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Unleashing Wealth Effect: HTX's Dive into AI, BRC20, MEME, New Public Chains, and More Emerging Sectors in the Crypto Space

HTX

As 2023 draws to a close, the cryptocurrency market exhibits a robust upward trend, navigating through the early-year volatility and fueled by the market sentiment regarding the potential approval of a spot Bitcoin ETF by the SEC at year-end. Moreover, over the course of the year, key players in sector rotation—such as AI, BRC20, MEME, and emerging public chain sectors—have adeptly filled market gaps. HTX serves as a significant contributor to market liquidity. It has played a crucial role in fostering the wealth effect across the four mainstream sectors in the crypto space. Among the top-performing 58 cryptocurrencies, $PEPE, listed by HTX, has created a legend, achieving an extraordinary nearly 2,000-fold increase. In the new public chain sector, where narratives unfold with each bull-bear cycle, HTX selected SUI and SEI among others, enabling its users to gain remarkable asset growth of 206 times and 178 times respectively. Riding the New Wave of the Crypto Sphere: Unlocking Wealth Opportunities at Every Turn Let's begin with the coin PEPE. In general, MEME tokens performed well throughout 2023. The MEME sector represents a fusion of entertainment and value, often imbued with a robust cultural and community flavor. The best MEME tokens, such as PEPE, don't merely unite popular culture with digital currency, they emerge as a dynamic force reshaping the cryptocurrency market, leading this unique market segment. In this trend, even some crypto veterans who consider Bitcoin as "digital gold" find themselves reevaluating assets with a "MEME nature". Even ORDI, essentially a MEME token, proves elusive when it comes to defining its specific utility, yet its intrinsic allure endures. Simply put, the imagination space is always the best support for the price of MEME tokens. In addition, with Artificial Intelligence (AI) tokens emerging in the current cryptocurrency market, HTX promptly listed WLD (WorldCoin) on its platform, providing holders with an extraordinary return of 54 times. Furthermore, in the evergreen BRC20 sector, HTX is the first mainstream exchange to get BRC20 tokens listed. ORDI, for example, has delivered impressive performance, achieving a growth of 53 times. HTX has always kept a close eye on the cutting-edge technology within the industry. The introduction of AI has brought innovative thinking and business models to the cryptocurrency market. In addition to WLD, HTX also listed ChainGPT (CGPT), a representative asset in the AI+Crypto sector, right from the outset. As an AI-powered token launched on the BNB Chain, CGPT is a unique asset that combines AI algorithms and question-answering capabilities with blockchain technology. Despite being issued on the BNB Chain, HTX embraced CGPT warmly, emphasizing its ongoing dedication to discovering high-quality assets. Anyway, the wealth myth recognizes no distinctions between camps. In 2023, HTX effectively covered the entire spectrum of the industry in terms of asset listings. Reflecting on HTX's new listings in 2023, one can observe that the platform has been at the forefront, actively seeking and promoting new assets. Consistently, within each hot trend in the crypto sphere, some assets newly listed on HTX showcase robust performance. By fully exploring the potential of the cryptocurrency market, HTX's new token listings in 2023 offer investors a genuine first-mover advantage. Through a process of rigorous screening and in-depth market research, HTX carefully selects and promotes new tokens with huge growth potential. This initiative not only provides a gateway for investors choosing the platform to comprehend and engage in the emerging digital currency market but also promotes the development and prosperity of the entire crypto economic ecosystem. HTX, with its steadfast commitment and formidable capabilities, proves its crucial position as a major force in the industry. Embracing Web 3.0 Trends in the Battle for Emerging Sectors within Crypto Space In the past, the crypto market was mainly seen as a place for creating wealth. However, with the ongoing evolution of blockchain technology, it has increasingly intertwined with diverse industries. The fusion of AI technology and cryptocurrency, for instance, has given rise to novel collaboration models. Additionally, Bitcoin has garnered sustained industry support, not only as an investment but also in rejuvenating traditional assets. The advent of MEME tokens and BRC20 tokens has introduced fresh application scenarios for Bitcoin, consequently augmenting its overall value. AI-Crypto Fusion: A Leading Bullish Narrative in the Crypto Sphere The crypto market resembles an unrestricted Nasdaq exchange for AI, where data and computing power symbolize market sentiment and pricing, reflecting the prospective value of AI in this space. Presently, the convergence trend between AI and cryptocurrency is progressing at an unprecedented pace. According to CoinMarketCap data, the total market capitalization of the global cryptocurrency market has surpassed $2 trillion. Simultaneously, the scale of the global artificial intelligence market is experiencing rapid growth, projected to reach nearly $600 billion by 2025. In this environment, "AI + Crypto" is not only a conceptual combination but also an innovation at the practical application level. With a keen eye on the AI landscape, HTX has listed AI-related digital assets in 2023, namely, WLD, CGPT, and PAAL. ● AI + Data: Taking WLD as an example, its most significant innovation lies in the integration of ZKML (Zero Knowledge Proof Machine Learning) and Proof of Personhood. This creates a genuinely privacy-protected, global, blockchain-based data platform for mankind, fostering the collective sharing of AI's immense productivity. ● AI + Algorithm: Taking CGPT as an example, it seamlessly incorporates AI algorithms and question-answering capabilities into the blockchain. ● AI + Computing Power: Taking PAAL as an example, it delves into the core of machine learning (ML) technology, emphasizing an understanding of human needs that goes beyond mere competition between models and computing power. HTX's newly listed assets have covered the more refined segments of the AI sector, revealing HTX's deep understanding of the evolving trends in AI technology. Looking ahead, as AI becomes a symbol of advanced productivity permeating every facet of human society, the narrative of AI-Crypto fusion is expected to unfold more surprises within the crypto space. BRC-20 Tokens Unleashing the "Inscription Summer" and Sparking a New Era of Boom for Bitcoin BRC20 is approximately equivalent to the ERC20 standard on Ethereum. The introduction of BRC20, ORC, and DRC unlocks many new possibilities for Bitcoin and its forks. Bitcoin can now perform additional functions beyond its traditional transfer and block confirmation. Despite market volatility, Bitcoin's value and scope of application have continued to expand in the long term after the "Inscription Summer". Among them, the most striking is the miners' great victory. Since its introduction to the Bitcoin network in February 2023, the Bitcoin inscription function has consumed a considerable amount of block space. The inscription function allows for more transactions to be included in a block. The size and number of transactions in the Bitcoin mempool have significantly increased since the inscription function was introduced. The function of inscriptions in the Bitcoin network can be likened to packing materials in a box. Typically, they don't replace high-value crypto transfers but instead utilize any available block space not occupied by crypto transactions. The hashrate of the Bitcoin network, a measure of computing power, has surged by 50% since the introduction of the inscription function in February 2023. The upcoming Bitcoin halving cycle is anticipated to take place in 2024. During the halving, the reward for mining a new block will be halved, diminishing expected returns for miners. In response, miners might find a stronger incentive to expand the number of tokens within the BRC20 ecosystem. ORDI, the first BRC-20 token created on the Bitcoin blockchain, has already been listed on HTX. Following a brief retracement, ORDI is gaining popularity, firmly establishing itself as the leading BRC20 token. Concurrently, HTX has listed SATS and RATS, providing users seeking potential BRC20 tokens with a more secure alternative off-chain. Overall, the introduction of the inscription function in the Bitcoin blockchain has undeniably had a profound impact on transaction patterns, miner economics, and network status. With the ongoing evolution of the Bitcoin network and the expanding use of the inscription function, these changes are expected to endure, giving rise to new trends. MEME Coins Capture Retail Investors' Interest, While New Public Chains Unveil Significant Growth Potential HTX has dedicated continuous efforts to both the MEME sector and the new public chains. As a steadfast supporter of the MEME sector, HTX listed many popular MEME tokens in 2023, including VOLT, PEPE, AIGOGE, MONG, WSM, and MEME. Notably, PEPE saw a remarkable surge, boasting an astounding 1999-fold increase. MEME is a unique breed in the crypto world, a financial product based on emotions. If options are derivatives of spot, then the MEMEs of each stage are the inscriptions of the current history, representing the unique memories of an era. They continue to evolve as cultural cycles replicate, reproduce, and propagate. The existence of MEME coins is more like a cultural expression, a recognition by retail investors of the culture of a specific community. Dogecoin (DOGE) is one of the most famous MEME tokens. It was launched in 2013 with the Shiba Inu as its mascot and quickly became a cultural icon of the cryptocurrency world. This year, PepeCoin is undoubtedly the successor to the MEME legend. It uses Pepe the Frog as its image and has attracted a group of passionate followers of the Sad Pepe. HTX's data reveals its huge support for the MEME sector in 2023, largely aligning with its "user-first" strategy. Meanwhile, HTX's focus on the public chain sector is also evident with the listing of assets such as FLR, ARB, SUI, SEI, TON, and CBK. Additionally, the listing of BONK on Solana underscores its broad vision in the public chain domain. Old public chains, L2, and new public chains still hold potential value. In addition to Ethereum, public chains such as Polkadot, Cosmos, Solana, NEAR, and Avalanche have demonstrated their diversity with their unique technological innovations. The emergence of Ethereum's Layer-2 solutions, particularly the rise of Arbitrum Rollup and Optimistic Rollup, has garnered significant market attention for new public chains like Aptos and Sui, even in their early stages of inception. From a long-term perspective, the exploration and advancement of new public chain technologies are crucial, as they have the potential to bring innovation to the entire blockchain ecosystem in specific scenarios. HTX encourages innovation and has always been at the forefront of the industry in searching for innovative projects. It's noteworthy that HTX has also listed WSTUSDT, a token in the RWA sector. Looking ahead, we anticipate that HTX will make more tokens in the RWA sector available for purchase in the future. Exploring New Crypto Sectors: HTX Brings Wealth Growth Opportunities for Users HTX's core competency lies in the discovery and listing of new assets. The four major sectors discussed in this article serve as mere examples. At present, HTX has introduced 58 potential coins and high-quality assets spanning different sectors in 2023. HTX's impressive performance in listing new assets in 2023 has demonstrated its unwavering commitment to advancing the development of the crypto industry. The market is gradually recovering, with a bull run on the horizon. HTX is not resting on its laurels. Instead, it continues to track the pulse of the market and explore opportunities by dedicating itself to the exploration of new sectors and tokens. By improving market awareness and deepening industrial layout, HTX aims to provide users with a more diverse range of asset choices and investment opportunities. In the ever-evolving cryptocurrency industry, an exchange earns market favor only by adeptly spotting market shifts and meeting user needs. HTX has excelled in this regard, discovering new assets and boldly getting them listed on its platform. In doing so, HTX constantly creates wealth growth opportunities for its users. In the vast and boundless world of cryptocurrency, exploring and listing new assets has always been the primary focus of HTX's endeavors. About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy - "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance", underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

