PRESS RELEASE. Torum publicizes strategic funding by Huobi Ventures, the $ 100 million enterprise capital arm of the Huobi Group to drive blockchain adoption and ecosystem enlargement.
August 5, 2021, Kuala Lumpur, Malaysia – On the eve of challenge 1st launch anniversary, Torum social media platform launched its H2 ecosystem strategic enlargement plan, prioritizing constructing a one-stop crypto ecosystem. The plan contains core functionalities that goal to handle business data asymmetry points and enhance the connection between tasks and communities via a social ecosystem.
Torum H2 Ecosystem Growth Strategic Plan
the Torum The H2 ecosystem strategic enlargement plan will embody many core functionalities, together with:
- Torum NFT Launchpad: INO’s platform for tasks to ship a set of restricted version NFTs to the neighborhood
- Torum NFT Market: the primary NFT social market with the flexibility to market NFTs to Torum customers.
- Torum Airdrop: a premium part for tasks to drop to the Torum neighborhood
- Torum Information: a novel aggregator of stories and knowledge for tasks
- Torumgram: a bridge that connects Telegram teams and channels to Torum
- Torum Lounge: an audio board just for organizing AMA and outreach occasions.
The enlargement plan caught the eye of the Huobi Ventures HECO fund, which led to the enterprise capital agency’s strategic funding in Torum. With Huobi Ventures getting into the fold, Torum will assist the enlargement of the Huobi ecosystem from advertising and marketing and neighborhood improvement points, particularly by connecting the Huobi and HECO tasks with the Western market.
Yi Feng Go, CEO and Founding father of Torum says that:
“Neighborhood consensus has at all times been Torum’s best asset. Nevertheless, the huge potential of a social media ecosystem like Torum remains to be absolutely explored at such an early stage. With the assist of Huobi Ventures, we’re assured that Torum can develop exponentially by integrating HECO primarily based tasks and their communities for the subsequent 6 to 12 months. We’re excited to work intently with ecosystem companions like Huobi Ventures. “
As a part of the strategic funding, Huobi Ventures will present entry to sources to unique media companions, neighborhood constructing and challenge connections for Torum. The mixing of Huobi’s sources will additional develop the attain of Torum’s ecosystem, which has already amassed greater than 64,000 cryptocurrency fans from greater than 10 international locations, together with the USA, Canada, Latvia, l ‘Spain, Germany, France, Poland, Malaysia, and so on.
Huobi Ventures and HECO
One of many predominant axes of Torum for the second half of 2021 is to combine high quality HECO-based tasks into its social media ecosystem. With the assist of Huobi Ventures, Torum can present premium advantages to HECO-based tasks, together with entry to the Western market, neighborhood improvement instruments, model publicity, neighborhood integration, and extra.
Loki, Chief Funding Officer of Huobi Ventures commented that:
“Huobi Ventures HECO Fund strives to develop the Huobi ecosystem and accommodate prime quality HECO tasks like Torum. With the addition of a crypto-centric social media platform to our portfolio, we are able to use core Torum options like NFT Launchpad to offer neighborhood and sources for tasks on the HECO ecosystem.
Concerning the Huobi Ventures HECO fund
Huobi Enterprises is an entirely owned subsidiary of the world’s second largest cryptocurrency alternate, the Huobi Group is concentrated on rising the corporate’s funding portfolio and long-term assist for progressive blockchain tasks.
Huobi Ventures HECO Fund primarily invests in upstream and downstream initiatives of the worldwide blockchain business. Along with its buying and selling exercise, its investments additionally cowl the first market, quantitative secondary market funds, funding banking, incubators, asset administration, portfolios, mining, suppliers of market information, international neighborhood, media, cybersecurity, public channels, DAPP and platforms, regulation, expertise recruitment, coaching and analysis.
Torum is the world’s first DeFi + NFT built-in social media platform particularly designed for cryptocurrency customers. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital and 15 different main crypto VCs, Torum is now one of many quickest rising crypto social media platforms with a formidable month-to-month development fee of customers of 20 to 30%.
Torum’s social networks
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