Singapore-based KuCoin, one of the world’s most popular cryptocurrency exchanges, announced that it has launched a $100 million fund to support Non-fungible token (NFT) projects.
KuCoin Ventures and Windvane NFT marketplace, according to a statement released by KuCoin on April 19 NFT artists in order to make his works reach wider audiences. He created a $100 million fund.
The main purpose of the fund is to be supported by blockchain technology. to the development of Web3 It is stated that NFT projects that will contribute to According to the statement made, among the NFTs it will support; art, sports, Asian culture, celebrities and GameFi projects are included.
The NFT industry has recently decreased in popularity Even so, venture capital companies in the market seem to continue to invest.
In a statement made on April 18, South Korean automaker Hyundai, 30 NFT It was stated that it has partnered with Meta Kongz to launch a collection.
Hyundai Partners With NFT Project Meta Kongz
Related article: Hyundai Partners With NFT Project Meta Kongz
Founded in 2017, the cryptocurrency exchange will be launched by the end of 2021. to 10 million users had reached. largest by volume The 5th cryptocurrency, KuCoin, has a trading volume of around $2 billion in the last 24-hour period.