December 21, 2023 12:59 PM Eastern Standard Time

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Dive into the Holidays with HTX's Christmas and New Year Giveaway: A Cascade of Special Promotions Await

HTX

As we bid farewell to 2023, it stands as a pivotal year in the realm of cryptocurrencies. This year witnessed the crypto market experiencing a roller-coaster ride, transitioning from a bear market to a remarkable bull run. In 2023, Bitcoin embarked on an extraordinary journey, with its price surging from $16,500 at the year's outset to a recent peak of $44,000 — an increase of over 2.5 times. Unexpectedly, the BRC-20 sector and the Bitcoin ecosystem emerged as the most appealing investment opportunities in the crypto space. Meanwhile, the anticipation surrounding the approval of a spot Bitcoin ETF remains high. Additionally, Memecoins, led by Pepe, together with the most promising Layer 2 solutions - ZK Rollups and Optimistic Rollups - have taken turns in boosting the crypto market, continuously setting historic milestones Now, with Christmas and New Year’s around the corner, we would love to express our gratitude for the companionship and support of both new and existing users. HTX is launching a grand festival celebration gala: "To Celebrate Christmas and Embrace the New Year! Join HTX's Events to Grab Your Share of Million-Dollar Benefits". It will feature a series of special promotions, offering substantial festive season benefits. HTX users will have the opportunity to gain rewards by participating in these events, including PrimeVote, PrimePool, Shark Fin, Mars Program, etc. For event details, please click the link: https://www.htx.com/support/en-us/detail/94957396767160 Event 1: HTX's 10th PrimeVote: Amass Rockets to Vote for Your Favorite Projects and Win a Good Luck Prize! As per HTX's official announcement, the 10th round of HTX's PrimeVote event was launched on December 18, 2023. With Rockets, users will receive votes to participate in PrimeVote and help get their favorite project listed. The shortlisted projects include Coupon Assets (CA), Babygrok (BABYGROK), Bart Simpson Coin (BART), and more. The project that wins the most votes will be eligible to list its crypto on HTX for trading. The announcement shows that the event is divided into three phases, as follows: Sharing Period: 12:00 (UTC) on Dec 18, 2023 - 12:00 (UTC) on Dec 19, 2023. Voting Period - Preliminary: 12:00 (UTC) on Dec 19, 2023 - 12:00 (UTC) on Dec 21, 2023. Voting Period - Final: 12:30 (UTC) on Dec 21, 2023 - 12:30 (UTC) on Dec 22, 2023. Participants are free to vote for a project during the event. Simultaneously, a participant can choose to become either a lead voter or a follower. Users who vote for the winning project in the Final will be eligible to share the prize pool (All lead voters and their followers for the winning project are included.) The prize pool for the event is sponsored by the winning project. Winners can split the prize pool based on the proportion of their votes relative to the total votes. The more a participant votes, the more they stand to win. Each winner can get a maximum of 50,000 USDT. Furthermore, by enrolling in this round of PrimeVote event, participants have the opportunity to become a "Lucky Winner" and receive an additional reward, which constitutes 1% of the event's total prize pool. The Good Luck Prize will be determined by a lucky draw that utilizes TRON block hash values to match the vote counts of participants in the Final phase. In essence, at the conclusion of the Final phase, HTX will use the last three digits of the TRON block hash value at that time as the winning sequence, matching it with the last three digits of the vote counts of participants in the Final phase. The participant whose vote count matches the winning sequence will be declared the "Lucky Winner". * Announcement link: https://www.htx.com/support/en-us/detail/74956935207655 Event 2: PrimePool #12: Simply Lock TRX to Share 3,000,000 MUSIC HTX's 12th round of PrimePool has taken place from 12:00 (UTC) on December 12, 2023, to 12:00 (UTC) on January 9, 2024. Participants will have the chance to share a generous prize pool of 3,000,000 MUSIC by locking their TRX. Gala Music, as featured, is a music platform that strives to empower artists and their followers through unique experiences, products, and rewards. The 12th round of PrimePool is conducted through a partnership between HTX and TRON, utilizing TRX for mining. Participants are required to have a minimum lock-up of 2,500 TRX, enjoying the benefits of flexible deposits and redemptions as needed. One hour after the event starts, participants will receive the previous hour's reward in the following hour after locking their TRX for an hour. The hourly reward that participants receive is determined by the actual amount of TRX they lock in for an hour. Different tier factors are applied to calculate users' effective locked amounts. * Announcement link: https://www.htx.com/support/en-us/detail/104956670327164 Event 3: Compete for 200,000 USDT at HTX Futures Bonanza As per the exchange's official announcement, the HTX Futures Bonanza features four major events and a staggering prize pool of 200,000 USDT. The Futures Bonanza is ongoing from 08:00 (UTC) on December 14, 2023, to 16:00 (UTC) on January 3, 2024. See below for more details: 1. Deposit and Earn Rebates. During the event, participants who deposit funds to their HTX futures accounts and perform futures trades will be rewarded accordingly with up to 3,000 USDT. (For new users, rewards will be multiplied by 50%.) 2. Grab up to 1 BTC at Futures Trading Challenge. During the event, participants will stand a chance to win 1 BTC, if they perform or copy trades of USDT-margined perpetual futures under the cross or isolated margin mode. To be eligible for these rewards, participants need to achieve a cumulative trading volume of ≥ 10,000 USDT. 3. Split 80,000 USDT at the Copy Trading Carnival. For followers who are new to copy trading, they will receive a 10 USDT trial bonus by depositing at least 100 USDT to their Copy Trading accounts and making their first copied trade of any amount. Only the first 2,000 qualifiers will receive the reward. Additionally, followers will be eligible to share a pool of 35,000 USDT by completing copy trading tasks. For lead traders, those performing their first leading trade will stand a chance to earn up to 100 USDT. Rewards will be given to the first 500 qualified traders. Traders who execute lead trades daily will be eligible to share a prize pool. The more consecutive days traders check in, the higher bonuses they will receive—claim up to 8,000 USDT. 4. Refer Friends and Earn Rewards. Refer friends to complete futures trades, and the inviter will receive rewards from this event and earn a 30% lifetime commission based on the invitees' trading fees. Inviter's rewards can accumulate when more invitees complete trading volumes. * Announcement link: https://www.htx.com.bo/support/en-us/detail/64956604117510 Event 4: Enjoy Highly Attractive APYs on HTX's 3-Day Shark Fin HTX has introduced a series of 3-day Shark Fin products and rolled out an exclusive bonus month for these products, offering highly attractive APYs. The first phase was available for subscription at 12:00 (UTC) on December 11 (Monday), 2023, offering an estimated 10%-30% APY. Subsequently, subscription for the 3-day Shark Fin is open from 12:00 (UTC) on Mondays to 12:00 (UTC) on Tuesdays. * Announcement link: https://www.htx.com.bo/support/en-us/detail/94956271073396 Event 5: HTX Unveils Mars Program Round 5 in Partnership with Dogelon Mars: Triple Rewards Await