Huobi Ventures Weekly Report #8

Huobi Ventures Weekly Insights

Insight provided by Evans HuangFu of Huobi Ventures

NFT Liquidity & Right Management

As the name suggests, non-Fungible tokens (NFTs) are unique digital assets. We have witnessed a craze of “NFT Summer” with a monthly trading volume of $3.16 billion on OpenSea in August 2021.

NFT offers digital artists an alternative way to make a living. Before the explosion of blockchain technology, digital art might not capture much value because of the ease of duplication. By making digital items scarce, more collectors are taking an interest in the digital space, driving up the value of NFT. The problem, however, is that the unique nature (non-fungible, non-divisible) of each NFTs makes them hard to exchange with other assets, and therefore hard to be priced. As a result, the surge in demand over a short period leads to a shot up in price of NFT collectibles.

Therefore, NFT, as a competitive/charming asset, still has some Unavoidable flaws:

• The lack of liquidity results in high slippage

• Hard to be used as a good collateral since it lacks transaction activities

• Significant capital expenditure is required to have a chance of getting a high-end/popular NFT

Fractionalization seems to be a potential solution to the problems mentioned above. NFT fractionalization protocols are creating fungible and divisible tokens to liquidize a single NFT. However, it is still hard to define what is the difference between holding 1% fractions and holding 30% fractions. On the other hand, fractionalized arts could be considered as a security token, thus it will be regulated by SEC. NFT space is still at a very early stage, and the regulatory pressure would mount on existing fractionalization protocols as it becomes more mature.

Huobi Ventures Latest Update

Happy 8th Anniversary Huobi!

We’ll continue to grow and we won’t stop growing as we strive to make ourselves better each year. This year’s for the fans and for the world!

Stay tuned for epic events on the way! we’ll show you what truly means!

Details

Portfolios Weekly Status

[Acala]

Acala recap of September. Details

[All Art]

Soulless will be verified on solsea.io from the day of launch, facilitating safe and secure NFT transactions with ZERO listing fees. Details

[Astar Network]

Astar Network announced $30M Astar/Shiden Ecosystem Growth Fund and announced Astar v2.0. Details

[Animoca Brands]

Hex Trust has raised US$10 million in an investment round led by Animoca Brands. Details

[AntiMatter]

AntiMatter integrating with SushiSwap on arbitrum on Oct. 8th. Details

[Biconomy]

Biconomy will have a token sale on CoinList on Oct 14. Details

[Clearpool]

Clearpool will hold AMA for Korea Community. Details

[CoFiX]

CoFiX v2.1 has suspend trading, the recovery plan will be determined according to the policy. Details

[Cyclos]

Cyclos has achieved strategic partnership with Slope Wallet. Details

[Divergence]

Genesis Non-Fungible DIVERs have arrive. Details

[InsurAce]

· Dune Analytics has integrated InsurAce.io onto its platform. Details

· InsurAce is to be deployed on Avalanche. Details

· InsurAce has latest partnership with Liquity Protocol. Details

[Linear]

Linear council election process published. Details

[Mercurial]

Larix is live on Mercurial. Details

[Oasis]

A new research paper co-authored by Dawn Song, Bennet Yee with Patrick McCorry & Chris Buckland will be presented at Consensus Days 2021. Details

[OpenOcean]

OpenOcean hits spooky waters with Fantom aggregation. Details

[Optimism]

Optimism will give away $1 million to Ethereum public goods for their amazing contributions to the community. Details

[PoolTogether]

Audit preview for PoolTogether V4 is live. Details

[Project Seed]

Taking one step to BSC Integration this week kicks off our first #Multichain gaming ecosystem. Details

[Torum]

Torum (XTM) in now on Binance Smart Chain. Details

[Vee Finance]

Vee.Finance V2 mainnet will launch on Avalanche. Details

[xNFT]

New Updates.

1/ Add statistics function on project details page.

2/ Add filter sorting search in project details page.

3/ Collection list support quick purchase and bid function. Details

About Huobi Ventures

Led by Huobi CFO Lily Zhang, Huobi Ventures is a wholly-owned subsidiary of Huobi Group focusing on Huobi global investment. Composed of four divisions — strategic M&A, strategic investment, asset management and global cooperation, Huobi Ventures has already launched three funds targeting typical fields: Blockchain, HECO and NFT. We aim to empower further growth of Huobi Global, and create a global community with our partners for mutual benefits.

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