Singapore-based cryptocurrency exchange KuCoin has announced the launch of a $100M creator fund to support and incubate the growth of early-stage NFT projects from arts to sports.
The fund coincides with the KuCoin Windvane NFT Marketplace which was recently launched and will “invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0.” states KuCoin’s press release.
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. Windvane will openly support mainstream NFT blockchains such as ETH, BSC, and FLOW while offering their services to their “huge user traffic”.
The $100M ‘Creators Fund’ will support NFT creators and projects, which will further consolidate the metaverse infrastructure. 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.
Johnny Lyu, CEO of KuCoin
KuCoin was launched in 2017 and currently registers over $2B in daily transaction volume according to CoinMarketCap and registered over 10 million global users at the end of 2021.