According to an official announcement from HTX, the exchange announced the launch of the 5th round of the Mars Program in collaboration with Dogelon Mars (ELON) On December 20. With Dogelon Mars on board, lucky users from the 5th round of the HTX Mars Program will enjoy triple grand rewards, including a chance to compete with shortlisted space candidates for a coveted $6 million space travel, a round trip experience on Justin's private jet, and 50 billion of $EION tokens. The announcement reveals that the task period for the Mars Program Round 5 is scheduled to take place from 12:00 (UTC) on December 20, 2023, to 15:59 (UTC) on January 10, 2024. The Space NFT minting period is from 12:00 (UTC) on December 20, 2023, to 15:59 (UTC) on January 15, 2024. Participants need to link their TRON addresses on the event page to receive the minted NFTs. The lucky draw for the Mars Program Round 5 will be held via HTX Live at 12:00 (UTC) on January 17, 2024. The lucky winner shall be the holder of the NFT number that has been drawn. Dogelon Mars (ELON) is a meme coin built on the Ethereum blockchain and has a sizable community and broad recognition. Its token ELON reached an all-time high of 0.0000026 USDT and peaked at 0.000000494 USDT in 2023. Till date, HTX has successfully held four rounds of the Mars Program and the program's influence within the industry has steadily increased as it forges ahead. HTX plans to collaborate with more partners, to further explore the integration of cryptocurrency and space ventures, unlocking the infinite possibilities for crypto applications. * Announcement link: https://www.htx.com/support/en-us/detail/34957214586880 Event 6: Refer Friends to Unlock Mystery Boxes and Vie for 1 BTC Together In recent events, HTX launched a referral campaign at the year-end. By inviting friends, both the inviter and the invitee can unlock Mystery Boxes, win up to 1,000 USDT in futures trial bonuses, and compete for the supreme prize of 1 BTC. The event will last from 12:00 (UTC) on December 21, 2023, to 15:59 (UTC) on January 3, 2024. Explore the details of the event below: 1. Unlock Christmas Mystery Boxes: Each time the invitee completes the designated tasks, both the inviter and the invitee stand a chance to win Mystery Boxes worth up to 1,500 USDT. 2. Top Inviters Contest: Those who successfully bring in at least 5 valid invitees and secure a spot within the top 100 inviters will be eligible for up to 1,000 USDT in futures trial bonuses. Please note that a valid invitee is defined as a user who signs up on HTX during the event period and achieves a cumulative trading volume of ≥100 USDT. 3. 1 BTC Supreme Prize: When inviting new and existing users to trade spots or futures on HTX, the inviter will enjoy a limited-time 30% increase in commission and have a chance to win up to 1 BTC. * Announcement link: https://www.htx.com.bo/support/en-us/detail/34956692744658 Event 7: Perform Margin Trades On HTX to Share 20,000 USDT In HTX's official announcement, HTX Margin is presenting a special promotion for margin trading, offering a generous prize pool of 20,000 USDT. The event is scheduled to take place from 12:00 (UTC) on December 21, 2023, to 12:00 (UTC) on January 3, 2024. There are 16 cryptos applicable to the event, such as ETH/USDT, LINK/USDT, LTC/USDT, DOGE/USDT, etc. Find additional event details below: 1. Ranking by Margin Trading Volume: During the event period, participants who trade the designated cryptocurrencies on margin and reach a cumulative trading volume of at least 5,000 USDT will be ranked based on their trading volume. They will share 15,000 USDT in 100% Margin Interest Vouchers. 2. Perform First Margin Trade with Zero Trading Fees (Exclusive for New Users): During the event, new users of HTX Margin will enjoy zero trading fees for their first margin trades. Additionally, they will have an exclusive opportunity to share 5,000 USDT in 100% Margin Interest Vouchers based on their trading volume. * Announcement link: https://www.htx.com.bo/support/en-us/detail/34957375956061 Event 8: HTX Unveils Weekend Trading Carnival #6: Grab Christmas Good Luck Prizes HTX is rolling out a special Christmas event in the new round of Weekend Trading Carnival. Participants who perform spot and futures trades during the event period will be eligible to claim exclusive rewards. Additionally, they also stand a chance to enter a lucky draw to win a Christmas Gift Box worth 60 USDT or a 66 USDT futures trial bonus. The special Christmas event is ongoing from 12:00 (UTC) on December 22, 2023, to 12:00 (UTC) on December 24, 2023. During the event period, users can earn rewards in the form of Badges and BTT with the potential to earn up to 50 Badges and 9,999 BTT. Additionally, by completing futures trades with a minimum trading volume of 8,000 USDT, users can win between 1 to 5 USDT in futures trial bonuses. Furthermore, the platform will randomly select five lucky winners from among participants who have completed any of the above tasks. Each winner will receive a Good Luck Prize, which can be either a Christmas Gift Box worth 60 USDT or a 66 USDT futures trial bonus. * Announcement link: https://www.htx.com.bo/support/en-us/detail/94957446961513 Event 9: Complete P2P Tasks to Split 10,000 USDT and Unlock Crypto Mystery Boxes Worth Up to 1,000 USDT For HTX’s P2P promotion, users can unlock Mystery Boxes and stand a chance to share in a 10,000 USDT prize pool. The announcement reveals that the event is scheduled to take place from 00:00 (UTC) on December 19, 2023, to 00:00 (UTC) on January 6, 2024. Upon completing designated P2P tasks, users are eligible to unlock Crypto Mystery Boxes, each worth up to 1,000 USDT. * Announcement link: https://www.htx.com.bo/support/en-us/detail/94957213237591 Event 10: HTX Fiat's Christmas Exclusive: Enjoy Up to 30% Cashback by Using Credit/Debit Cards to Purchase Cryptocurrencies The final unveil is for HTX Fiat, launching an exclusive Christmas promotion from 10:00 (UTC) on December 21, 2023 to10:00 (UTC) on January 5, 2024. Users will be ranked based on their daily transaction amounts. Each day, the platform will select the top three users who use their credit/debit cards to purchase cryptocurrencies. The winners will have the opportunity to earn a 30%, 20%, and 10% cashback reward, respectively. Additionally, HTX will select the top 1,000 users who make cryptocurrency purchases of 300 USDT or more using their credit/debit cards. Those selected will be granted a 10 USDT futures trial bonus each. * Announcement link: https://www.htx.com.bo/support/en-us/detail/84957276406417 Summary A noteworthy chapter in cryptocurrency unfolded in 2023. The total crypto market cap experienced a remarkable resurgence, symbolizing the market's recovery from the prolonged "crypto winter". HTX concluded its first decade of secure operations with impressive performances, and meanwhile, it successfully underwent an international strategic transformation through a brand upgrade. This rebranding marks the beginning of a new journey into the next decade. Staying true to its original vision, HTX is poised to reaffirm its role as a pioneering force in the crypto realm, serving as a gateway for users to access the decentralized world and paving the path for a decentralized future. Look ahead to 2024, anticipate a future filled with increased openness and innovation in the Web3 sphere. Look forward to an even better HTX! About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

December 21, 2023 12:46 PM Eastern Standard Time

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HTX Ventures Invests in Academic Labs to Enhance Educational Experiences

