Thursday, June 1, 2023

KuCoin Launches $100M Creator’s Fund


KuCoin Ventures and KuCoin NFT Marketplace-Windvane have announced that a $100 million “Creators Fund” will be launched on April 19th, 2022.

Early-stage NFT projects will supporte and incubate by the fund. Arts, sports, PFPs, Asian culture, celebrities, GameFi, and other topics will cover. In addition, to help speed the growth of Web 3.0, this fund will invite 99 great NFT inventors to join the Windvane NFT marketplace.

The Windvane NFT Marketplace

Windvane, a brand new KuCoin-powered decentralized NFT marketplace. It offers NFT minting, trading, management, and storage, among other services. KuCoin NFT Marketplace – Windvane wants to build a platform that is both comprehensive and highly interoperable. It will publicly support NFT blockchains in the mainstream.

Moreover, this allows anyone to choose from all NFTs on the KuCoin cross-chain aggregator. They can also choose from Windvane’s one-stop shop for the world’s best NFTs.

Creator’s Fund Launch

KuCoin’s entry into the NFT arena bolsters by the launch of the Creators Fund. The fund will assist young artists and creators in showcasing their work to the general public. It will also create a decentralized NFT marketplace that is much more open, free, equal, and democratic.

In addition, the fund will back promising NFT ventures with strong teams. It incorporates cutting-edge technology. This aids the growth of the NFT area and help to the creation of a more diversified Web 3.0 environment.

Furthermore, Windvane dedicates to building a complete and highly compatible platform that will publicly support mainstream NFT blockchains. This includes ETH, BSC, and FLOW, among others. Windvane’s objective is to give KuCoin’s massive user traffic. It also provides top KOLs and communities to assist INO projects (Initial NFT Offering).

Expansion of the Web3.0

KuCoin’s CEO, Johnny Lyu, issued a statement. According to him, at this point in KuCoin’s comprehensive and in-depth expansion of the Web 3.0 and NFT domains, as well as the KuCoin ecosystem’s deepening. The announcement of a $100 million ‘Creators Fund’ will definitely boost their development efforts.

The $100 million ‘Creators Fund’ will fund NFT creators and projects, allowing the metaverse infrastructure to be more consolidated. They encourage by the quick growth of NFTs and their integration with sports, culture, games, celebrity, and other areas.

Windvane wants to bridge the gap between Web 2.0 and Web 3.0 with the KuCoin NFT Marketplace. This will accomplish by assisting more creators in launching their NFTs or projects. Simultaneously, a more integrated NFT world with a lower entrance barrier for users.

Justin Chou, KuCoin Ventures’ Chief Investment Officer, noted that KuCoin NFT Marketplace – Windvane is a new market. Windvane will help Web 3.0 producers around the world to change the NFT business, thanks to its user-first and community-driven objective.

At the same time, KuCoin NFT Marketplace -Windvane will conduct a series of activities to commemorate the platform’s launch.

Ivan Cruz
Ivan Cruz
Ivan Cruz is a writer for Cryptoconstellation. He has his Masters in Applied Research in Economics & Business. Ivan has been trading crypto for the past 7 years himself and feels it is his duty to bring you all the latest news.

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