KuCoin Ventures partners with KuCoin NFT Marketplace-Windvane on $100M “Creators Fund”

KuCoin (KCS/USD), a top crypto trading platform, has disclosed that its venture capital division Kucoin Venture and KuCoin NFT Marketplace-Windvane unveiled a $100M “Creators Fund” on April 19, 2022.

Creators Fund to support early-stage NFT initiatives in various fields

The initiative will finance and develop early-stage NFT ideas in sports, arts, Asian culture, PFPs, celebrities, and GameFi, among others. In addition, it will help speed the expansion of Web 3.0 by inviting 99 great NFT inventors to become part of the Windvane NFT marketplace. CEO of KuCoin Johnny Lyu said:

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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.

Windvane is a newly designed KuCoin-powered decentralized NFT platform. It offers NFT minting, trading, management, and storage, among other services. Windvane seeks to build a robust and extremely interoperable platform that would actively support prominent NFT blockchains, enabling anybody to choose all NFTs on the KuCoin cross-chain aggregators and one-stop purchasing for the globe’s highest NFTs at Windvane.

Creators Fund launch bolsters KuCoin’s entry into NFT space

KuCoin’s entry into the NFT arena is being bolstered by the launch of the “Creators Fund.” The fund will assist emerging artists and producers in showcasing their work to the world and establishing a decentralized NFT market that is far more transparent, free, equitable, and democratic. Furthermore, the fund will encourage prospective NFT initiatives with quality teams and cutting-edge tech to help the NFT area grow and contribute to the creation of a diversified Web 3.0 world.

Chief Investment Officer at KuCoinVentures, Justin Chou, commented:

KuCoin NFT Marketplace – Windvane is an emerging marketplace. With its user-first and community-driven mission, Windvane will support Web 3.0 creators globally to revolutionize the NFT industry. We are thrilled to partner with Windvane to launch the $100 Million ‘Creators Fund’, which we believe would benefit users, creators, communities, and project founders in the Web 3.0 world.