HTX Ventures

Singapore, December 20, 2023 — HTX Ventures, the global investment division of the cryptocurrency exchange HTX, announces its investment in Academic Labs, a platform that utilizes AI and Web3 technology to improve the educational experience. This investment will help Academic Labs onboard new users to Web3 and incentivize native users to engage in education through its native token and NFT systems. Academic Labs is an innovative online education platform built on cutting-edge Web 3.0 technology. Its mission is to revolutionize the way people learn and provide a transparent and equitable learning environment that addresses the education gap and empowers learners with greater access to top-quality educational resources. Academic Labs teaches vital skills like software development, trading strategies, business English, and startup foundations, and employs Adaptive AI to gamify practical learning. The platform is forging strategic partnerships in technology and education to refine the learning process, going beyond traditional testing methods to offer a more immersive and effective study experience. Edward Chen, Managing Partner of HTX Ventures, said, “Academic Labs has transformed the educational sector through the incorporation of Web3 and AI technology. HTX Ventures is committed to invest in projects that facilitate the widespread adoption of Web3. The importance of crypto education cannot be overstated, and the educational industry holds great potential for onboarding large volumes of new users to Web 3.” Terry Tan, CEO of Academic Labs, expressed his gratitude for the support from HTX Ventures. “The backing from HTX Ventures is a clear endorsement of the foresight and innovation inherent in the Academic Labs project,” he remarked. “We are honored to receive recognition from a Web3 powerhouse and are excited for the upcoming debut of our education platform.” Academic Labs aims to address significant challenges in the education sector, including the lack of motivation for producing and engaging with quality educational content, the issue of academic fraud in traditional Web2 education systems, and inefficiencies in acquiring and applying practical knowledge and skills. To tackle these issues, Academic Labs is rolling out three innovative Non-Fungible Tokens (NFTs): Learner NFT, Achievement NFT, and Educator NFT. The Learner NFT grants access to educational content and adopts a transparent, value-based pricing structure. As learners progress, these NFTs are converted into Achievement NFTs, authenticating educational achievements and offering rewards in the platform's native token, $AAX. The Educator NFT, meanwhile, enables fractional investment in educators' content, encouraging the creation of high-quality material. The upcoming product launch of Academic Labs will reveal the innovative features of this cutting-edge educational platform to a worldwide audience, with exciting events on the horizon. About Academic Labs: Academic Labs is an innovative online education platform built on cutting-edge Web 3.0 technology. Its mission is to revolutionize the way people learn and teach by delivering a more open and secure learning experience powered by AI. Leveraging the decentralized nature of Web 3.0 technology and the intelligence and flexibility of AI, Academic Labs fosters gamified learning for success and creates a transparent and equitable learning environment that addresses the education gap and empowers learners with greater access to top-quality educational resources. About HTX Ventures: HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Company Website https://www.htx.com/en-us/ventures Contact Details Michael Wang glo-media@htx-inc.com

December 20, 2023 01:53 PM Eastern Standard Time

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HTX Unveils Mars Program Round 5 in Partnership with Dogelon Mars: Unlock Infinite Possibilities for Crypto Applications

HTX

Singapore / December 20, 2023 / HTX has announced the launch of the 5th round of the Mars Program in collaboration with Dogelon Mars. Since June of this year, HTX has successfully conducted four rounds of the Mars Program. The program's influence within the industry has been steadily increasing as it forges ahead. HTX plans to collaborate with more partners to further explore the integration of cryptocurrency and space ventures, unlocking the infinite possibilities for crypto applications. Dogelon Mars (ELON), a meme coin built on the Ethereum blockchain, combines three Musk-related elements: Dogecoin, Elon, and Mars. Dogelon Mars has a sizable community with broad recognition, and its token ELON, has reached an all-time high of 0.0000026 USDT and peaked at 0.000000494 USDT in 2023. With Dogelon Mars on board, lucky users from the 5th round of the HTX Mars Program will stand to enjoy triple grand rewards. These rewards include a chance to compete with shortlisted space candidates for a coveted $6 million space travel, a round trip experience on Justin's private jet, and 50 billion of $ELON tokens. According to HTX's official announcement, the task period for Round 5 of the Mars Program is scheduled to take place from 12:00 (UTC) on December 20, 2023, to 15:59 (UTC) on January 10, 2024. Throughout this period, users participating in the event can earn Space NFTs by completing one-time or recurring tasks including spot trading, P2P trading, and futures trading. Additionally, completing designated monthly-settled tasks, such as subscribing to HTX Earn products or utilizing Crypto Loans, also qualifies participants for rewards. The Space NFT minting period is from 12:00 (UTC) on December 20, 2023, to 15:59 (UTC) on January 15, 2024. Participants need to link their TRON addresses on the event page to receive the minted NFTs and are advised to mint the NFTs asap. Note that the daily allocated free NFT mints are capped, and the minting chances do not carry over to the next round. The lucky draw for Round 5 of the Mars Program will be held via HTX Live at 12:00 (UTC) on January 17, 2024. The lucky winner will be the holder of the NFT number that has been drawn. HTX will also verify the winner’s identity by checking the lucky NFT holder's TRON address, UID, KYC verification, and other relevant details. Following this verification, the winner will receive the triple-grand rewards. * For more details, please refer to the event announcement: https://www.htx.com/support/en-us/detail/34957214586880 In June of this year, HTX initiated a series of exciting campaigns — The HTX Mars Program: Get HTX on Mars! The platform invested a substantial $6 million to facilitate collaboration between commercial space ventures and the cryptocurrency industry, with the goal of empowering individuals' dreams of space exploration and unlocking new possibilities. The HTX Mars Program is divided into two phases. The first phase consists of 12 rounds, with each round randomly selecting one lucky user to become a candidate space passenger and receive generous rewards. In the second phase, the 12 candidates will be evaluated based on their physical fitness, training and preparation, community contribution, and other criteria, to determine the final space traveler. This selected passenger will travel with Justin Sun, a member of the HTX Global Advisory Board, at a specific time after July 2024. Throughout its decade-long journey, HTX has been a pioneer in the crypto industry, widely recognized for its bold innovation and transformative approaches. Now, HTX is breaking new ground by setting its sights on the distant cosmos, becoming the first cryptocurrency trading platform to venture into space. This forward-thinking program reflects HTX's broad vision and global mindset. Looking ahead, HTX will continue to harness its pioneering spirit to shape the evolution of the cryptocurrency market and unlock boundless possibilities for cryptocurrency applications. About Dogelon Mars Dogelon Mars is a doge-themed cryptocurrency released in 2021 that aims to be the first intergalactic money system that future space colonizers can use on Mars. The story of Dogelon is chronicled in a comic book series and animated episodes. With over 145,000 holders, several innovative NFT projects, and expansive partnerships throughout the web3 space, Dogelon Mars is one of the top tokens in its category. About HTX Exchange Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. The platform's growth strategy - "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance", underpins its commitment to providing quality services and values to virtual asset enthusiasts worldwide. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

December 20, 2023 01:48 PM Eastern Standard Time

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HTX Futures Bonanza Debuts: Share 200,000 USDT This Festive Season

