The large crypto exchange wants to take a stab at DeFi and Web 3 development through the new investment arm.
Huobi, the near-decade-old cryptocurrency veteran, has established a new investment arm, called Ivy Blocks, that will focus on supporting the growing ecosystems of decentralized finance and Web 3-based blockchain protocols.reads that the new feature will “focus on identifying and investing in promising blockchain projects to help unlock their growth potential, serving to boost innovation and development in the DeFi and Web 3 world.
Ivy Blocks will evaluate projects by their ideas, and provide them with the necessary tools to succeed, said the PR.
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