Crypto Exchange KuCoin Launches $100 Million Fund Early-Stage NFT Projects

Bishal Kumar Chanda
20.04.2022

On Tuesday, Singapore-based crypto exchange platform KuCoin announced the launch of a $100 million Creators Fund. It is a joint venture between KuCoin’s NFT marketplace Windvane and the exchange’s venture capital arm, KuCoin Ventures. The fund will support and incubate early-stage non-fungible token (NFT) projects and artists. 

What is KuCoin Creators Fund?

Launching the Creators Fund is a significant step for KuCoin entering the NFT space. The KuCoin Creators Fund will help budding NFT artists and creators get public exposure. In addition, the fund also aims at helping build a much more open, free, equal, and democratic, and decentralized NFT marketplace. 

Moreover, the Creators Fund will support promising NFT projects with a strong team and innovative technology. This is to facilitate the development of NFT space and contribute towards creating a diverse Web 3.0 world.

As per the official announcement, the fund will focus on projects that feature arts, sports, Asian culture, celebrities, GameFi, PFPs, and many more fields. In addition, the fund will invite 99 outstanding NFT creators to the Windvane NFT marketplace. It will help accelerate their growth in the Web 3.0 space

According to KuCoin CEO Johnny Lyu, “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 ‘Creators Fund’ will undoubtedly bring a strong impetus to our development process. The $100M ‘Creators Fund’ will support NFT creators and projects, which will further consolidate the metaverse infrastructure.”

Justin Chou, Chief Investment Officer of KuCoin Ventures, added, “KuCoin NFT Marketplace – Windvane is an emerging marketplace. With its user-first and community-driven mission, Windvane will support Web 3.0 creators globally to revolutionize the NFT industry. We are thrilled to partner with Windvane to launch the $100 Million ‘Creators Fund’, which we believe would benefit users, creators, communities, and project founders in the Web 3.0 world.”

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange that provides a number of trading options to its 10 million registered users in 207 countries. KuCoin claims to offer advanced levels of security and a selection of over 600 digital assets. Currently, its services include spot, margin, futures, and P2P trading, along with lending and staking. According to CoinMarketCap, KuCoin is among the top 5 crypto exchanges. Moreover, KuCoin was named the best crypto exchange by The Ascent in 2022. 

KuCoin Exchange

About KuCoin NFT Marketplace - Windvane

Launched by KuCoin, Windvane is a brand new open and inclusive decentralized NFT marketplace. It provides NFT minting, NFT trading, NFT management, NFT storing, and many more. With Windvane, KuCoin aims to create a comprehensive and highly compatible NFT marketplace that openly supports mainstream NFT blockchains. Therefore, Windvane is empowered by the vast user traffic of KuCoin and the support of communities to help projects. For a customer, Windvane has a low entry barrier being a decentralized marketplace. However, Windvane’s data storage is very secure.

Stay on the pulse of NFTS

Gain access to exclusive interviews with industry leaders, think pieces, trend forecasts, guides and more

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
By subscribing, you agree to our Terms of Use and Privacy Policy

READ THIS NEXT

LATEST QUESTIONS
No items found.