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KuCoin launches Creators Fund for $100mn
April 20, 2022
KuCoin cryptocurrency exchange announced on Tuesday that its venture capital arm KuCoin Ventures and KuCoin NFT Marketplace Windvane are launching a $100 million ‘Creators Fund’ to support and incubate the early stage NFT projects.
The exchange in a release that the subject of the NFTs supported could range from arts, sports, profile pictures, GameFi, and so forth. Also, the asset would invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate their growth on Web 3.0.
The exchange announced in a statement that the NFT marketplace Windvane is focused on making a thorough and highly compatible platform that will openly support mainstream NFT blockchains like ETH, BSC, FLOW, and so forth.
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 ‘Makers Fund’ will undoubtedly carry a strong impetus to our development process. The $100M ‘Creators Fund’ will uphold NFT creators and projects, which will further consolidate the metaverse infrastructure. We are satisfied to see the quick improvement of NFTs and their coordination with sports, culture, games, VIPs, and so forth. KuCoin NFT Marketplace – Windvane might want to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.”
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