The $ a hundred million KuCoin Metaverse fund will invest in blockchain video games (GameFi) and NFT tasks.
KuCoin Labs, the investment unit of cryptocurrency exchange KuCoin, announced on November 17 that it will launch a $ a hundred million fund to emphasis on metaverse incubation tasks.
The KuCoin Metaverse Fund will invest in gaming tasks that mix decentralized finance, NFT and decentralized infrastructure platforms.
KuCoin CEO Johnny Lyu mentioned:
“The Metaverse will be the subsequent evolutionary kind of the Internet, wholly modifying the way we get the job done, connect, store, perform and socialize with each and every other. The KuCoin Metaverse Foundation will accelerate this procedure. “
#KuCoin Labs launches a $ a hundred million fund to improve the #Metaverse Ecosystem
️ https://t.co/zNJIrmbCnX pic.twitter.com/YyNJ54fAAl
– KUCOIN (@kucoincom) November 17, 2021
Interested tasks can start off applying for the KuCoin Metaverse fund appropriate away.
Metaverse is a virtual planet notion, which enables participants to interact with each and every other in a wholly new room, integrating several distinctive traits to kind a digital society.
Late final month, the biggest social network in the planet, Facebook, announced that it would modify its title to Meta to reflect the path of development of the metaverse universe. This info speedily made a new fever for the cryptocurrency discipline in standard and for metaverse tasks in certain.
Many other organizations have also announced strategies to produce blockchain and metaverse video games, which include Microsoft, Huobi (testing the NFT market place), Enjin (building a $ a hundred million fund to produce the metaverse in the ecosystem), SushiSwap (launching the NFT / metaverse platform), Animoca Brands (which develops the K-pop metaverse), TRON (a $ a hundred million fund for NFT) and FTX / Solana (a $ a hundred million fund for the improvement of blockchain video games) .
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