Cryptocurrency exchange KuCoin has announced the launch of a $100 million Creators Fund to fund early-stage startups in the non-fungible token (NFT) space.
The fund is a joint initiative of KuCoin’s Windvane NFT marketplace and the investment arm of KuCoin Ventures.
As a first step, the Creators Fund will invite 99 well-known NFT creators to join Windvane. The platform will connect companies and artists issuing their tokens with the KuCoin audience.
The Windvane team plans to add trading of tokens issued on the basis of Ethereum, BNB Chain, Flow and other networks popular in the NFT space. The marketplace will also host initial sales of collections of non-fungible tokens – INO (Initial NFT Offering).
At the end of December 2021, the KuCoin administration announced that the number of users registered on the platform had reached 10 million.
Recall that in November 2021, the exchange launched a fund for investments in the metaverse in the amount of $100 million.