Cryptomang logo Cryptomang logo
cryptomang 2021-08-06 07:05:00

Torum, A Social Media Platform Announces Strategic Investment By Huobi Ventures HECO Funds

Torum, a social media platform for nonfungible token innovations, has announced a strategic investment from Huobi Ventures, the $100 million venture arm of Huobi Group to promote adoption of blockchain and the expansion of the ecosystem. On the eve of the project's first anniversary, Torum published its strategic expansion plan for the H2 ecosystem, which prioritises the creation of a single-source crypto ecosystem. The plan includes key elements aimed at solving the problem of information asymmetry in industry and improving the link between project communities and social ecosystems. The H2 plan caught the attention of Huobi VC and HECO Fund, which led to the investment in Torum. Huobi joined Torum to help expand the Huobi’s ecosystem in marketing and community building, and to connect Huobi-based projects with Western markets.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.