Huobi Ventures Weekly Report #27

Huobi Ventures Weekly Insights

Insight provided by Evans of Huobi Ventures

The Guilds under the GameFi Ecosystem

The concept of guilds has been around since the days of traditional games, and the Play to Earn element has pushed the financialization of entertainment to the top in the context of COVID-19.

Looking back on 2021, the guild sector has had a very bright performance, with YGG and Merit Circle becoming household names in the field of chain games. As of March 13, leading guilds such as YGG and Merit Circle still maintained a fully diluted market value of more than $2 billion respectively. However, guilds as a whole are growing much slower than their Roadmap, possibly because they are raising too much money from the market — Merit Circle raised more than $100 million through LBP. Most guilds are more like venture capital firms that focus on the NFT gaming sector under the guise of guilds. In addition, Scholars in the guild, similar to liquidity providers in DeFi, are mercenaries who are profit-seeking and the existing guild model is difficult to maintain user engagement.

We see the next generation of guilds as a one-stop service platform with DAO management tools, Learn to Earn, LaunchPad, Web3.0 Credential, NFT Leasing, and Gamefi data analytics to help on conversion from web2.0 to web3.0, thereby expanding the entire Gamefi user base. Achieving such a one-stop platform may rely on composability between protocols. In addition, we believe that The African and Latin American markets will be an important driver of Gamefi’s next explosion.

Huobi Ventures Latest Update

Portfolios Weekly Status


Antimatter Structured is coming to Avalanche Network. Details


Automata announced their partnership with SubQuery Network. Details

[Boba Network] Crypto Social Network For Investors will be Listing Boba Network. Details


CLV had formed a deep partnership with Connext the interoperability protocol of L2 Ethereum. Details


deBridge announced a partnership with 1inch Network that finally enables cross-chain swaps from any arbitrary asset to another in one transaction. Details


NAOS Completes Mainnet Integration with Tidal Finance. Details


Paradigm and a16z back Ethereum scaling startup Optimism at $1.65B valuation. Details

Equalizer will deploy Flash Loans on Optimism. Details


Parasset is now listed on Nabox. Details

[Voice Street]

Voice Street announced partnership with Reign of Terror. 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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