HTX Ventures Targets Infrastructure, DeFi, and AI in Latest Investment Round

HTX Ventures, the investment arm of the global crypto exchange HTX, has outlined its key investment directions for the first half of 2024. According to the company, the first half of 2024 has been a period of significant innovation and growth in the cryptocurrency market. The company made 23 investments in the first half of 2024, focusing on DeFi, Bitcoin, and AI, among others.

Market Dynamics and Influences

The cryptocurrency market witnessed substantial growth in early 2024. The approval of Bitcoin and ETH ETFs by the U.S. Securities and Exchange Commission has brought cryptocurrencies into the ETF era, injecting significant liquidity and stabilizing prices.

Commenting about the report, Edward, the Managing Partner at HTX Ventures, said, “We remain optimistic despite the market slowdown and will continue to support front-end development. A positive innovation flywheel, inspired by successful business models, is fostering long-term innovations within the ecosystem.”

However, this also introduced the potential for increased regulation and artificial volatility. The Federal Reserve's interest rate policies continue to influence the market's liquidity and volatility, directly affecting cryptocurrencies like Bitcoin.

The exchange highlighted the global market selloff on August 5th, triggered by Japan's interest rate hike, poor US corporate earnings, and unfavorable unemployment data, highlighting the market's sensitivity to economic indicators.

Despite the pessimism, HTX Ventures has advised investors to avoid rash decisions, consider high-quality business models, stay moderate with leverage, and continuously update their economic understanding.

Focused Investment Directions

HTX Ventures reportedly made 23 investments in the first half of 2024, focusing on infrastructure, DeFi, the Bitcoin ecosystem, AI, DePIN, and SocialFi. The firm is particularly impressed by the increasing talent in the Web3 builder community, as experienced Web3 developers collaborate with Web2 professionals to address real user needs.

HTX Ventures is optimistic about the latter half of 2024, focusing on six main tracks: BTCFi, Multichain Future Infrastructure, User Experience Enhancement, Application Infrastructure Projects, New SocialFi and Community Applications, and DePIN. The firm aims to identify and support innovative technologies and new business models, expanding the scope of Web3 and building a more user-friendly ecosystem.