KuCoin, one of the leading cryptocurrency exchanges, announced that the exchange-backed Windvane will launch a $100 million fund for the NFT space on April 19, 2022. This fund will focus on NFT projects covering areas such as art, spot PFPs, celebrities, GameFi. It is also stated that the fund will enable Web3 to join the Windvane NFT market in order to accelerate its growth. Here are the details…
KuCoin launches an NFT fund
KuCoin, a famous cryptocurrency exchange, announced that it has made a new move in terms of both we3 and NFT. The exchange is launching a $100 million fund to support NFT, or non-fungiable token projects, covering a wide range of areas. KuCoin will invite 99 top NFT creators to join the Windvane NFT market, a brand new decentralized NFT marketplace powered by the exchange.
Windvane is a platform that provides many services such as NFT mining, trading, governance, storage. KuCoin NFT marketplace – Windvane will allow anyone to choose NFTs on the exchange and trade in Windvane. Thus, users will be able to access mainstream NFT Blockchains by shopping from a single point. The aim of the exchange is to create a comprehensive and highly compliant platform that supports all networks.
Windvane supports multiple NFT Blockchains
By launching the “Creative Fund”, KuCoin is making a significant move in terms of its entry into the NFT space. With the said fund, young artists and creators will have the chance to showcase their talents in an open, free, democratic and decentralized NFT marketplace. Apart from this, the fund will support many NFT projects to support developments in the NFT field and create the web3 world.
Windvane, ETH, BSC, FLOW, etc. Committed to creating a comprehensive and highly compatible platform that will openly support mainstream NFT Blockchains such as Windvane will offer support to assist the exchange’s massive user traffic and initial NFT offering (INO) projects. In his comments on this subject, KuCoin CEO Johnny Lyu thinks that at the current stage of KuCoin’s expansion of the Web3 and NFT domains and KuCoin, the $100 million fund “will undoubtedly bring a profit.” Lyu uses the following statements:
The $100 million ‘Creators Fund’ will support NFT creators and projects that will further strengthen the metaverse infrastructure. I love the rapid development of NFTs and sports, culture, games, celebrities, etc. We are pleased to see its integration with KuCoin NFT Marketplace – Windvane wants to bridge the gap between Web 2.0 and Web 3.0 by supporting more creators to start their NFT or projects. Also a more integrated NFT world that can provide lower amounts of input for users.
KuCoin-backed Windvane will be a driving force in the industry
Justin Chou, Chief Investment Officer of KuCoin Ventures, the investment arm established to invest in exciting projects in the Web3 era KuCoin NFT Marketplace – Windvane states that it is an emerging market, users are priority and they are community focused. That’s why he says they will support Web3 creators and developments to break new ground in NFT. Finally, he talked about “excited to launch a $100 million ‘Creators Fund’ and partnering with Windvane.”
Windvane is a more open and inclusive decentralized NFT marketplace powered by KuCoin that will serve as a driving force in the industry. It aims to create a comprehensive and highly compatible platform for KuCoin that will support mainstream NFT Blockchains. That’s why Windvane is committed to KuCoin’s massive user traffic and the support of industry leaders and communities to assist INO projects.
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