HTX

As 2023 fades into the rearview mirror, a crypto recap becomes a thrilling narrative: the market's epic journey from bearish whispers to bullish roars. After two years chained to its peak, Bitcoin unleashed a surge that captivated the market. Meanwhile, the emergence of ordinal inscriptions steered the market in a new direction. Regarding exchanges, the giant HTX unveiled a global rebranding in September this year, embarking on a renewed globalization journey. This focus includes global expansion, a thriving ecosystem, the wealth effect, and enhanced security and compliance. As the festive season approaches, HTX has launched a wide range of promotions with generous rewards to appreciate users. The exchange's official announcement features the HTX Futures Bonanza and is ongoing from 08:00 (UTC) on December 14, 2023 to 16:00 (UTC) on January 3, 2024, with four major events and a staggering prize pool of 200,000 USDT. Buckle up, because we're about to dive into the Bonanza! Event 1: Deposit and Trade to Win up to 3,000 USDT During the event, participants who deposit funds into their HTX futures accounts and perform futures trades will get rewarded accordingly with up to 3,000 USDT. (Rewards for new users will be multiplied by 50%.) Please note that you cannot win rewards from this event and complete trading tasks for futures beginners simultaneously. If you participate in this event while also registering for the trading tasks for futures beginners, the rewards will be distributed based on the highest amount you can obtain. Only funds deposited and trades made during the event will count towards the reward calculation upon successful registration. During the event, participants are required to meet the requirements for both the net deposit amount in their USDT-M futures accounts and USDT-M futures trading volume, to be eligible to claim corresponding rewards. Event 2: Grab up to 1 BTC at Futures Trading Challenge During the event, participants will have the chance to win 1 BTC or a share of massive trial bonuses, provided that they perform or copy trades of USDT-margined perpetual futures under the cross or isolated margin mode. To be eligible for these rewards, you need to meet the following cumulative trading volume requirements (including copy trading): Keep in mind that you should meet the requirements for both ranking and trading volume to win rewards. For instance, if you achieve a cumulative trading volume of 5,000,000 USDT but rank outside the top 10, you would be eligible for a reward of 200 USDT. Event 3: Split 80,000 USDT at Copy Trading Carnival Participants, whether lead traders or followers, will stand to win multiple rewards simply by leading or following futures trades on HTX Copy Trading. Follow top-tier traders to seize more market opportunities. If you are a follower: Task 1: Engage in copy trading to receive 10 USDT During the event, participants who are new to copy trading will receive a 10 USDT trial bonus by depositing at least 100 USDT to their Copy Trading accounts and making their first copied trade of any amount. The first 2,000 qualifiers will get rewarded. First come, first served! Task 2: Complete copy trading tasks to share 35,000 USDT During the event, copy trading followers will be eligible for rewards by meeting any of the following requirements. Rewards can accumulate if multiple requirements are met. Details are as follows: If you are a lead trader: Task 1: Perform your first leading trade and earn up to 100 USDT During the event, newly approved lead traders have the opportunity to receive a random airdrop, ranging from 10 to 100 USDT trial bonuses by completing their first leading trade of any amount. There is no requirement regarding the number of your followers. Rewards will be given to the first 500 qualified traders. First come, first served! >> Become a lead trader now to earn 25% profits shared Task 2: Unlock prize pools by leading trades daily During the event period, traders who lead trades with a trading volume of ≥ 1,000 USDT on a single day will be deemed to have successfully checked in and will then be eligible to equally share the prize pool. The more days you check in, the higher your bonuses will be! Please note that for each tier of requirements, the reward pool will be shared equally among the participants who meet the criteria. If the shared reward amount per qualifier is lower than the basic reward, then the basic reward will be given instead. You can only participate in Event 3 as a follower or a lead trader. To ensure successful registration for this event, followers and traders are required to click on the ‘Register Now’ button on the event page. Rewards will be credited to the winners' Copy Trading accounts in trial bonuses. Any withdrawal of funds from your account will result in the forfeiture of the trial bonuses. Event 4: Refer Friends to Trade Futures Referring friends to complete futures trades will enable both you and your friends to receive rewards from this event and earn a 30% lifetime commission based on your invitees' trading fees. Your rewards can accumulate as more of your invitees achieve trading volumes. Click ‘ Refer Now ’ and earn together with your friends. This event is an exclusive benefit to invitees. Each invitee who reaches a cumulative futures trading volume of ≥ 1,000 USDT during the event will be considered as a valid referral, and their volume will be included in the invitees' cumulative trading volume. For invitees who fail to meet the volume requirement, their volume will not be counted towards the cumulative volume. The event rewards will be distributed within 14 working days in the form of the trial bonus after the end of the event. To participate in the Bonanza, you need to click on the Register Now button, on the event announcement page. There is no need to register for each event separately. Don't miss out on the HTX Futures Bonanza! Let your fourfold actions unlock a quadruple chance to skyrocket your 2023 finale and kickstart a golden 2024. About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

December 20, 2023 01:42 PM Eastern Standard Time

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TRON Enhances User Experience with Strategic Blockchain.com Pay Integration

TRON DAO

Geneva, Switzerland, December 18, 2023 - TRON, a leading force in blockchain technology, has announced an integration with Blockchain.com Pay. This move is set to innovate the way cryptocurrency transactions are handled for TRON’s extensive user community. Blockchain.com Pay, aims to provide web3, gaming, and retail sectors with advanced crypto services. This integration with TRON is a significant stride toward simplifying the crypto experience, ensuring a smooth and intuitive journey for users. TRON’s community will benefit from the efficient infrastructure and seamless liquidity access provided by Blockchain.com Pay, available through a simple widget. This development is in line with TRON's commitment to improving user experience and making crypto transactions more accessible and convenient. One of the notable aspects of Blockchain.com Pay is its integration with Blockchain.com's substantial base of over 40 million verified users. This vast network allows for a more efficient KYC procedure and transaction process, benefiting the ecosystem’s users and partners. David Uhryniak, Ecosystem Lead at TRON DAO, said, "TRON is thrilled to integrate Blockchain.com’s solution, Blockchain.com Pay, into the TRON ecosystem. The single widget solution will enable TRON DAO website visitors in supported countries to purchase TRX, the native token of TRON." Blockchain.com Pay aims to challenge existing market solutions like MoonPay and Banxa by offering a comprehensive package that includes fraud management, compliance, KYC, and customer support – all within one integrated system. Lane Kasselman, President of Blockchain.com, expressed his views on this development: “Working with TRON to incorporate Blockchain.com Pay into their ecosystem is a significant move towards simplifying crypto transactions. The combination of TRON's extensive network and our user-friendly platform will greatly benefit crypto users worldwide.” With this integration, TRON and Blockchain.com Pay are set to provide a streamlined, one-click experience for existing Blockchain.com users, This step not only makes entering the crypto space easier for users but also reinforces TRON’s commitment to making blockchain technology more accessible and user-friendly. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of December 2023, it has over 202.04 million total user accounts on the blockchain, more than 6.87 billion total transactions, and over $20.04 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/

December 18, 2023 07:40 PM Eastern Standard Time

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Nextech3D.ai announces company Granted AI Patent for Generating 3D Models from CAD files

Nextech3D.AI

Nextech3D.ai (CSE:NTAR) (OTCQX:NEXCF) CEO, Evan Gappelberg joined Steve Darling from Proactive to announce a significant milestone for the company. Nextech3D.ai has been granted a patent for 3D model generation from Computer Aided Design (CAD) data. This patent is part of the company's previously announced portfolio of patents filed in 2022 and underscores Nextech3D.ai's dedication to advancing 3D technology and AI-powered solutions. Gappelberg highlighted the importance of this patent in enabling Nextech3D.ai to capture a larger share of the rapidly growing 3D model creation market. There is increasing demand for 3D product models for various applications, including virtual reality, augmented reality, e-commerce websites, and more. Virtual reality platforms like the META Quest and the anticipated Vision Pro from Apple rely on 3D models to display objects to users, enhancing the user experience by providing a better sense of what products look like from all angles and perspectives. The granting of this patent reinforces Nextech3D.ai's position as an innovative leader in the 3D technology and AI space, positioning the company to meet the growing demand for high-quality 3D models in various industries. Contact Details Proactive United States Proactive United States +1 347-449-0879 action@proactiveinvestors.com

December 18, 2023 11:03 AM Eastern Standard Time

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Aniview Becomes Google Certified Publishing Partner

Aniview

Aniview, a global provider of video advertising technology and monetization solutions, has been awarded Google Certified Publishing Partner (GCPP) status. The Google Certified Publishing Partner program is an exclusive network of advertising technology businesses that gives publishers and advertisers the confidence to know that they're working with an expert in the field. Entry into the program is granted to partners with a proven track record of helping publishers succeed. “This certification further solidifies Aniview as a credible Google partner and innovator, cementing Anview’s industry reputation for providing publishers and advertisers with advanced video advertising solutions that propel their businesses forward,” said Alon Carmel, Chief Executive Officer, Anview. “With this prestigious recognition from Google, Aniview is eager to continue its mission in powering the most efficient and effective advertising across the open web with unrivaled product versatility, open transparency, and customer support.” Aniview joins the program having demonstrated continued success in developing customized end-to-end video advertising solutions, including video player, video ad server, content management system, mobile SDK, and monetization marketplace for online video and CTV/OTT formats. As publishers face mounting headwinds in generating incremental revenue, Aniview has adapted its product stack to better serve the needs of the publisher ecosystem, including AI-based programmatic monetization capabilities. For more information on Aniview, visit www.aniview.com. About Aniview Aniview is a global adtech and media company whose platform is playing an increasingly central role in delivering efficient and effective video advertising across the open web. The company’s end-to-end solutions are highly flexible and transparent, and they operate on desktop, mobile, in-app, connected TV and over-the-top formats. Aniview’s patented video player technology, high-performance ad server and video marketplace provide flawless video delivery to over 200,000 publishers worldwide and power many of the world’s largest web publishing groups. Founded in 2013, Aniview now delivers, on average, 15 billion ad impressions per month. Contact Details Aniview Vaibhav Pandey info@aniview.com

December 18, 2023 08:15 AM Eastern Standard Time

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HTX Ventures 2023 Year-In-Review

