Huobi allocates $100 million to facilitate adoption of Metaverse technology
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Answer Huobi allocates $100 million to facilitate adoption of Metaverse technology
To accelerate the development and adoption of the Metaverse, Huobi, a prominent cryptocurrency exchange, announced the launch of a $100 million Lunar New Year investment fund.
The new campaign dubbed “Prime Fest: Tiger Year” will run until February 14, 2022.
According to Huobi, the $100 million in prizes and rewards include access to the new metaverse listings under Primelist, high-yield asset management products called PrimeEarn, and the PrimeBox special fund.
In addition, the cryptocurrency platform will give an opportunity for participants to register for decentralized identifiers or personal virtual identities in the Metaverse.
The latest announcement from Huobi came nearly 4 months after the digital asset trading platform announced a $10 million fund to invest in decentralized gaming startups GameFi.
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Huobi co-founder Doo Jun said:
Our focus on the metaverse reflects our intentions to provide a more enjoyable and unique crypto experience.
We are not just another instant trading platform.
We pride ourselves on our diverse range of products and services, and the promotions we run are designed to play up the trading experience and make it more enjoyable.
In September 2021, Huobi expanded its range of trading services, including offering Huobi derivatives.
Huobi explained that the company’s designed DIDs act as a link between Web 2.0 and Web 3.0.
Huobi aims to capitalize on the growing Metaverse ecosystem.
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