KuCoin, a leading global cryptocurrency trading platform, launched a $100 million “Creators Fund” on April 19th, focused on the web 3.0 universe. The fund is the product of a parnership between its venture capital arm KuCoin Ventures and KuCoin NFT Marketplace-Windvane.
The fund will support and incubate the early-stage NFT projects, from various fields including: arts, sports, PFPs, Asian culture, celebrities, GameFi, etc. Furthermore, the fund will invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0.
Windvane is a brand new decentralized NFT marketplace powered by KuCoin that provides NFT mint, trade, management, storing, and many other services. The marketplace aims to create a comprehensive and highly compatible platform that will openly support mainstream NFT blockchains. It will also allow everyone to select all NFTs on KuCoin cross-chain aggregator and permit one-stop shopping for the world’s top NFTs at Windvane.
The creators fund is another crucial step for KuCoin to enter the NFT space. The aim of the fund is to help young artists and creators display their talents to the public and build a way more open, free, equal, and democratic decentralized NFT marketplace.
Additionally, the fund will support promising NFT projects with strong teams and innovative technology to facilitate the development of NFT space and contribute to building a diverse Web 3.0 world. As part of their plan, Windvane will furnish the NFT project with KuCoin’s user traffic and the support of top KOLs and communities to help their INO (Initial NFT Offering).
Speaking on the Creator’s fund, Johnny Lyu, the CEO of KuCoin said:
“At this 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.
He also added that the $100M ‘Creators Fund’ will support NFT creators and projects, which will further consolidate the metaverse infrastructure. Furthermore, the exchange is pleased with the rapid development of NFTs and their integration with sports, culture, games, celebrities, etc.
“KuCoin NFT Marketplace – Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.” he said.