{"id":20588,"date":"2021-08-05T22:47:40","date_gmt":"2021-08-05T21:47:40","guid":{"rendered":"http:\/\/bitcoinprbuzz.com\/?p=20588"},"modified":"2021-08-19T16:07:59","modified_gmt":"2021-08-19T15:07:59","slug":"social-media-platform-torum-announces-strategic-investment-by-huobi-ventures-heco-fund","status":"publish","type":"post","link":"https:\/\/wire.bitcoinprbuzz.com\/social-media-platform-torum-announces-strategic-investment-by-huobi-ventures-heco-fund\/","title":{"rendered":"Social Media Platform Torum Announces Strategic Investment by Huobi Ventures HECO Fund"},"content":{"rendered":"<p><strong><b>Bitcoin Press Release<\/b><\/strong>: <em><i>Torum announces strategic investment by Huobi Ventures, the $100 million venture arm of Huobi Group to foster blockchain adoption and ecosystem expansion.<\/i><\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong><b>5th August 2021, Kuala Lumpur, Malaysia<\/b><\/strong>\u00a0\u2014 On the eve of the project\u2019s 1<sup>st<\/sup>\u00a0year launch anniversary, <a href=\"https:\/\/www.torum.com\/\"><u>social media platform Torum<\/u><\/a>\u00a0has released its H2 strategic ecosystem expansion plan, prioritizing the construction of a one-stop crypto ecosystem. The plan includes core features that aim to solve the industry\u2019s information asymmetry problems and improve the connection between projects and communities through a social-based ecosystem.<\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"color: #333333;\"><strong><b>Torum H2 Strategic Ecosystem Expansion Plan<\/b><\/strong><\/span><\/h2>\n<p>The <a href=\"https:\/\/www.torum.com\/\"><u>Torum<\/u><\/a> H2 Strategic Ecosystem Extension plan will include numerous core features, including:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Torum NFT Launchpad: The INO platform for projects to issue a set of limited-edition NFTs to the community<\/li>\n<li>Torum NFT Marketplace: The first social-infused NFT marketplace with the ability to market NFTs to the users of Torum.<\/li>\n<li>Torum Airdrop: A premium section for projects to conduct airdrop to the Torum community<\/li>\n<li>Torum News: A one-stop news and information aggregator for projects<\/li>\n<li>Torumgram: A bridge that connects Telegram groups and channels into Torum<\/li>\n<li>Torum Lounge: An audio-only board to conduct AMA and close-engaging events.<\/li>\n<\/ul>\n<p><strong><b>\u00a0<\/b><\/strong><\/p>\n<p>The expansion plan has caught the attention of the Huobi Ventures\u00a0HECO Fund, which led to the strategic investment of the VC firm on Torum. With Huobi Ventures coming into the fold, Torum will assist in the expansion of the Huobi ecosystem from marketing and community building aspects, particularly in connecting Huobi and HECO-based projects with the Western market.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><b>Yi Feng Go, CEO &amp; Founder of Torum<\/b><\/strong>\u00a0said that:<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><em><i>\u201cCommunity consensus has always been the largest asset of Torum. However, the vast potential of a social media ecosystem like Torum is yet explored completely at such an early phase. With the support of Huobi Ventures, we are confident that Torum can grow exponentially by bringing onboard HECO-based projects and their communities for the next 6 to 12 months. We are super excited to be working closely with ecosystem partners like Huobi Ventures.\u201d<\/i><\/em><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>As part of the strategic investment, Huobi Ventures will provide resource access to exclusive media partners, community building, and project connections for Torum. The resource integration from Huobi will further expand the ecosystem outreach of Torum, which has already accumulated over 64,000 cryptocurrency enthusiasts from over 10 countries, including the U.S, Canada, Latvia, Spain, Germany, France, Poland, Malaysia, etc.<\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"color: #333333;\"><strong><b>Huobi Ventures and HECO<\/b><\/strong><strong><b>\u00a0<\/b><\/strong><\/span><\/h2>\n<p>One of the key focuses of <a href=\"https:\/\/www.torum.com\/\"><u>Torum<\/u><\/a>\u00a0for H2 2021 is to bring onboard quality HECO-based projects to its social media ecosystem. With the support of Huobi Ventures, Torum can provide premium benefits to HECO-based projects including access to the Western market, community building tools, brand exposure, community integration, and more.