Share this article
BTC
$76,565.02
-
7.61%ETH
$1,502.90
-
16.07%USDT
$0.9992
-
0.02%XRP
$1.7922
-
14.16%BNB
$542.29
-
7.79%USDC
$0.9999
+
0.02%SOL
$101.28
-
15.24%TRX
$0.2251
-
5.33%DOGE
$0.1384
-
15.90%ADA
$0.5483
-
14.26%LEO
$8.9302
-
2.06%TON
$2.9811
-
9.32%LINK
$10.81
-
14.41%XLM
$0.2171
-
12.85%SHIB
$0.0₄1089
-
9.79%AVAX
$15.38
-
11.09%OM
$6.1736
-
0.92%SUI
$1.8270
-
15.36%HBAR
$0.1351
-
14.17%BCH
$260.66
-
11.75%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Huobi Launches Its NFT Marketplace Trial
Huobi said the launch of the Huobi NFT marketplace is a “key milestone” in the expansion of its plans for the metaverse.
Blockchain firm and crypto exchange Huobi Group is staking its claim in the metaverse with the trial of its non-fungible token (NFT) marketplace, allowing users to buy and sell NFT artwork, collectibles and other digital items.
- Huobi said the launch of the Huobi NFT marketplace has been in the works for some time and is a “key milestone” in the expansion of its metaverse strategy.
- The metaverse is a space generated by the convergence of virtual worlds, augmented reality and internet services.
- The company has also been working on gaming and decentralized finance, or GameFi, projects. In September, Huobi Ventures, the investment arm of Huobi Group, announced it is launching a $10 million fund to invest in early stage GameFi projects.
- “NFTs have opened up the public’s eyes to the wide range of blockchain applications out there. The concept of NFTs as an immutable proof of ownership is very powerful, so we’re excited to see where our NFT marketplace will take us,” said Jeff Mei, director of strategy at Huobi Group, in a statement.
- An increasing number of NFT marketplaces have launched recently where users can purchase, mint, display and trade NFTs.
- Most recently, Sotheby’s, the 277-year-old British auction house, announced the creation of a new platform called “Sotheby’s Metaverse” that allows visitors to view digital artworks available at auction, as well as learn about the collectors and artists behind NFTs.
Read more: Huobi Ventures Sets Up $10M GameFi Fund
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
