London, UK –News Direct– Huobi Ventures
Huobi Ventures, the global investment arm of Huobi Group, today announced the release of the company Annual Summary and Outlook Report. The report marks a year since Huobi Group merged various investment businesses into Huobi Ventures and defined US $ 100 million funding for early stage blockchain and financial decentralization (DeFi) projects.
The past year has seen transformative changes for the global blockchain and cryptocurrency industry. The Bitcoin market capitalization exceeded the trillion dollar mark, the popularity of NFT increased, and leading GameFi companies such as Axie Infinity, Animoca Brands, and YGG achieved milestones of their own. However, the rapid growth also opened up problems in the industry, including a security breach that resulted in asset losses of more than US $ 2 billion. And in the past few months, the blockchain industry got off to a rocky start as the Russia-Ukraine conflict and fears of tightening the Fed’s monetary policy put the market on edge.
With market uncertainty, how should we prepare for next year? Huobi Ventures Annual Summary and Outlook Report describe important events that have occurred over the past year, and provide insight into what to expect in 2022.
The highlight of 2022 is Web 3.0, whose decentralized structure and underlying blockchain infrastructure can solve common Web 2.0 issues related to value distribution, privacy, bandwidth, storage and authorization processes. New generation internet technologies can exceed the limits of existing infrastructure, and open up new possibilities over the next 5-10 years.
While Ethereum remains the dominant platform player, a chain of competitors has evolved to meet the needs of emerging markets, and multi-chain networking is becoming more important. And while the USDT continues to dominate as the leader of stablecoin, the USDC has its own advantages in being able to meet regulatory demands and interact freely with new DeFi assets. Unsecured lending protocols, which offer capital efficiency and institutional liquidity, present great potential in the face of a market inundated by over-collateralized lending protocols.
The value of NFT in 2022 is changing from simple encryption and art collections to proof of ownership and membership in the growing Web 3.0 economy. While low liquidity and a shallow trading pool are still holding back growth, its value as a social token will play a critical role in Web 3.0 and the GameFi world. As Gamefi transforms traditional gaming by introducing new concepts such as ownership, interoperability and play to achieve, NFT will secure its place as a major gateway to the world of Web 3.0.
Despite the turmoil in the global macro economy, the fundamentals of cryptocurrencies continue to grow stronger than before. More and more institutions are setting aside a portion of their portfolios for Bitcoin in the face of inflation and weak investor sentiment for other asset classes. These factors, combined with mature government regulations and policies around the world, set the stage for long -term growth in the cryptocurrency industry.
Download the full report here.
About Huobi Ventures
Huobi Ventures is a subsidiary of Huobi Group that focuses on global investment. The structure of Huobi Ventures is divided into four business lines: Strategic Investment, Strategic M&A, Asset Management, and Global Cooperation. To date, Huobi Ventures has launched three funds to focus on Blockchain, HECO Ecology, and NFTs. Huobi Ventures aims to drive growth for the Huobi Group and create a global ecosystem with our partners. For more information, go to: https://huobi-ventures.medium.com/ or https://twitter.com/HuobiVentures/
About Huobi Group
As the world’s leading blockchain company, Huobi Group was founded in 2013 with a mission to make breakthroughs in core blockchain technology and further integrate blockchain technology with other industries. Huobi Group has expanded its products and services into public blockchain, digital asset trading, wallets, mining pools, proprietary investments, project incubation, digital asset research, and more. Huobi Group has created a global digital ecosystem through investments in more than 60 upstream and downstream companies in the blockchain industry. For more information, go to: https://www.huobi.com/
Contact Details
Ker Zheng
+86 139 2280 3249
Company website
https://huobi-ventures.medium.com
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