KuCoin, a leading global cryptocurrency trading platform, announced that its venture capital arm KuCoin Ventures and KuCoin NFT Marketplace-Windvane are launching a $100 million “creators fund” on April 19, 2022. The fund will support and will incubate early stage NFT projects covering areas such as arts, sports, PFPs, Asian culture, celebrities, GameFi and etc. In addition, this fund will invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0. Windvane is a new decentralized NFT marketplace developed by KuCoin. It provides NFT mint, trade, management, storage and many other services. KuCoin NFT Marketplace: Windvane aims to create a comprehensive and highly compliant platform that will support mainstream NFTs on major blockchains, allowing everyone to select all NFTs in KuCoin’s cross-chain aggregator and make their one-stop shopping for major NFTs in the world at Windvane. The launch of the “creators fund” is another significant step for KuCoin to enter the NFT space. The fund will help young artists and creators showcase their talents to the public and build a much more open, free, equitable and democratic decentralized NFT market. In addition, the fund will support promising projects with strong teams and innovative technology to facilitate the development of the NFT space and contribute to building a diverse Web 3.0 world. Windvane is committed to creating a comprehensive and highly compliant platform that will openly support mainstream NFT major blockchains such as ETH, BSC, FLOW and etc. In its plan, Windvane will offer massive KuCoin user traffic and support from leading KOLs and communities to help INO (Initial NFT Offering) projects. Johnny Lyu, 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 ‘Creator Fund’ will undoubtedly bring , a strong impetus to our development process. The $100 million ‘Creators Fund’ will support NFT creators and projects, which will further consolidate the infrastructure of the metaverse. We are pleased to see the rapid development of NFTs and their integration with sports, culture, games, celebrities, etc. KuCoin NFT Marketplace: Windvane would like to merge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and create a more integrated NFT world with lower barrier to entry for users.” KuCoin Ventures chief investment officer Justin Chou added: “KuCoin NFT Marketplace: Windvane is an emerging market. With its user-centric and community-centric mission, Windvane will support Web 3.0 creators globally to revolutionize the NFT industry. We are excited to partner with Windvane to launch the $100 million ‘Creators Fund’, which we believe will benefit users, creators, communities and project founders in the Web 3.0 world.” At the same time, to celebrate the launch of the platform, KuCoin NFT Marketplace: Windvane will launch a series of activities, check out more on the platform.
Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 600 digital assets. It currently provides spot trading (Spot), margin trading (Margin), P2P fiat trading, futures trading (Futures), staking and lending to its 10 million users in 207 countries and regions around the world. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently one of the top 5 cryptocurrency exchanges. Furthermore, Forbes named KuCoin as one of the best cryptocurrency exchanges for 2021. In 2022, The Ascent named KuCoin as one of the best cryptocurrency exchanges and apps for enthusiasts.
About KuCoin NFT Marketplace: Windvane
KuCoin NFT Marketplace: Windvane is a more open and inclusive decentralized NFT marketplace powered by KuCoin that will serve as a driving force in the industry. For KuCoin, it is committed to creating a comprehensive and highly compliant platform that will openly support the mainstream on major NFT blockchains. Therefore, Windvane has the power to deliver massive KuCoin user traffic and support from top KOLs and communities to help INO projects. As for customers, Windvane as a decentralized marketplace means few barriers to entry, but data storage will be very secure. There is always one project you are optimistic about on this platform that brings together various types of high quality projects.
About KuCoin Ventures
KuCoin Ventures is a leading investment arm of the KuCoin Exchange that aims to invest in the most disruptive cryptocurrency and blockchain projects of the Web 3.0 era. Committed to empowering Crypto/Web 3.0 Developers with Deep Insights and Global Resources, it is also a full-stage, community-driven, research-driven enterprise enterprise that focuses on DeFi, Game-Fi, Web 3.0, Infrastructure , working closely with their portfolio projects along the entrepreneurship journey. Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article. Read also: Ontega broker: practicality and profit in online investments Read also: Carnival Promo: 10% deposit bonus + Ledger Nano X and more prizes! Also read: 5 reasons cryptocurrencies can rock in 2022, especially this list of assets that can rise 1,000% in a year