The KuCoin exchange has launched a USD 100m fund in support of artists who create NFTs. The initiative is intended to help early-stage projects across various niches by providing them with financial backing and other resources necessary for success, such as marketing assistance or even just guidance on how best practices can be applied
KuCoin has announced the launch of a new fund that will invest in non-fungible tokens (NFTs) across many different industries and fields. The list includes art, sports gear like shoes or clothing worn by athletes to their games; entertainment such as movies straight BEFORE they happen! And even Gaming+DeFi – an investment opportunity involving cryptocurrency founded By gamers). This initiative is designed for anyone who loves playing video games but also wants access too
This is a revolutionary step for artistic expression, as it allows young artists to showcase their talent on one of the most popular blockchain platforms in existence. The new incubation fund will help these budding creatives develop into what they’re truly capable off without worry or concern about how much money has been invested into them already
The developers behind this new fund are looking to invest in some exciting projects that will help develop the NFT space as well establish it. The first round of funding has already been distributed and there’s more information available on their website if you’re interested.
Johnny Lyu, CEO of KuCoin praised the new USD 100M “Creators Fund” for supporting NFT creators and projects. He expressed that he is pleased to see how rapidly these innovative crypto-based technologies are developing in tandem with other applications such as sports culture or video games among many others – all while remaining fully integrated into existing industries like celebrity status verification.
Lyu believes that KuCoin’s new NFT marketplace, Windvane will work to build a bridge between Web2 and Web3 by creating “a more integrated NFT world.” This way you can buy or sell any kind if crypto asset without having an advanced knowledge about blockchain technology- it’s easy as 1 2 3!