Huobi Tech Capital, the strategic investment and M&A division of Huobi Technology Holdings Limited (“Huobi Tech”, stock code: 1611.HK), issued a research report titled “Current Situation and Future of crypto Asset Market” (the “report”) in June 2022. Combined with the new development of the blockchain industry since 2021, the report divides the crypto assets industry into five major infrastructures and 18 segments aiming at the Web 3.0 world. The report analyses the current situation of DeFi, NFT, GameFi, DAO and other key sectors, and makes forecasts for the development trends.
According to the report, with the large-scale popularization of decentralized storage technology represented by IPFS protocol and 5G network, the interconnection of everything and m-etaverse industry based on mixed and augmented reality is on the eve of an explosion. The verse will be closely related to the crypto industry, in which the NFT, GameFi and DAO sectors based on blockchain technology will be indispensable parts of the m-etaverse. Currently, the -verse is still in its infancy stage, and its infrastructure and technology still need to be developed.
For NFT, the report believes that the future development of NFT is mainly hampered by its low liquidity, although there are attempts to improve the liquidity in the market. It is proven that NFT is a niche market, which will affect its future development. At the same time, as the NFT does not have spot prices, the lack of agility and convenience in its pricing mechanism is also a hindrance to its future growth.
As for the GameFi, the report indicates that its popularity has subsided, and it seems to have reached a plateau in its development. Besides, since GameFi is considered to be one of the important components of the m-etaverse, its future development is likely to be dependent on and combined with the development of m-etaverse technologies, and by then, GameFi may usher in its own unique era.
The report predicts that in 2022, Web3.0 is definitely the indicator of the crypto market. Whether it is the verse or infrastructures of DAO, both are the fundamental, necessary infrastructures to build the Web3.0 world. Hence from their development status, the crypto world’s trend can be well predicted.
Huobi Tech Capital is the strategic investment and M&A division established by Huobi Tech in April 2022. It is committed to capturing opportunities of Web3.0, DeFi, m-etaverse and other related segments.
Huobi Tech Capital focuses on early-stage projects that follow industry trends and strategic acquisitions that help strengthen the company's own blockchain ecosystem business. Recently, it has successfully deployed in GameFi and recently completed a project investment in the family office digital asset service platform.
Huobi Tech was listed on the Main Board of the Stock Exchange of Hong Kong Limited in November 2016. Actively developing the blockchain ecosystem and virtual asset ecosystem, Huobi Tech is committed to becoming the leading one-stop compliant digital asset service platform. Huobi Tech currently offers data center services, cloud-based services, SaaS, virtual asset management, custody, trust, lending, OTC brokerage, and trading platform services.