Representatives of the KuCoin cryptocurrency exchange announced the launch of a new fund. Its main purpose is to support non-fungible token (NFT) projects at an early stage. This was done as part of a large-scale program for the development of the economy of the Web 3.0 sector.
The management of the trading platform talked about the merger with the Windvane NFT service. KuCoin Ventures, a venture capital division and a non-fungible token marketplace, launched this initiative to help digital art, sports and GameFi creators.
The organization said that they will primarily focus on promising NFT startups that can seriously affect the evolution of the industry. The goal is to help in the transition of the Internet to the basis of blockchain technology.
The partnership with Windvane will expand the user base and attract new users to promising NFT projects. Representatives of KuCoin said that this platform is developing very quickly and has good prospects. It will become a launching pad for many projects.
The crypto company assured that the popularity of the NFT sector is growing by leaps and bounds. Now more and more users from all over the world are developing projects, and also want to become part of the metaverse. It is necessary to support young talents and promote the expansion of the market.
Now it is important to take a key place in this niche. KuCoin strives to be at the forefront of the industry.
Earlier edition informed, that IntoTheBlock experts assured that the popularity of non-fungible tokens (NFT) has grown significantly in early 2022. According to them, the volume of trade in virtual collections has reached a total mark of $54 billion in the history of the industry. This indicator has added 222.2% since the beginning of this year.