KuCoin launches ‘Creators Fund’ for $100M

KuCoin cryptocurrency exchange announced on Tuesday that its venture capital arm KuCoin Ventures and KuCoin NFT Marketplace Windvane are launching a $100 million ‘Creators Fund’ to support and incubate the early stage NFT projects.

The exchange announced in a release that the subject of the NFTs supported could range from arts, sports, PFPs (profile pictures), GameFi, etc. Moreover, the fund would invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate their growth on Web 3.0.  

The fund complements the newly launched KuCoin Windvane NFT Marketplace. KuCoin (KC) said Windvane offers creators access to the heavy exchange traffic and the support of the community for building initial NFT offerings.

Launched in 2017, the KC exchange reached 10 million registered users at the end of the last year and currently has a daily trading volume of about $2.2 billion.

KuCoin Creators Fund is a joint venture between Windvane and the exchange’s venture capital arm, KC Ventures

NFT verticals of interest include arts, sports, profile pictures (PFPs), Asian culture, celebrities and GameFi, according to the press release. The fund will also invite 99 NFT creators to join the Windvane marketplace, which offers standard features like minting, trading and storage. Windvane supports the most popular NFT blockchains, including Ethereum, BSC and Flow.

Johnny Lyu, the CEO of KC, said: “At the current stage of KuCoin’s comprehensive and in-depth expansion of the Web 3.0 and NFT fields and deepening the KuCoin ecosystem, the launch of a $100 million ‘Creators Fund’ will undoubtedly bring a strong impetus to our development process.”

The $100M ‘Creators Fund’ will support NFT creators and projects, which will further consolidate the metaverse infrastructure. We are pleased to see the rapid development of NFTs and their integration with sports, culture, games, celebrities, etc. KuCoin NFT Marketplace – Windvane would like to bridge Web 2.0 and Web 3.0 by supporting more creators to launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.

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