Crypto Exchange KuCoin Launches $100M Fund for NFT Creators

2 years ago

Brandy covers crypto-related task superior deals for CoinDesk.

Singapore-based cryptocurrency trading level KuCoin announced Tuesday the motorboat of a $100 cardinal Creators Fund to enactment early-stage non-fungible token (NFT) projects, according to a property merchandise provided to CoinDesk.

  • The money complements the recently launched KuCoin Windvane NFT Marketplace. KuCoin said Windvane offers creators entree to the dense speech postulation and the enactment of the assemblage for gathering archetypal NFT offerings.

  • Launched successful 2017, the KuCoin speech reached 10 cardinal registered users astatine the extremity of the past twelvemonth and presently has a regular trading measurement of astir $2.2 billion, according to CoinGecko data.

  • KuCoin Creators Fund is simply a associated task betwixt Windvane and the exchange’s task superior arm, KuCoin Ventures. NFT verticals of involvement see arts, sports, illustration pictures (PFPs), Asian culture, celebrities and GameFi, according to the property release.

  • The money volition besides invitation 99 NFT creators to articulation the Windvane marketplace, which offers modular features similar minting, trading and storage. Windvane supports the astir fashionable NFT blockchains, including Ethereum, BSC and Flow.

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Brandy covers crypto-related task superior deals for CoinDesk.

Brandy covers crypto-related task superior deals for CoinDesk.


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