A Glimpse into Huobi Ventures’ Portfolio Universe
Dear Friends of Huobi Ventures,
As the investment powerhouse of Huobi, Huobi Ventures has played a pivotal role in growing the cryptocurrency landscape by funding and supporting promising projects. As a global leading digital assets exchange since 2013, Huobi has the infrastructure and resources to provide expert advisory services, and empower our portfolio projects with access to Huobi’s extensive resource network, liquidity pool, and users. It’s been an exciting journey, to date, Huobi Ventures’ support has extended to over 200 projects spanning multiple disciplines, with some eventually being listed on Huobi.
Over the years, we have seen fast evolvement within the industry. To better facilitate the projects’ needs and improve efficiency, Huobi’s research and incubator arms will be merged into Huobi Ventures. This strategic shift has helped to increase the team’s deal transparency and enhance resource allocation, providing more robust support to all investment portfolios.
As we venture into the second half of the year, it’s exciting to reflect on the incredible growth our portfolio companies have achieved so far. Huobi Ventures has focused heavily on investing in Layer 1 and Layer 2 solutions. In pursuit to enhance Ethereum scalability, our team backed industry-leading projects like Arbitrum, Optimism, and zkSync, which currently dominate the top three in terms of Total Value Locked (TVL) in Layer 2 scaling network charts. We’ve also supported key interchain communication protocols like Connext.Network UA and deBridge, fostering efficient cross-chain applications for effortless funds and data transfer across various blockchains in the last few years.
Emphasizing the critical role of liquidity, Clearpool, a DeFi project in Huobi Ventures’ portfolio providing permissionless crypto lending and staking, recently reached a milestone of originating a total of US$400M in loans. This follows Clearpool’s April launch of its institutional-grade credit marketplace, which has been instrumental in attracting institutional-grade capital to Web3 through secure and reliable tools.
Huobi Ventures is proud to contribute to the blockchain ecosystem by encouraging ownership, quality content, gaming, and thriving communities. Our Move-to-Earn GameFi platform, Walken, has seen tremendous growth, surpassing 3.5 million registered users in May. It also launched a new P2E gaming ecosystem called CUZE, which is a hybrid-casual gaming platform centralized around Walken, powered by Web 3.0 technology.
Huobi’s incubation initiatives have sparked exciting developments. GoPlus Security, a start-up specializing in Web3 security infrastructure, has made significant strides in multidimensional risk detection capabilities across major networks, reaching a record 15 million daily queries through their APIs. This progress is a big step towards a safer Web3 environment.
Another standout from our incubator program, Gameta, has carved a successful niche in the Web3 NFT entertainment ecosystem. With 540,000 monthly active users, and its position as the most active dApp in the BNB Chain’s gaming category, Gameta is bridging the Web2 and Web3 worlds by offering infrastructure and distribution services for hyper-casual games.
As Huobi Ventures move into the latter half of 2023, we remain unwavering in our commitment to build and enhance the Web 3.0 ecosystem, irrespective of market fluctuations. We see the challenging times as opportunities for innovation and resilience. In fact, we’ve noticed a surge of promising projects emerging during these so-called ‘winter’ periods, and we are thrilled to lend our full suite of support to ensure their success.
As the evolution of the Web 3.0 ecosystem unfolds, Huobi Ventures is looking forward to continuing playing a pivotal role in driving this evolution and shaping the future of this dynamic industry.
Huobi Ventures Team
