KuCoin launches US$100 mln fund for NFT initiatives

Crypto buying and selling platform KuCoin, by its enterprise capital arm KuCoin Ventures and KuCoin NFT market — Windvane — is introducing a US$100 million “creators fund,” the corporate mentioned in a press release.

See associated article: How Southeast Asia’s NFT ecosystem lifts up native artists

Quick info

• The fund will assist and incubate early stage non-fungible token (NFT) initiatives, overlaying fields together with arts, sports activities, Asian tradition, celebrities, GameFi, and so on.

• The fund may also invite 99 excellent NFT creators to affix the Windvane NFT market to speed up progress of Internet 3.0.

• Johnny Lyu, CEO of KuCoin, mentioned: “The US$100 million creators fund will assist NFT creators and initiatives, which can additional consolidate the metaverse infrastructure.”

See associated article: Is there a future for the NFT past digital artwork?