Crypto Exchange KuCoin Offers $100M Fund to Support NFT Projects

Written by C, Fiona

Last updated: 2022-04-25

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Seychelles-based KuCoin, a leading global cryptocurrency trading platform, announced that its venture capital arm KuCoin Ventures and KuCoin NFT Marketplace-Windvane are launching a $100 million “Creators Fund” on April 19th, 2022. The fund will support and incubate the early-stage NFT projects, covering fields including arts, sports, PFPs, Asian culture, celebrities, GameFi, etc. In addition, this fund will invite 99 outstanding NFT creators to join the Windvane NFT marketplace to accelerate the growth of Web 3.0.

The fund complements the newly launched KuCoin Windvane NFT Marketplace. KuCoin said Windvane offers creators access to the heavy exchange traffic and the support of the community for building initial NFT offerings.

Launched in 2017, the KuCoin exchange reached 10 million registered users at the end of the last year and has a daily trading volume of about $2.2 billion, according to CoinGecko data.

KuCoin Creators Fund is a joint venture between Windvane and the exchange’s venture capital arm, KuCoin Ventures. NFT categories of interest include art, sports, profile pictures (PFPs), Asian culture, celebrities and GameFi, according to the press release.

The fund will also invite 99 NFT creators to join the Windvane marketplace, which offers standard features such as minting, trading and storage. Windvane supports some of the most popular NFT blockchains, including Ethereum, BSC, and Flow.