Singapore-based crypto exchange platform KuCoin along with its venture capital initiative KuCoin Ventures and its NFT marketplace Windvane declared a $100 million ‘Creators Fund’ to help early-stage NFT projects and digital artists.
As per the announcement, the fund will help projects that feature arts, sports, Asian culture, celebrities, GameFi, and many other fields.
Also, the NFT marketplace Windvane will welcome 99 intellectual NFT curators to its market for their growth in the upcoming web 3.0 space.
To celebrate the launch of the platform, Windvane will reveal a series of activities in the upcoming time.
The fund will provide support to impressive NFT projects with strong teams and innovative technology to provide extra hands for the development of NFT space and contribute to building a diverse Web 3.0 world.
The fund aims to assist young artists and creators in showcasing their work to the public and establishing a decentralized NFT marketplace that is far more open, free, equitable, and democratic.
In a statement, KuCoin articulated that the NFT marketplace Windvane is committed to developing a comprehensive and highly compatible platform that can openly integrate mainstream NFT blockchains such as ETH, BSC, FLOW, and others.
Johnny Lyu, the CEO of KuCoin, 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.”
KuCoin Ventures’ Chief Investment Officer, Justin Chou, added: “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.”
After observing the potential benefits and future of the NFT wave, many crypto exchanges have started to strive to launch their NFT marketplace. Recently, Coinbase announced that its NFT marketplace will launch “soon.”
