Huobi Launches $100M Lunar New Year Campaign To Support Metaverse Development

　　London, Jan. 24, 2022, PRNewswire – Huobi Global, one of the worlds leading digital-asset exchanges, announced today the official launch of its Lunar New Year campaign dubbed Prime Fest: Tiger Year.

　　Lasting until Feb. 14, 2022, the campaign encourages users to explore future possibilities in the metaverse — an expansive network of virtual worlds that may incorporate augmented reality, virtual reality, 3D holographic avatars, video and other means of communication in the future. To promote the development of the metaverse, Huobi is doling out US$100 million in prizes and rewards, including access to new metaverse token listings under Primelist, high-yielding asset management products under PrimeEarn, and special blind box draws under PrimeBox. Huobi will also invite participants to register for DIDs (decentralized identifiers), or personalized virtual identities in the metaverse. These users will be eligible to win unique tiger-themed nonfungible token (NFT) avatars.

　　Huobi‘s DIDs are designed as users’ entry points into the metaverse, providing an access point between Web 2.0 and Web3. DIDs are widely considered a prerequisite for anyone looking to enter the metaverse, not only granting users access but also recording and verifying all information and activity on blockchains. DIDs offer users security, ownership and interoperability. Huobis NFT platform launched its own DIDs at the end of 2021 to give select users access to exclusive NFT releases, airdrops and other special benefits.

　　“Our emphasis on the metaverse reflects our intentions to provide a more fun and unique crypto experience,” Huobi co-founder Du Jun said. “Were not just another spot-trading exchange; we pride ourselves on our diverse set of products and services, and the promotions we run are designed to gamify the trading experience and make it more fun.”

　　Huobi has supported GameFi and metaverse projects through investments and token listings. In September 2021, Huobi launched a $10-million fund to invest in emerging GameFi projects. The fund invested in Zuki Moba, a Vietnam-based community-oriented MOBA Esports Game (Multiplayer Online Battle Arena) and Project SEED, a GameFi project utilizing a “Play to Earn” model.

　　In the last year, Huobi listed tokens such as Decimated (DIO), a multiplayer online role-playing game in a dystopian cyberpunk metaverse, and ERTHA, a game where players explore and investigate a virtual world by specializing and increasing the strengths of their respective NFTs and countries.

　　About Huobi Group

　　As a world-leading company in the blockchain industry, Huobi Group was founded in 2013 with a mission to make breakthroughs in core blockchain technology and integration blockchain technology with other industries. Huobi Group has expanded into public blockchains, digital-asset trading, wallets, mining pools, proprietary investments, incubation, digital-asset research and more. Huobi Group has established a global digital economy industry ecosystem by investing in more than 60 upstream and downstream companies in the blockchain industry.

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　　Source: Cointelegraph