HTX Ventures

Our Journey: 2023 marks a transformative era for the company, as we rebrand from the well-known 'Huobi' to 'HTX', celebrating our 10th Anniversary. Our evolution from Huobi to HTX signifies more than a name change; it's a recommitment to our core values - 'H' for our Huobi heritage, 'T' for our dedication to TRON, and 'X' for the dynamic nature of our exchange. For HTX Ventures, 2023 also marked several structural enhancements, including the integration of the incubation and research departments, to further refine resource allocation and strengthen support systems for our investment and ecosystem partners. HTX Ventures started its journey in 2018 and is dedicated to empowering a wide array of projects that leverage the cutting-edge potential of Web 3.0 and crypto technologies. Our focus spans a diverse range of sectors including DeFi, Real World Assets (RWAs), ZK roll-ups, Infrastructure, NFTs, Digital Identity (DID), SocialFi, Education, GameFi, AI, Layer 1 and Layer 2 projects. This diverse investment approach reflects our commitment to staying at the forefront of technological advancement and innovation. At the core of HTX Ventures' philosophy lie three pivotal pillars: business innovation, robust business models, and operational excellence. These guiding principles are crucial in shaping our investment strategy, ensuring that we not only support ventures at the vanguard of technological innovation but also those demonstrating sustainable and scalable business models. It is this combination of foresight in technology and acumen in business strategy that enables us to identify and nurture ventures with the potential for lasting impact and growth. Our comprehensive investment strategy, which incorporates both direct and fund investing, has led to a significant expansion of our portfolio, now encompassing over 200 ventures. This approach has not only diversified our investment landscape but also enriched our capacity to drive meaningful change across various sectors. Each investment is a testament to our unwavering commitment to fostering innovation, sustainability, and excellence in the dynamic world of Web 3.0 and beyond. 2023 Market Overview and Market Outlook As we reflect on the year 2023, the landscape of the cryptocurrency and blockchain sectors has unfolded a tapestry of significant developments, challenges, and innovations. Infrastructure The year 2023 has been a breakthrough year for infrastructure in the blockchain space. Observing the entire infrastructure ecosystem, we see a multitude of solutions and technological approaches emerging to cater to the ever-increasing variety of Web3 use cases and users. These solutions and approaches, intertwining and overlapping, await market validation. Regardless, they consistently revolve around three key focuses: faster transaction speeds, more decentralized structures, and more secure architectures. The ultimate goal is to create a more user-friendly blockchain network. There's much to discuss regarding infrastructure, and here we select a few noteworthy topics from 2023 for review. Five Notable Infrastructure Topics of 2023 1. Ethereum’s Development Roadmap: As the most expansive public blockchain, Ethereum is a crucial component of blockchain infrastructure, supporting various technologies including Rollup Layer 2 networks and account abstraction. Despite Ethereum's current dominance in Total Value Locked (TVL) and user base, it, along with its associated Layer 2 solutions, still faces challenges like insufficient throughput and transaction costs unsuitable for small, frequent trades. Therefore, Ethereum has continually enhanced its performance through upgrades and forks. In mid-2022, Ethereum achieved its first expansion milestone with 'The Merge', transitioning from Proof of Work (PoW) to Proof of Stake (PoS) consensus, importantly, marking the shift towards a Rollup-centric expansion path. In 2023, Ethereum underwent a significant execution layer upgrade with the Shanghai upgrade, primarily allowing stakers to withdraw their staked ETH and rewards. Contrary to popular predictions that Ethereum's price might suffer due to the large amount of staking withdrawal, the network exhibited robust growth post-upgrade, maintaining stable operations with staking amounts rebounding after a slight drop – a sign of returning confidence among validators. Ethereum's next significant milestone is the anticipated 'Cancun Upgrade' in Q1 2024, which marks a step towards its next major goal: sharding. A key proposal, Pro-Danksharding (EIP-4844), introduces Blob data blocks, offering cheaper data availability for Rollup and Layer 1 interactions, thus reducing Layer 2 transaction costs. In the latter half of the year, Vitalik, co-founder of Ethereum, also raised the topic of "Exit games for EVM validiums: the return of Plasma," calling for a reevaluation of this overlooked expansion technology. While this sparked lively community discussions, Rollup expansion remains Ethereum's mainstream trajectory. In the future, we might see an Ethereum world where Layer 2s primarily execute, with Ethereum's main chain serving more as a consensus layer and data availability layer, providing foundational support for numerous Layer 2 networks. 2. Layer 2 Summer: Layer 2 was a rapidly developing and highly watched sector in 2023. As of now, there are 32 active Layer 2 networks on the market, with Optimistic Rollup and ZK Rollup being the main types, according to L2Beat data. In terms of TVL, Layer 2's overall volume grew nearly threefold in 2023. From a TVL distribution perspective, Arbitrum One and OP Mainnet, both using Optimistic Rollup solutions, occupy the majority of the market share, with Arbitrum ONE accounting for 52% and Op Mainnet for 26.5%. The reasons include Arbitrum's early achievement of EVM compatibility, enabling seamless deployment of Ethereum and other Layer 1 projects. Additionally, the early coin issuance by Arbitrum and OP spurred significant ecosystem growth. In March, following Arbitrum's token airdrop, its ecosystem TVL saw a near twofold increase. However, ZK Rollup public chains lagged in terms of coin issuance and EVM compatibility, leading to slower ecosystem growth compared to Optimistic Rollup Layer 2s. In the flourishing year of Layer 2 networks, we also observed some issues. A primary concern is whether the data growth truly reflects network prosperity or a mere illusion. Many projects incentivize user interaction with the network through airdrop expectations, leading to more projects focusing on designing rules against Sybil attacks and attracting high-standard users. However, we believe that airdrops and token incentives, while effective during their application, quickly lose effect if the project fails to genuinely earn user trust on the product level. Additionally, current Web3 users are far from the general user standard, as mainstream users are relatively passive and less willing to shift between ecosystems. In contrast, current users willing to interact on Layer 2 networks tend to have some knowledge and operational skills. Therefore, this leads to increased customer acquisition and retention costs for the ecosystems, or what can be called ‘involution'. User loyalty to a public chain can easily diminish due to competitors' airdrop expectations and liquidity mining incentives. A prime example is the Blast network, launched in Q4 by Paradigm and Blur founder Pacman, as a Layer 2 network integrating native yield concepts. Blast extended Layer 2’s popularity to year-end, achieving a TVL of $300 million within just a few weeks of its launch. As a project backed by star developers and institutions, Blast distinguished itself in the competitive landscape by focusing on community-driven approaches, maximizing Product-Market Fit with simple yet effective features. This strategic move caught the market’s attention and capital, offering a unique contrast to other Layer 2s still vying for technical superiority and user quality. Overall, we remain optimistic about the future development of Layer 2. With the further completion of EIP-4844 enhancing Layer 2 performance, we anticipate seeing innovative products in DeFi and other non-financial Dapps on Layer 2 in 2024. 3. Modular Blockchain Breaks Through Bottlenecks While most public blockchains continue to evolve towards faster, cheaper solutions in pursuit of becoming the “mainstream” blockchain, a different solution often mentioned in 2023 is modular blockchain. Strictly speaking, rollups are also a form of modular technology, focusing on the blockchain's execution layer. This year, we observed increased attention towards the Data Availability (DA) layer in modular blockchains, such as Mantle and Celestia. Mantle, as a modular Rollup, uses its built-in data availability layer to free Layer 2 from Ethereum's data availability constraints. Celestia, on the other hand, is building a universal modular blockchain, allowing blockchains built on Celestia to use it as their data availability layer. We believe modular technology brings greater freedom; applications or Layer 2s are not bound by the main chain's performance and can gain greater autonomy and customizability. Although practical use cases for modular blockchains like Celestia are still few, we see promising growth in this direction. However, we cannot ignore the complexities and security challenges accompanying the advancement of modular technology. This complexity is not only from a user perspective, as understanding a single blockchain's performance is relatively easy compared to comprehending the interactions with other modular layers. For developers, the interaction between multiple chains in modular blockchains exposes more security risks. 