Quick take:
- Early-stage NFT projects that will be incubated cover the fields of arts, sports, PFPs, Asian culture, celebrities, and GameFi.
- 99 outstanding NFT creators will be invited to join KuCoin’s new NFT marketplace, Windvane.
- Windvane will support mainstream blockchains such as Ethereum, Binance Smart Chain, and Flow, among others.
Crypto exchange KuCoin announced today that its venture capital arm, KuCoin Ventures, and its new NFT marketplace, Windvane, are launching a $100 million “Creators Fund.”
The fund will support and incubate early-stage NFT projects, covering fields including arts, sports, PFPs, Asian culture, celebrities, and GameFi. Additionally, 99 outstanding NFT creators will be invited to join the Windvane NFT marketplace to accelerate its growth.
Powered by KuCoin, Windvane is a brand new, decentralised NFT marketplace that provides services including NFT mint, trade, management, and storage. The platform will support mainstream blockchains such as Ethereum, Binance Smart Chain, and Flow, among others, allowing users to browse all NFTs on KuCoin’s cross-chain aggregator.
The launch of the “Creators Fund” marks a step forward in KuCoin’s push into the NFT space. The fund aims to help young artists and creators showcase their talents as well as NFT projects with strong teams and innovative technology.
“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,” said Johnny Lyu, CEO of KuCoin.
According to a press release, KuCoin aims to build a “more open, free, equal, and democratic decentralized NFT marketplace” along with creators on Windvane. The crypto exchange said that Windvane offers creators the large user traffic of KuCoin and the support of its communities to help projects INO (Initial NFT Offering).
“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,” Lyu added.
Launched in 2017, KuCoin is a global cryptocurrency exchange for over 600 digital assets, with 10 million users across 207 countries and regions around the world. According to CoinMarketCap, KuCoin is currently one of the top five crypto exchanges.
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