Huobi Ventures – the investment fund of Huobi exchange – has officially established a GameFi fund worth USD 10 million to invest in the first phase of this project.
Recently, Huobi Ventures announced that they will invest directly in game projects that are applied blockchain technology. The long-term goal of the fund is to promote the development of the GameFi fund to catch up with the play to earn trend in the future.
Game projects integrating blockchain technology invested by Huobi Ventures always have support from Huobi exchange in many aspects. One of them can be mentioned as: communication, consulting on financial or legal issues. In some cases, GameFi funds are also provided with technical and commercial support to help the project reach more people.
Director of Huobi Ventures, Unica Yin also shared about the future trend of game development. One of the trends that this director is most interested in is play to earn – a trend that has been recognized for strong growth in the gaming industry today. He said:
“We understand that blockchain technology has the potential to revolutionize gaming business models in the not too distant future. It will play a core role in the next generation of gaming that will help the industry thrive.”
He also mentioned Huobi Ventures’ long-term goal of investing in GameFi. Yin affirmed to help build blockchain-integrated game projects with the potential to make a global impact on the entertainment gaming industry.
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