Seychelles-based cryptocurrency trading platform: KuCoin announces $100M fund for early-stage NFT creators
- ByStartupStory | April 20, 2022
KuCoin, the Seychelles-based cryptocurrency trading platform, announced a $100 million “Creators Fund” aimed at early-stage NFT creators. To their newly-launched NFT marketplace in partnership with Windvane, this fund will be a complement.
Established in 2017, KuCoin claims to have hit 10 million registered users late last year. The exchange facilitates $2.2 billion in trades every day, according to CoinGecko.
Art, sports, profile pictures (PFPs), Asian culture, celebrities, and GameFi are the categories that will be focused more on by the KuCoin Windvane NFT Fund.
In order to join the Windvane NFT marketplace, which helps them with standard features such as minting, trading, and storage, the new fund will also invite 99 NFT creators. Windvane supports some of the more popular NFT blockchains including Flow, Ethereum, and BSC, at the moment.
Johnny Lyu, CEO of KuCoin, said, that 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, KuCoin NFT Marketplace – Windvane would like to bridge Web 2.0 and Web 3.0.
KuCoin Ventures CIO Justin Chou added that Windvane will support Web 3.0 creators globally to revolutionize the NFT industry, with its user-first and community-driven mission.
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