Cryptocurrency trading platform KuCoin has launched a $100 million creators fund for NFT projects.
Its venture capital arm KuCoin Ventures and KuCoin NFT Marketplace-Windvane says the fund, launched yesterday, will support and incubate the early-stage NFT projects, covering fields including arts, sports, PFPs (profile pictures), Asian culture, celebrities and GameFi.
It will also invite 99 NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0.
Windvane is a new decentralised NFT marketplace powered by KuCoin. It provides NFT mint, trade, management and storing.
“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,” said Johnny Lyu, CEO of KuCoin.
“[It] will support NFT creators and projects, which will further consolidate the metaverse infrastructure. We are pleased to see the rapid development of NFTs and their integration with sports, culture, games, celebrities.
“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.”