Huobi Global to Invest Web3 Public Chain Cube as Latest Strategy to Expand Web3 Ecosystem

Huobi Global, a world-leading cryptocurrency exchange and blockchain-solutions provider,  announced its investment in Cube, a public chain that provides innovative infrastructure for Web3 and the metaverse. The launch underscores Huobi Global's latest strategy to expand its Web3 ecosystem.

Cube, formerly Cube Chain, is a new, modular, permissionless and Ethereum Virtual Machine (EVM) compatible public chain with a design based on multichain and layered architecture. It offers breakthrough technologies such as proprietary collaborative rollups, chaos consensus, non-linear infinite storage and an innovative Time Crossing protocol for Web3 infrastructure. 

To help more people transition to Web3, Huobi Global is focused on embracing and developing Web3 infrastructure and the metaverse, where there is huge potential in the explosive growth of blockchain applications such as nonfungible tokens (NFTs), decentralized finance (DeFi) and GameFi.

"Huobi Global has picked Cube as one of the public chains we will invest in under our Web3 development strategy. In the near future, we will continue to invest in more public chains, as we are optimistic about Web3 and are committed to improving its infrastructure," said Lily Zhang, chief financial officer of Huobi Global.