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KuCoin launches $100 mln fund for NFT projects

NFT

forkast.news 19 April 2022 10:11, UTC
  
Reading time: ~2 m

Crypto trading platform KuCoin, through its venture capital arm KuCoin Ventures and KuCoin NFT marketplace — Windvane — is introducing a US$100 million “creators fund,” the company said in a statement.

See related article: How Southeast Asia’s NFT ecosystem lifts up local artists

Fast facts

  • The fund will support and incubate early stage non-fungible token (NFT) projects, covering fields including arts, sports, Asian culture, celebrities, GameFi, etc.
  • The fund will also invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate growth of Web 3.0.
  • Johnny Lyu, CEO of KuCoin, said: “The US$100 million creators fund will support NFT creators and projects, which will further consolidate the metaverse infrastructure.”

See related article: Is there a future for the NFT beyond digital art?


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