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HTX Ventures Spends Entire Budget on Stuff Nobody Asked For, Still Calls It a Strategic Masterstroke

BitcoinDeFiEthereum Doug Martinez August 19, 2024

An illustration of a large Bitcoin sitting at a poker table surrounded by empty chairs and scattered playing cards, with six smaller Bitcoins each representing a different area of focus for HTX Ventures (BTCFi, multichain infrastructure, etc.) standing around it looking confused or disinterested; in the background, a graph showing slow growth

The never-ending parade of crypto bros touting their “strategic investments” and “blockchain innovation”. Let’s take a closer look at this half-baked report from HTX Ventures, shall we? They’ve invested in 23 projects across six key areas (because who needs focus when you can spread yourself thin?), including Bitcoin decentralized finance (BTCFi), because apparently the world was missing out on smart contract capabilities for good ol’ BTC. And by “missing”, I mean nobody asked for it.

Source: cointelegraph

Strategic blockchain investments by HTX Ventures: A mid-year analysis
https://cointelegraph.com/news/strategic-blockchain-investments-by-htx-ventures-a-mid-year-analysis
HTX Ventures has released its 2024 Half-Year Investment Report, outlining its strategic investments and focus areas for the first half of the year. As a significant player in the blockchain venture capital (VC) sector, HTX Ventures targeted six key areas and invested in 23 projects to drive innovation and address the core challenges of Web3, as shown in the Figure below. One of the core areas of focus for HTX […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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