KuCoin Launches $100 Million Fund to Support NFT Projects

NFTKuCoin Launches $100 Million Fund to Support NFT Projects


Global crypto trading platform, KuCoin today announced that KuCoin Ventures, the company’s venture capital arm, and Windvane, KuCoin’s NFT marketplace, have introduced a $100 million creators fund to facilitate the growth of emerging NFT startups.

The fund will support and incubate early-stage non-fungible token projects covering a broad range of sectors, including sports, GameFi, Asian culture, and arts. Moreover, it will also invite 99 exceptional NFT creators to join the Windvane NFT marketplace to enhance the growth of Web3.

According to KuCoin, the company’s recently launched $100 million creators fund is a major step towards its expansion in the NFT space. The digital exchange noted that young artists, entrepreneurs, and creators will be able to build a democratic decentralized NFT marketplace.

KuCoin Ventures’ Chief Investment Officer, Justin Chou, commented: “KuCoin NFT Marketplace – Windvane is an emerging marketplace. With its user-first and community-driven mission, Windvane will support Web 3.0 creators globally to revolutionize the NFT industry. We are thrilled to partner with Windvane to launch the $100 Million ‘Creators Fund’, which we believe would benefit users, creators, communities, and project founders in the Web 3.0 world.”

Earlier this year, digital asset trading platform Huobi announced a $100 million campaign to explore possibilities in the metaverse.

Web3

KuCoin highlighted that the fund will play an important role in the transition from Web2 to Web3. The company also outlined the rapid development of NFTs and their integration in sports, culture, and games.

Johnny Lyu, the CEO of KuCoin, said: “At the current stage of KuCoin’s comprehensive and in-depth expansion of the Web 3.0 and NFT fields and deepening the KuCoin ecosystem, the launch of a $100 million ‘Creators Fund’ will undoubtedly bring a strong impetus to our development process. The $100M ‘Creators Fund’ will support NFT creators and projects, which will further consolidate the metaverse infrastructure.”

Global crypto trading platform, KuCoin today announced that KuCoin Ventures, the company’s venture capital arm, and Windvane, KuCoin’s NFT marketplace, have introduced a $100 million creators fund to facilitate the growth of emerging NFT startups.

The fund will support and incubate early-stage non-fungible token projects covering a broad range of sectors, including sports, GameFi, Asian culture, and arts. Moreover, it will also invite 99 exceptional NFT creators to join the Windvane NFT marketplace to enhance the growth of Web3.

According to KuCoin, the company’s recently launched $100 million creators fund is a major step towards its expansion in the NFT space. The digital exchange noted that young artists, entrepreneurs, and creators will be able to build a democratic decentralized NFT marketplace.

KuCoin Ventures’ Chief Investment Officer, Justin Chou, commented: “KuCoin NFT Marketplace – Windvane is an emerging marketplace. With its user-first and community-driven mission, Windvane will support Web 3.0 creators globally to revolutionize the NFT industry. We are thrilled to partner with Windvane to launch the $100 Million ‘Creators Fund’, which we believe would benefit users, creators, communities, and project founders in the Web 3.0 world.”

Earlier this year, digital asset trading platform Huobi announced a $100 million campaign to explore possibilities in the metaverse.

Web3

KuCoin highlighted that the fund will play an important role in the transition from Web2 to Web3. The company also outlined the rapid development of NFTs and their integration in sports, culture, and games.

Johnny Lyu, the CEO of KuCoin, said: “At the current stage of KuCoin’s comprehensive and in-depth expansion of the Web 3.0 and NFT fields and deepening the KuCoin ecosystem, the launch of a $100 million ‘Creators Fund’ will undoubtedly bring a strong impetus to our development process. The $100M ‘Creators Fund’ will support NFT creators and projects, which will further consolidate the metaverse infrastructure.”



Learn more

Latest news

MATIC Holders Can Now Shop at Major E-Retailers Through This Integration: Details

Shopping.io, a cryptocurrency e-commerce platform, has announced the addition of MATIC, the native token of the Polygon blockchain,...

Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer

Celsius Network Ltd, a troubled and bankrupt crypto lender, has disclosed the auction dates for its assets. Based on...

State Street Says Crypto Trading Could Damage Its Reputation

Alex Dovbnya Second oldest American bank does not want to risk its reputation by venturing into cryptocurrency trading at...

Market Wrap: Markets Seem Hopeful the Fed Will Temper Rate Increases That Crushed Prices

Unexpectedly poor data on U.S. job creation spurs speculation the worst of the bear market may be over....

Here’s how Hyundai’s new security system is targeting TikTok thefts costs

Relief is on the way for Hyundai owners concerned about the ongoing theft spree affecting some of the automaker’s vehicles. Thousands...

Must read

MATIC Holders Can Now Shop at Major E-Retailers Through This Integration: Details

Shopping.io, a cryptocurrency e-commerce platform, has announced the...

Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer

Celsius Network Ltd, a troubled and bankrupt crypto...

You might also likeRELATED
Recommended to you