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Huobi Ventures predicts the development prospects of the global blockchain industry

Huobi Ventures predicts the development prospects of the global blockchain industry.

Huobi Ventures has released its latest report summarizing and overviewing the developments of the blockchain industry over the past year. This is also the report released on the one year anniversary of the consolidation of investment funds in Huobi Ventures and the establishment of a fund to support early-stage blockchain projects, decentralized finance projects (Defi) with a total value of worth $100 million.

Last year, the global blockchain and cryptocurrency industry experienced transformational changes. Bitcoin’s market cap has crossed the trillion USD mark, the popularity of NFTs has skyrocketed, and leading GameFi companies such as Axie Infinity, Animoca Brands, and YGG have achieved impressive milestones of their own.

However, the rapid growth also brings with it many problems such as a security incident that resulted in over $2 billion in property damage. And in the early months of 2022, the blockchain industry got off to a rough start as the Russia-Ukraine conflict and concerns about the Fed’s tightening of monetary policy hit the market.

How should investors prepare for market uncertainties? This report by Huobi Ventures will analyze the main events that happened in the past year and the upcoming events of 2022.

In 2022, Web 3.0 is predicted to receive a lot of attention thanks to its decentralized structure and underlying blockchain infrastructure that can solve the common problems of Web 2.0 related to the division of value. , privacy, bandwidth, storage handling, and authorization. A new generation of internet technology can overcome the limitations of existing infrastructure and open up entirely new possibilities within the next 5-10 years.

While Ethereum remains the platform used by most users, competitor chains have continuously evolved to meet the expanding needs of the market, and multi-chain networks are becoming more and more important. And while USDT continues to dominate the market as the top stablecoin, the advantage of USDC is that it can both satisfy regulatory needs and interoperate freely with assets. New DeFi. Unsecured lending protocols offer institutional liquidity and capital efficiency, and represent enormous potential in the face of a market overwhelmed by over-collateralized lending protocols. .

The value of NFT in 2022 is shifting from simple encryption and art collection to proof of ownership and membership in the burgeoning Web 3.0 economy. Although low liquidity and weak transaction pool still hold back its growth, their value in the form of social tokens will play an important role in the world of Web 3.0 and GameFi. As GameFi transforms the traditional method of game play by introducing new concepts such as ownership, interoperability and play to earn, NFT will serve as their primary guaranteed gateway to the world of Web 3.0.

Despite uncertainties in the global macroeconomy, crypto market fundamentals continue to grow stronger than ever. More and more institutions are dedicating a portion of their portfolios to Bitcoin in the face of high inflation and when investor sentiment is not ready for other asset classes. Aside from these factors, the ever-improving regulations and policies of governments around the world are setting the stage for long-term growth in the cryptocurrency industry.

See the full report here.

About Huobi Ventures

Huobi Ventures is a wholly owned subsidiary of Huobi Group that focuses on global investments. Huobi Ventures’ structure is divided into 4 business areas: Strategic investment; strategic mergers and acquisitions; Asset management and global collaboration.

To date, Huobi Ventures has owned three investment funds focusing on Blockchain, HECO Ecosystem and NFT. Huobi Ventures was established to contribute to the development of Huobi Group and create a global ecosystem with partners.

For more information, please visit: https://huobi-ventures.medium.com/ or https://twitter.com/HuobiVentures/

About Huobi Global

Huobi Global is one of the world’s leading corporations in the field of cryptocurrency. Huobi Group was founded in 2013 with the mission of creating breakthroughs in core blockchain technology and integrating blockchain technology and other industries.

Huobi Group has expanded its products and services to public blockchain, digital asset trading, e-wallet, mining pool, proprietary investment, project incubation, digital asset research, etc Huobi Group has established a global digital ecosystem through investments in more than 60 upstream and downstream companies in the blockchain industry.