HTX Ventures Provides Exclusive Sponsorship for Zen Zone at ETHDenver 2024, Monitoring Ethereum Ecosystem's Growth and Innovation | News Direct

HTX Ventures Provides Exclusive Sponsorship for Zen Zone at ETHDenver 2024, Monitoring Ethereum Ecosystem's Growth and Innovation

News release by HTX Ventures

facebook icon linkedin icon twitter icon pinterest icon email icon Singapore | March 04, 2024 02:25 AM Eastern Standard Time

During ETHDenver 2024, HTX Ventures attended the event and exclusively sponsored the Zen Zone. This highlights HTX's close observation of how technological advancements drive the growth and innovation of Ethereum and its ecosystem, while remaining committed to advancing Web3 infrastructure and ecosystem development. In doing so, HTX Ventures supports the next generation of Web3 enterprises and contributes to the development of the HTX ecosystem.

HTX Ventures, the global investment arm of HTX, adopts a strategy of direct investment and fund investment, having invested in over 200 projects in 2023. These projects span various fields, including infrastructure, DeFi, RWA, L1 & L2 public chain ecosystems, SocialFi, NFTs, and education. Seeking to explore emerging business models within the industry, it offers comprehensive support to collaborative projects, including financing, resources, and strategic consulting, to foster the growth of the blockchain ecosystem.

HTX and HTX Ventures view Ethereum as a vast ecosystem that supports a wide array of applications. Its emphasis on scalability, privacy, and decentralized governance is poised to drive Ethereum towards its vision of becoming a decentralized platform for the new era of digital interaction and collaboration.

In HTX Ventures' research report, "Layer2: Status and Trends," it is highlighted that the year 2023 witnessed a major reshuffling in the landscape of new public chains. It's highly unlikely for new public chain projects to replace Ethereum's dominant position in the blockchain space. However, a Layer 2 project, capable of attracting funds, users, and developers from Ethereum, outperforms new public chain projects in bear markets. Layer 2 not only solidifies Ethereum's position but also acts as a catalyst, boosting the value of ETH.

HTX Ventures also noted that decentralized sequencers represent one of the solutions to address security and fairness issues in Layer 2 networks. Furthermore, the upcoming EIP-4844 is expected to further reduce the cost of Layer 2 Rollups, thereby promoting the adoption of Layer 2 projects. Consequently, the Layer 2 sector has the potential to emerge as a catalyst for the next bull market.

Furthermore, HTX Ventures emphasizes that many projects within the Ethereum ecosystem have yet to launch their tokens. The potential for wealth creation in these projects may extend into the next bull market, attracting widespread attention from users and investors. Additionally, in 2024, the Web3 sector is poised for deep integration, improved regulatory adaptability, and a trend towards maturity. This will facilitate the gradual implementation of interoperability between chains and ecosystems, driving the cryptocurrency market towards maturity and mainstream adoption. Moving forward, HTX and HTX Ventures are dedicated to closely monitoring the innovation and development of the Ethereum ecosystem, while continuously advancing investment and project incubation to nurture the next generation of Web3 enterprises.

From February 23 to March 2, ETHDenver 2024 unfolded in Denver, USA. The BUIDLWeek event took place from February 23 to February 28, followed by core activities from February 29 to March 2. Renowned as one of the world's largest and longest-running Ethereum gatherings, ETHDenver primarily attracted Ethereum ecosystem enthusiasts, designers, and developers. The Zen Zone at ETHDenver 2024 provided attendees with a relaxation area featuring various therapeutic experiences.


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.


Contact Details


Michael Wang


Company Website