KuCoin Launches $100 Million Fund for NFT CreatorsEvie Perry
Cryptocurrency Exchange KuCoin announced on the launch of the Creators Fund with $100 million in assets. Its goal is to finance early-stage startups working in the field of non-fungible tokens (NFT).
The fund is a joint initiative of KuCoin’s Windvane NFT marketplace and the investment arm of KuCoin Ventures.
As a first step, the Creators Fund will invite 99 well-known NFT creators to join Windvane. The platform will connect companies and artists issuing their tokens with the KuCoin audience.
The Windvane team plans to add trading of tokens issued on the basis of Ethereum, BNB Chain, Flow, and other networks popular in the NFT space. The marketplace will also host initial sales of collections of non-fungible tokens – INO (Initial NFT Offering).
At the end of December 2021, the administration of KuCoin stated that the number of users registered on the platform reached 10 million.
Recall that in November 2021 the exchange launched a $100 million metaverse investment fund.