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KuCoin Deploys $100 Million Fund, Now Part Of The Metaverse Race

bitcoinworld.co.in 17 November 2021 09:17, UTC
Reading time: ~2 m

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.

Galaxy Interactive Rises Additional $325M Fund For Metaverse and Next Gen…>>

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

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