KuCoin-backed companies launch $100M Web3 developer fund
Cointelegraph
Published Apr 19, 2022 06:00AM ET
Updated Apr 19, 2022 07:40AM ET
Crypto exchange KuCoin’s venture capital arm and nonfungible token (NFT) marketplace have launched a $100 million “Creators Fund” to help bootstrap early-stage NFT projects at the intersection of art, sports and GameFi.
KuCoin Ventures and the Windvane NFT marketplace have created the fund to help artists and creators showcase their work and scale their business to wider audiences, the companies announced Tuesday. The fund’s mandate is to support promising NFT projects that are contributing to the development of Web3, which refers to the next iteration of the internet powered by blockchain technology.
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Written By: Cointelegraph
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