Cryptocurrency Exchange KuCoin Launches $100M Fund to Support NFT Startups
Singapore-based marketplace KuCoin has established a $100 million fund called the Creators Fund to support and develop early-stage NFT startups. This applies to projects in areas such as arts, sports, PFP, Asian culture, celebrities, GameFi, etc. The Foundation will invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the development of Web 3.0.
“The Foundation will help young artists and creators show their talents to the public and build a much more open, free, fair and democratic decentralized NFT marketplace. In addition, the fund will support promising NFT projects with strong teams and innovative technologies, contributing to the development of the NFT space and the creation of a diverse Web 3.0 world. Windvane aims to build a comprehensive and highly interoperable platform that will openly support major NFT blockchains such as Ethereum, BSC, Flow, etc.
The Creators Fund will complement the recently launched KuCoin Windvane NFT marketplace, which offers access to intense exchange traffic and community support for building NFT startups. It also allows you to trade, manage, store and more.
Founded in 2017, the KuCoin exchange had 10 million registered users by the end of 2021 and a daily trading volume of about $2.2 billion, according to CoinGecko.
