KuCoin Deploys $100 Million Fund, Now Part Of The Metaverse Race
KuCoin, through its investment and research arm, KuCoin Labs is joining the hottest trend now – the metaverse.
Also, KuCoin Allocates $100 million to several projects and also want to provide
“full-scale support and incentive in terms of incubation, primary market investment,..”
“business partnership, branding, market management, and go-to-market strategy.”
Furthermore, KuCoin will also facilitate the mass usage of blockchain technology. Also, with the target on emerging markets like South America and Africa.
More so, Kucoin CEO, Johnny Lyu notes the metaverse as the next chapter of the Internet.
“poised to change the way we work, connect, shop, entertain, and have social interactions.”
Additionally, the new fund target to
“accelerate the evolution of the Internet industry…”
“We hope to mature the emerging blockchain industry by further strengthening the application…”
“of blockchain technology to the metaverse projects.”
Lastly, apart from the KuCoin new fund, other cryptocurrency projects is anniuncing intentions to enter the metaverse in some form.
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