4. The Current State of Application Chains: After the previous DeFi Summer, application chains emerged as a new approach to address network congestion and lack of autonomy. A pioneering example is the decentralized perpetual contract dYdX, initially deployed on Starkware. In October this year, we witnessed the mainnet launch of dYdX V4, marking its transition from an application to an application chain. Architecturally, dYdX chose Cosmos SDK, a popular application chain framework that allows application chains to customize consensus mechanisms based on real needs and interact with other chains in the Cosmos network through the IBC protocol. Currently, over 70 application chains have been deployed on the mainnet on Cosmos, becoming a mainstream implementation solution for application chains. The primary advantages of applications developing their own chains include: Performance Improvement: Application chains on the Cosmos network can leverage Cosmos' 10,000 TPS speed advantage. As they do not compete for block space with other applications, the environmental impact on the application itself is minimized. Cost Reduction: In terms of transaction costs, application chains have significant advantages. For example, dYdX V4 redesigned gas fees, allowing users to pay fees proportional to their transaction volume instead of a fixed gas fee, offering an experience akin to centralized exchanges. Increased Autonomy: Application chains can tailor solutions in various aspects, such as smart contract upgrades, data availability, and sequencer settings, according to the application's needs. However, the transition to application chains also poses challenges, such as: Liquidity Isolation: Independent application chains increase the difficulty for external protocols to interact with them. On Ethereum or other monolithic blockchains, the cost and barriers to interaction between applications are low. In contrast, application chains, being separate from other ecosystems, make cross-chain interactions the only way to engage with other ecosystems. Security: The consensus security of smart contract applications is directly influenced by the security of the blockchain they are deployed on. The so-called security essentially depends on the public chain's market value. For application chains, their own market value determines their ability to sustain the assets on their protocols. This can be unfriendly for projects with smaller market values. Therefore, we believe that application chains are not suitable for all applications. For example, projects that frequently interact with other contracts and have smaller market values are better off staying on a secure, thriving public chain. On the other hand, for projects requiring fast, low-cost transaction experiences, unsatisfied with the constraints of the public chain, and having a substantial user base, application chains can be an optimal way to maximize their protocol's value. 5. Account Abstraction Opens the Door to Hundreds of Millions of Web 3.0 Users: The concept of account abstraction first emerged in 2022, and with the update of EIP-4337 - an account abstraction proposal which completely avoids consensus-layer protocol changes, instead relying on higher-layer infrastructure - numerous teams began developing products around it. In terms of end-user products, the focus has mainly been on smart contract wallets integrating account abstraction, offering features like social login, social recovery, gas fee delegation, and batch transaction processing. Many teams have delivered products in this space in 2023, such as Argent, Avocado, and Unipass, each innovating significantly in user experience. According to Dune Analytics, there are nearly 1.4 million accounts created based on EIP-4337, generating close to 7 million transactions (UserOps). As of the time of this article, there are over 400,000 active smart contract accounts monthly. Looking forward, we believe account abstraction has the potential to unlock the door to mass Web3 adoption. However, it still faces challenges, including increased security risks due to more complex technology stacks and rising gas fees. Therefore, we see Layer 2s, with their lower fee structures, as the ideal platform for developing account abstraction technology. DeFi Compared to the multiple significant incidents in 2022, the year 2023 was a period of stable development for DeFi (Decentralized Finance). In terms of protocol variety, there are now over 30 types of DeFi protocols, indicating a market that is more segmented and specialized than last year. Narratives around LSD (Liquid Staking Derivatives) and RWA (Real-World Assets) have brought new users and attention to DeFi. Below, we highlight some of the DeFi topics we believe are worth noting from 2023. Three Noteworthy DeFi Trends in 2023: 1. Current State of DeFi Protocols: In 2023, DeFi maintained a stable Total Value Locked, with $47 billion locked in DeFi contracts as of the time of writing, a 23.6% increase from $38 billion on December 31, 2022. In terms of public chain dominance, Ethereum holds a 56% share, maintaining a clear lead, followed by Tron with a 16% share. Among projects, Lido, Maker, and Justlend rank in the top three in TVL, with Lido alone accounting for 41% of the entire chain's TVL. Revenue-wise, Maker leads with daily earnings of $500,000. Among the top twenty revenue-generating projects, eight are exchanges or derivatives exchanges, and three are lending protocols. Exchange and lending remain the top protocol types for generating value in DeFi, albeit in a highly competitive environment. Currently, there are over 1000+ decentralized exchange protocols spread across 234 public chains. 2. Real-World Assets (RWA): RWA is a new DeFi theme that cannot be overlooked in 2023. It has drawn significant attention in a relatively subdued market. Typically, RWAs focus on off-chain rights confirmation and transferring off-chain assets and their associated returns to the blockchain. Legal tender stablecoins, as a form of RWA, have already demonstrated their critical use case in the cryptocurrency market. Other real-world assets linked to RWA saw a surge in 2023, with MakerDAO’s U.S. Treasury Bonds RWA reaching a scale of $2.8 billion, marking the first step towards large-scale RWA application. Avalanche has also developed its RWA ecosystem, aiming to provide a suitable on-chain platform for traditional institutional capital. The macro background here is the Federal Reserve's interest rate hike, which led to U.S. Treasury yields rising to 5%. In 2023, when overall DeFi market returns were low, transferring real-world returns to the blockchain was a natural progression. However, future advancement in RWAs will require extensive off-chain infrastructure, improved regulation, and advancements in on-chain oracles, wallets, and cross-chain technology. Nevertheless, the door to on-chain real assets has been opened, and we anticipate seeing more potential in RWA assets in 2024. 3. Decentralized Stablecoins: For mainstream stablecoins like USDT and USDC, there has always been criticism about their centralized risks. Currently, USDT and USDC command over 90% of the market share. The depegging incident of USDC in March heightened discussions about the risks of centralized stablecoins. The crypto market has continually experimented with creating a crypto-native stablecoin as detached as possible from traditional world risks. As of November 29th, there are over 120 stablecoins issued through over-collateralization (CDP), and we've seen a trend in 2023 where major DeFi protocols are developing their native decentralized stablecoins. Examples include Curve's crvUSD and AAVE's GHO, with crvUSD reaching a circulation of 140 million and AAVE minting 3.48 million GHO on Ethereum. Although there are many challenges yet to be resolved in the development of decentralized stablecoins, such as GHO's price not consistently pegging to $1 since its launch, we expect to see more native crypto stablecoins in the future, reducing reliance on USDT and USDC. Bitcoin As we approach the end of 2023, Bitcoin has regained robust momentum, notably breaking the $40K barrier for the first time in a year since October. Market has shown a significantly bullish indicator over Bitcoin and its related assets. However, questions arise: Will this trend sustain into the coming year, or is it merely a short-term hype driven by expectations of ETF approval? Today we will delve into the underlying fundamental drivers and discuss our view towards the future outlook on the bitcoin ecosystem. Key Catalysts Fueling Bitcoin's Growth: 1. Favorable Macro Environment Bitcoin has shown an outperformance trend in late 2023 compared to traditional TMT equities. With that being said, the market has already priced in the factors of interest rate decline in the upcoming months, while the investors expect that economic recovery may take a longer period of time to be reflected on the corporate balance sheet. Meanwhile, investors have been on an active outlook to hedge against the unstable geo-political and economical crisis upon 2023. Granted by the inherent store-of-value attributes, Bitcoin evolves as “digital gold” and has been considered to be a new type of alternative assets for investors. 2. Anticipated Money Inflow from Institutions One of the key market sentiment drivers among Bitcoin trading is the active Spot ETF application from various traditional Asset Managers. This indicates the embracement and recognition of investment values on Bitcoins from the traditional markets. On another hand, approval on spot ETFs is anticipated to bring in new money inflow and liquidity from the institutional markets, with the participation from Authorized Participants and Market Makers, pushing further trading activities and capital efficiency on Bitcoin markets. Aside from this, traditional financial institutions have also spearheaded efforts on Web3 adoption by setting up web3 strategy and investment arms. For example, Standard Chartered Bank, Nomura (Laser Digital), UOB, JP Morgan, etc. This has further strengthened the bullish sentiment and potential new money inflow from traditional finance on Bitcoin or even the broader crypto ecosystem. 3. Bitcoin Halving Bitcoin’s next halving will take place in Q2 2024. Halving events occur every four years, where the block reward for Bitcoin mining is shrinked half. This process will significantly reduce the inflation rate of Bitcoin. Based on historical trajectory, the market in general anticipates that Bitcoin prices will reach All-Time-High upon half year post-halving. Further fueled by the capital inflow anticipation from traditional institutions, the demand has largely outstripped supply for Bitcoin market, pushing further surge on Bitcoin prices. 