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><b>Loki, Investment Manager of Huobi Ventures<\/b><\/strong>\u00a0commented that:<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><em><i>\u201cHuobi Ventures<\/i><\/em><em><i>\u00a0HECO Fund<\/i><\/em><em><i>\u00a0strives to expand the Huobi ecosystem and welcome high-quality HECO-based projects like Torum. With the addition of a crypto-centric social media platform to our portfolio, we can utilize the core features of Torum like NFT Launchpad to provide community and resources outreach for the projects on the HECO ecosystem.\u201d<\/i><\/em><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>Visit the <a href=\"https:\/\/www.torum.com\/\"><u>Torum<\/u><\/a>\u00a0website to have a glimpse into the future of social media, or keep up to date with all Torum developments through the company&#8217;s official <a href=\"https:\/\/twitter.com\/torum_official\"><u>Twitter<\/u><\/a>\u00a0account.<\/p>\n<p><strong><em><b><i>\u00a0<\/i><\/b><\/em><\/strong><\/p>\n<p><strong><b>About Huobi Ventures<\/b><\/strong><strong><b>\u00a0<\/b><\/strong><strong><b>HECO Fund<\/b><\/strong><\/p>\n<p><a href=\"https:\/\/www.huobi.com\/en-us\/capital\/\"><u>Huobi Ventures<\/u><\/a>\u00a0is a wholly-owned subsidiary of the world\u2019s second-largest cryptocurrency exchange, Huobi Group is focused on boosting the firm\u2019s investment portfolio and providing long-term support for innovative blockchain projects.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/eco.huobi.com\/en-index.html\"><u>Huobi Ventures H<\/u><u>ECO Fund<\/u><\/a>\u00a0mainly invests in upstream and downstream initiatives in the global blockchain industry. In addition to its exchange business, its investments also cover the primary market, secondary market quantitative funds, investment banking, incubators, asset management, wallets, mining, market data vendors, the global community, media, cybersecurity, public chains, DAPP, and platforms, regulation, talent recruiting, training, and research.<\/p>\n<p><strong><b>\u00a0<\/b><\/strong><\/p>\n<p><strong><b>About Torum<\/b><\/strong><\/p>\n<p><a href=\"https:\/\/www.torum.com\/\"><u>Torum<\/u><\/a>\u00a0is the world&#8217;s first DeFi + NFT integrated social media platform that is specially designed for cryptocurrency users. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital, and 15 other prominent crypto VCs, Torum is now one of the fastest-growing crypto social media platforms with an impressive 20 \u2013 30% monthly user growth rate.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><b>Torum Socials<\/b><\/strong><\/p>\n<p><a href=\"https:\/\/twitter.com\/torum_official\"><u>Twitter<\/u><\/a>\u00a0|<a href=\"https:\/\/t.me\/torum_official_group_en\"><u>\u00a0Telegram<\/u><\/a>\u00a0|<a href=\"https:\/\/medium.com\/torum-official\"><u>\u00a0Medium<\/u><\/a>\u00a0|<a href=\"https:\/\/www.facebook.com\/torum.official\"><u>\u00a0Facebook<\/u><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong><b>Media Contact Details<\/b><\/strong><\/p>\n<p><strong><b>Contact Name<\/b><\/strong>: Jayson Tan<\/p>\n<p><strong><b>Contact Email:<\/b><\/strong>\u00a0<a href=\"mailto:hello@torum.com\"><u>hello@torum.com<\/u><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><em><i>Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.\u00a0<\/i><\/em><\/p>\n<p>&nbsp;<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Press Release: Torum announces strategic investment by Huobi Ventures, the $100 million venture arm of Huobi Group to foster blockchain adoption and ecosystem expansion. &nbsp; 5th August 2021, Kuala Lumpur, Malaysia\u00a0\u2014 On the eve of the project\u2019s 1st\u00a0year launch anniversary, social media platform Torum\u00a0has released its H2 strategic ecosystem expansion plan, prioritizing the construction [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_jf_save_progress":"","_jet_sm_ready_style":"","_jet_sm_style":"","_jet_sm_controls_values":"","_jet_sm_fonts_collection":"","_jet_sm_fonts_links":""},"categories":[1750],"tags":[1826,1845],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.7 - 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