlobal crypto exchange today, paired with Tether (USDT). Details

Animoca Brands and Play Magnus Group (PMG) partner to bring chess into the metaverse. Details

[Boba Network]

Boba Network $BOBA has been listed in HuobiGlobal Pioneer Zone from Feb 16. Details

About Huobi Ventures

Huobi Ventures is focused on growing its venture investment portfolio and supporting blockchain projects through long-term investment strategies.Huobi Ventures aims to identify strategic opportunities across different blockchain verticals to complement and expand Huobi’s product offerings. Acquisitions will be integrated into Huobi’s growing suite of blockchain-enabled applications and services to expand the business into new markets.

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