Huobi Launches Trial for NFT Marketplace

Houbi Grop announced today the launch for Huobi NFT, a non-fungible token (NFT) marketplace, enabling users to purchase NFT artworks.

Huobi Group, a world-leading blockchain company, was founded in 2013 to make breakthroughs in core blockchain technology and further integrate blockchain technology with other industries. Although born in China, later, the exchange planted its roots in East Africa after leaving China’s mainland.

This launch of the NFT Marketplace marks a cornerstone in expanding its Metaverse strategy, including the recent launch of Huobi Ventures’ $10 million GameFi fund. The marketplace will play a key role in Huobi’s global expansion strategy. It enhanced the platform by adding a new asset class to its diverse portfolio of blockchain and crypto-centred products.

NFT crypto space is just in its prime right now and is prospering. Huobi’s NFT marketplace launch couldn’t come at a better time than this. Throughout 2021, NFTs have seen an explosion in growth. And according to reports, the market has reached a record of $2.5 billion in sales by July 2021, up from just $13.7 million in the first half of 2020. Celebrities from around the world have also started to jump into the industry. The market is growing exponentially. Much like Decentralized Finance (DeFi) grew over the past year, drawing the attention of both retail and institutional investors.

“The explosive growth we’re seeing in the NFT market is comparable to that of public chains and DeFi over the past few years. NFTs have opened up the public’s eyes to the wide range of blockchain applications out there. The concept of NFTs as immutable proof of ownership is very powerful, so we’re excited to see where our NFT marketplace will take us.”

Jeff Mei, Director of Strategy at Huobi Group

Key Points of Huobi NFT Marketplace

Huobi’s new marketplace will focus on three main features: following its global strategy, commitment to users, and dedication to protecting their assets.

The new project will be home to various NFTs, including games, art, animation, and music. The marketplace will also partner with top celebrities, artists, singers, and other intellectual property for special collaborations.

Support of Huobi Group ecosystem. Backed by Huobi Group’s unparalleled ecosystem and support, the Huobi NFT marketplace will therefore have substantial support and resources to meet the needs of its partners and users.

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