ProjectX Announces Collaboration with HG Ventures
ProjectX x HG Ventures
FOR IMMEDIATE RELEASE 09/05/21
HG Ventures has formed a strategic partnership with ProjectX
New York, NY: ProjectX and HG Ventures have announced today that they have formed a strategic partnership. HG Ventures will be an investor and strategic partner for Project X, and will be helping to scale the business development, marketing, and community building for Project X in Korea and SE Asia.
HG ventures is a Korean based VC firm, which discovers and invests in projects that can bridge the gap between real life and blockchain. They strongly believe that Blockchain projects bring innovative and disruptive results, and began investment since 2016 into more than 100 projects to date.
Project X solves the problems associated with the lack of transparency and complications in the NFT market by making NFT investments liquid, accessible, and secure
through its unique and dynamic NFT-pegged ETFs. Additionally, it makes NFT collecting more
lucrative and beneficial for all by offering an array of liquidity mining & rewards farming programs. Due to the NFT/ DeFi nature of the project, ProjectX in particular addresses the market of cryptocurrency trading and yield-based investments (specifically to the DeFi and NFT
ProjectX CEO John Slyusarev said, “We are very proud of establishing this partnership, and believe that we will be able to achieve our short and long term goals of scaling up our development and community efforts.” Both sides will be able to effectively utilize their in depth experience in the crypto and venture capital industries, further adding to the organic growth of the NFT and DeFi ecosystem.
ProjectX works to provide the most secure and simplified way to gain exposure to the NFT market by further developing current investment vehicles with the use of indexes and ETFs. The aim is to create different themed pools of NFTs which include Music, Digital Art, Sports Cards, and KOL issued NFTs to name a few. At the same time ProjectX is solving the liquidity problem for NFT owners.