4. Innovations from Bitcoin Ecosystem The POW blockchain of Bitcoin was designed mainly for transfer of value initially with lack of composability. The recent breakthrough on technical architecture brought by taproot, ordinals and other emerging standards have brought in further composability, programmability and transaction efficiency on Bitcoin. These further unlock the potential on Bitcoin for trustless staking, complex Defi strategies, or even gaming. Bitcoin as a bluechip cryptocurrency with an existing huge penetration rate, under such technical advancement, is anticipated to achieve further adoption in the near future. With these factors in play, we maintain a bullish stance on Bitcoin's growth in the upcoming year. Active product development initiatives observed over the past year indicate several key areas to watch within the Bitcoin ecosystem: Developer SDKs and Marketplaces: Oyl, Unisat ZK Rollups: Bison, Chainway, Alpen Labs EVM L2s/ Scaling Solutions: Botanix Labs, B2 Networks, Bitcoin Wizard Side Chains: Liquid Network, Threshold Network Staking: Babylon In conclusion, these developments and initiatives suggest a vibrant and evolving landscape for Bitcoin, positioning it for continued growth and innovation in the foreseeable future. SocialFi Since 2021, the SocialFi track has gradually entered the crypto community's radar. Similar to the social and entertainment attributes of blockchain games, it is considered a phenomenon-level track capable of attracting a significant influx of new Web3 users. Compared to the relatively lukewarm situation of the entire track in 2021-2022, some innovations in gameplay and design in the SocialFi track gained notable traction in 2023. As shown in the following figure, the entire SocialFi track has experienced favorable development over the past year, with mainstream projects accumulating nearly 4 million+ wallet interactions, and new projects like Galxe, Friend.Tech, and Sismo gaining substantial traffic. From the perspective of specific blockchains, current major SocialFi project interactions are concentrated on Polygon and Base chains, with other chains receiving less traffic in the social domain. In addition to providing stable networks, fast processing speeds, and low interaction costs, Polygon has actively developed various gaming, NFT, and application projects within its ecosystem over the past 1-2 years. Collaborating with Web2's major IPs has garnered significant traffic from both within and outside the crypto domain, showing a consistent and stable traffic growth in the SocialFi track. Base, benefiting from the substantial traffic brought by Friend.Tech, currently occupies half of the SocialFi track's traffic. Other chains, like Ethereum and BNB, are experiencing comparatively slower community-related traffic growth. Currently, SocialFi track projects are mainly divided into three mainstream development directions: 1. Social Infrastructure: Social infrastructure forms the foundational building blocks and universal tools for the entire SocialFi track. Unified, simple, and convenient infrastructure helps lower user barriers, reducing usage hurdles between different Dapps while accumulating more users and data. Projects like Galxe, Lens, and CyberConnect have entered from various dimensions, connecting users and Dapps, becoming the traffic portals and interfaces for the Web3 SocialFi track. This track is expected to experience phased traffic growth opportunities with the further maturity and explosion of ecosystem projects. 2. Social Dapps: Social Dapps represent the largest project category within the SocialFi ecosystem, showing a vibrant development trend. These include forums, fan platforms, streaming media, social games, social identity, etc. Dapps are the most direct point of contact and binding with users. In 2023, some projects achieved good development results, with Friend.Tech's ecosystem being particularly prominent due to its clever economic design and capital amplification factors, providing a valuable reference for subsequent social project development and design. The main development direction of Social Dapps is focused on decentralized resistance to censorship and engaging gameplay for traffic growth, satisfying the needs for social privacy and social gaming attributes. This track currently hosts a plethora of project developers and active players, nurturing potential Alpha projects for the next bull market in the SocialFi track. Other projects like Facaster, Nostr, and RepubliK also have considerable discussion in the market. Generally, most Social Dapps are in the mid-development stage, either operational or in test runs, with potential project launches or token issuances following the launch of infrastructure projects. 3. Social Bots: Social bots have been another type of project attracting market traffic in the SocialFi track in 2023, primarily built on Telegram. These include trading bots, farming bots, and Q&A bots, with representative projects like Unibot, Banana Bot, Wagie Bot, and LootBot. These projects are mainly created on Telegram, a social network platform with 800 million monthly active users, implementing encrypted transaction applications. Strictly speaking, social bots are Web3 projects derived from Web2 social interactions, whose convenience greatly lowers the entry barrier for users, effectively utilizing platform advantages to expand a significant number of new crypto users. These Web2-friendly projects have broad market demand and development prospects. Similar to games and Social Dapps, social bots are also one of the incremental tracks for the next bull market. In summary, the Web3 SocialFi track is in the early-to-mid stages of development, relying on the maturity of other infrastructure constructions, including but not limited to cross-chain information transmission, data storage, transaction cost reduction, and compliance issues. Current SocialFi track project types mainly include social infrastructure, Social Dapps, social bots, and other social tools. Among them, Social Dapps have the most diverse categories and are most likely to nurture Alpha products for the next bull market. A large number of developers are currently developing Web3 social products, and capital is gradually paying attention to and investing in this track. With the launch and token issuance of some popular projects, the market heat of the SocialFi track is gradually climbing. While the SocialFi track presents opportunities, it's also important to be aware of the challenges it faces, including the need for more robust infrastructure, bottlenecks in new user growth, and potential regulatory issues. Overall, the crypto social track is expected to see a concentration of project maturity, launches, and token issuances in 2024, holding promising investment potential and growth prospects. GameFi The gaming sector in 2021 witnessed a significant influx of traffic and capital, followed by a cooling off in 2022. The reduction in the 'wealth effect' led to a steep decline in games reliant on 'play-to-earn' models for user growth. In 2023, the gaming sector exhibited a more stable performance. Originating in the bull market as a traffic-driven sector, already-tokenized blockchain games went through prolonged consolidation during the bear market. Many projects financed towards the end of the bull market have nearly completed their development, suggesting a continued positive impact on traffic and project performance in this cycle.As per data shown below, gaming projects continued to show a steady growth trend in 2023. According to Footprint Analytics (data as of December 1, 2023), there are over 2,600 blockchain game contracts in the current market, with a circulating market value exceeding $6.5 billion, daily transaction volumes surpassing $6 million, and daily active addresses exceeding 1 million. Despite the bear market, the sector maintained a certain level of activity. From an ecosystem perspective, daily active addresses in the market exceed one million, with the bulk of absolute traffic concentrated on the Wax chain. Benefiting from its low interaction costs and swift settlement experience, Wax has maintained its leading market share through both bull and bear markets. Other public chains like Near, Celo, and Polygon also hold significant market shares. In terms of GameFi project development, overall, the growth in gaming projects in 2023 exceeded that of 2022, thanks to the development and maturation of startups from the last bull market. The BNB chain continues to host the most gaming projects, followed closely by Polygon, Ethereum, and Wax, each holding a significant share in game ecosystem deployments. The blockchain gaming ecosystem in 2023 demonstrated steady development, and this track is expected to perform well in the next bull market. Unlike the previous bull market, driven by tokenomics, the next cycle may shift focus from play-to-earn to entertainment value, with the long-term entertainment attributes of games being re-evaluated. As one of the most anticipated user traffic tracks in Web3, the next bull market is expected to break new ground in user accessibility, facilitating a seamless transition for Web2 users to blockchain games. Additionally, in terms of game types, alongside traditional blockchain games, the development of high-quality 3A games and full-chain games has become a key focus during this bear market. 3A games, with their high production values and playability, are poised to attract a phenomenal increase in users. Meanwhile, exploration in full-chain games is expected to bring about new types of asset interactions and gameplay upgrades, enriching game design and experiences. Summary Outlook for 2024 As we advance into 2024, HTX Ventures stands at the forefront of a transformative phase in the blockchain and cryptocurrency sectors, buoyed by optimism and a clear vision. Key trends and developments that are poised to shape the crypto landscape in the coming year include: - Trading Innovation: The rise of sophisticated trading bots and novel trading infrastructures is a testament to the ongoing innovation in trading mechanisms, hinting at more dynamic and efficient market interactions. - Layer 2 Evolution: With the eagerly anticipated Cancun upgrade, the intensifying competition among Layer 2 solutions will likely catalyze significant advancements in scalability and efficiency, further solidifying this sector's critical role. - Web3 and X-Fi Dynamics: A notable shift toward authentic Web3 projects, such as the success of platforms like Friend.tech, signals an evolution towards a more integrated approach, blending social and gaming elements within the crypto realm. - Convergence with Traditional Finance: The discourse around Bitcoin ETFs and Real-World Assets (RWAs), particularly with the potential for a Bitcoin spot ETF breakthrough, underscores a growing convergence between traditional finance and the crypto industry, potentially marking a new era of market growth and mainstream acceptance. In 2024, HTX Ventures remains committed to navigating these developments, leveraging our expertise and insights to support and enhance projects that are not only at the forefront of technological innovation but also strategically positioned for long-term impact and success. Our optimism for the coming year is rooted in the potential of these trends to catalyze meaningful advancements and create new opportunities in the ever-evolving crypto landscape. About HTX Ventures: HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Written by: Haiyi, Juliet, Gigi, Jenny Reference: https://www.eip4844.com/ https://www.erc4337.io/ https://vitalik.ca/general/2023/11/14/neoplasma.html https://dune.com/niftytable/account-abstraction https://defillama.com/ https://defillama.com/stablecoins https://gho.xyz/ https://crvusd.curve.fi/ https://www.demandsage.com/telegram-statistics/#:~:text=How%20Many%20People%20Use%20Telegram,800%20million%20monthly%20active%20users. https://www.footprint.network/research/gamefi/game-overview/chain-stats?series_date-79658=past90days~ About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide.With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. Contact Details Michael Wang glo-media@htx-inc.com

December 15, 2023 01:11 PM Eastern Standard Time

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