Crypto Exchange Huobi Global Establishes Investment Division Focused on DeFi & Web 3.0
Digital asset trading platform Huobi Global announced today that it is launching a new DeFi and web 3.0 ecosystem investment arm called Ivy Blocks. Ivy Blocks will concentrate on locating prospective blockchain initiatives and making investments in such startups in order to assist them to realize their growth opportunities.
This will serve to stimulate innovation and progress in the area of DeFi and web 3.0. Ivy Blocks will be in a strong position to capitalize on one-of-a-kind openings in cryptocurrency marketplaces throughout the world because to its war chest consisting of many billions of dollars.
Merely 8% of the 86,000 bitcoin ventures that are registered on Github have been successful, as per research conducted by Deloitte. Ivy Blocks is of the opinion that harsh circumstances and a lack of support are contributing factor to the fact that upcoming DeFi ventures fail to get off the ground.
Ivy Blocks’ mission is to encourage and foster the growth of burgeoning DeFi initiatives. To this end, it provides truly worthy initiatives with the most persuasive suggestions and access to a wide variety of additional services, ensuring that these projects are equipped with all of the components necessary for their accomplishment. Ivy Blocks will launch with three key facilities: the Liquidity Investment Department, which will function as a portfolio management framework for smart DeFi mining and income aggregation;
Ivy Labs, which will be a groundbreaking crypto and blockchain innovation lab; and Ivy Research, which will concentrate on blockchain and cryptocurrency studies. Together, these facilities will provide full solutions for promising ventures. These offerings will include, among other things, investments in liquid assets, aid with venture advancement, technical consultation, professional mentoring, support with token listings, and post-investment administration.
Ivy Blocks was founded with the intention of leveraging on the fast-expanding crypto market, which has seen its market cap soar to $1.25 trillion in recent years. This was the primary motivation behind the company’s decision to launch its services in the DeFi and web 3.0 spaces. To give you an idea of how near cryptos are to transforming into one of the world’s main asset categories, the market cap of gold is now approximately $11.7 trillion, so that gives you an idea of how similar cryptocurrencies are.
According to the Chief Financial Officer of Huobi, Lily Zhang, “many potential ventures tend to confront liquidity restrictions and a shortage of go-to-market assistance, both of which offer substantial impediments to expansion.” It is beyond a doubt that our emphasis on providing such startups with liquidity investments and incubation facilities will assist to the creation of a stronger and more accessible blockchain environment for web 3.0 and DeFi.
Ivy Blocks will act as a mechanism to assist propel Huobi’s larger Web3 vision since DeFi continues to be one of the biggest and most promising applications that a decentralized internet provides. This is because Ivy Blocks is based on the Ethereum blockchain. Capricorn Finance is an AMM-based decentralized marketplace that is built on Cube, and it is one of the initial projects that Ivy Blocks will be providing assistance for. Ivy Blocks, which manages crypto assets valued at over one billion US dollars, will be in a strong place to assist young initiatives such as Capricorn Finance reach their full capability while also contributing to the growth of the blockchain space. This will allow Ivy Blocks to add value to the industry’s evolution.