Huobi Ventures Invests $10M in GameFi - Why not Splinterlands?
GameFi is still in the early phases of its potential. With the growing interest triggered with the profitability of Axie Infinity; the listing of Alice token in Binance Exchange and the top dApps like #Splinterlands ranked on blockchain data tracking websites, we can easily foresee the future of this blockchain-based gaming model.
While all these things going around, the listing has been non-stop happening in crypto. Recently, MOBOX and GALA tokens were listed on top exchanges thanks to their community, products and use cases. Though there are similar cases, Splinterlands, the game ranked at #1, has not been listed on Binance and other top exchanges YET! I do not think it will take too much time to see the furry of listing. Sure thing 👊🏼
Huobi Ventures & GameFi
Actually, we should first consider the reasons behind the declaration of investment into GameFi models. As you may know,, Huobi has its own Smart Chain, a.k.a HECO, that has not attracted enough attention.
Besides trying to grab some volume of GameFi trend and new crypto gamers, there is an aim to increase the engagement on the smart chain via bridges of the existing games and new games that might be built on HECO as seen on Binance Smart Chain.
The Support -> Investment & Technical Support
According to Cointelegraph,
In addition, the investee companies and projects will receive Huobi’s backing in terms of PR support, financial and legal advice, technical support for project deployment, and commercial assistance.
The projects that are selected will have a full support from Huobi team in their loooong journey. IMHO, Huobi is an exchange that has enough experience and sources to support any project that has the potenail to feed both parties.
The Prioritized Projects
I do not think the project would go for Axie Infinity or Decentraland that are already well-known by millions. The projects that are going to be under their radar will be the #Play2Earn modelled games with developments, teams and less-popularity. When these things are considered, there might be two ways that they can follow:
A projects that has not being launched -> Launch on HECO
This is the first way that Huobi Ventures may wish to put their money as it will both effect the existing blockchain HECO and the fresh blood may change the destiny of the chain. Yet, HECO needs to be more active to reach the potential of a new-born P2E game. Thus, this option owns some serious issues to be considered.
Existing & Growing game + Bridges to HECO
This option may be less profitable for Huobi as there won't be as much interaction as in the first scenario. Yet, the bridges and incentives may make people more aware of HECO while adding value to both sides.
At that point, the team is supposed to spend more money for bounties, rewards and initiatives than the former option. However, Houbi is in need of such a GameFi IMHO...
That's why Splinterlands is the best options
Just a reminder, Splinterlands has the most active users in crypto ecosystem.
It's the number 1 dApp that has ben exponentially growing. While there are thousands of users, the tokens has not been listed on major exchanges. Besides, the game already has lots of inter-blockchain mechanism that are operating flawlessly. Among all other options, Splinterlands can be the most suitable game ever for Huobi team. Just imagine some events that are specifically designed for HECO operations! 264k users and imagine the engagement on Huobi's Smart Chain!
In my opinion, @splinterlands may contact Huobi Ventures for the possible partnership that can be profitable for both sides. While there are tens of options, I see no better one superior than Splinterlands in any ways.
Governance, Community, NFTs, In-game tokens and Interblockchain operations...
These things are hard to find all-in-one in crypto ecosystem 😉
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