KuCoin exchange launched a $100 million fund for NFT startups
Creators Fund is a joint initiative between the exchange’s investment arm and NFT marketplace Windvane.
![KuCoin exchange launched a $100 million fund for NFT startups](https://storage.getblock.net/source/1/X080NvutyARiM1iyoqm4Da1XFURNxnOv.webp)
19.04.2022 - 15:05
188
1 min
0
What’s new? The KuCoin cryptocurrency exchange has announced that its investment arm jointly with NFT marketplace Windvane have launched a $100 million fund, Creators Fund. Its goal is to fund NFT startups at an early stage of development. This is reported in a press release of the crypto exchange.
What else does the press release say? Creators Fund will offer 99 well-known NFT creators to join Windvane to develop Web 3.0 technologies. In addition, the Windvane marketplace plans to create a comprehensive platform compatible with major blockchains for NFT, such as Ethereum, BNB Chain, and Flow. Windvane will help projects use the platform for initial NFT offerings (INOs).
What is known about KuCoin? It is a cryptocurrency exchange founded in September 2017 and located in Seychelles. The CEO of KuCoin is Johnny Liu. The exchange’s daily trading volume is $2 billion, according to CoinMarketCap.
Useful material?
Incidents
Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol
Sep 4, 2024
Technologies
The upgrade is aimed at implementing a new decentralized project governance system
Sep 2, 2024
Incidents
The company placed $2б4 billion in bonds maturing in 2026, but their value has fallen dramatically since the entrepreneur’s arrest
Aug 30, 2024
Incidents
In both cases, depending on the outcome of the investigations, the messenger could be blocked
Aug 29, 2024
Market
The project will offer a decentralized alternative to traditional banking services
Aug 29, 2024
Trends
Within a week of its launch, the platform managed to overtake its main competitor, Pump.fun on the Solana network
Aug 28, 2024