Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with the objective of making a “better, more inclusive” Web3 ecosystem.Web3 has become a thriving nascent industry with lots of crypto exchanges and VC firms joining the trend.
the launch of its own investment arm to tackle these new markets. Ivy Blocks, as the exchange has named it, will have the task of identifying potentially successful Web3 and decentralized finance projects to incubate and nurture.According to a PR statement issued by the company, Ivy Blocks will have a multi-billion dollar war chest to complete its goal, something that makes it “well-placed to take advantage of unique opportunities in cryptocurrency markets globally.
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