KuCoin-backed companies launch $100M Web3 developer fund
The fund will support early-stage NFT projects that are contributing to the growth and development of the Web3 economy. 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....
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2022 is shaping up to be the year for Web3. KuCoin, Framework Ventures and CoinDCX have all made a splash in this emerging paradigm. “Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is trying to assign it real-world utility. This week’s Crypto Biz newsletter features several major funding rounds dedicated to building the Web3 economy. After reading through the stories, you can decide whether we’re actually getting closer to defining Web3. Oh, and remember all....
KCC, KuCoin Community Chain, together with KuCoin Wallet and Windvane, announced that they would be holding the first Web3 major event – KCC Beowulf, a 7-week interacting activity. KCC Beowulf will be officially launched during the 5th anniversary of KuCoin. More than 20 projects deployed on KCC, including decentralized exchanges (DEX), lending protocols, wallets, cross-chain bridges, and other web 3.0 protocols, will participate. The KCC Beowulf event is inspired by the epic poem and the nordic hero, Beowulf. Challengers will grow in the KCC Web3 world and fight against dragons by....
Cryptocurrency exchange KuCoin has ventured into the Metaverse. Its investment and research arm KuCoin Labs on Wednesday announced the launch of “KuCoin Metaverse Fund”. It plans to support early-stage Metaverse projects with $100 million. The fund will also go towards supporting and incubating other startups in the GameFi, non-fungible tokens (NFT), and decentralized infrastructure spaces. KuCoin will […]
In a new development, LongHash Ventures will launch a $100 million investment fund for the decentralized Web3. With more innovative products, projects, and applications, the crypto space is growing in leaps and bounds. Furthermore, blockchain technology has created more opportunities for extraordinary accomplishments in the industry and other sectors. Yet more advancements and developments are […]
Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in companies that take cryptocurrencies and extend their use cases using Web3 and other technologies.
Binance Labs to Invest $500M in Web3 and Blockchain Startups
Binance Labs, the investment and VC organization of the cryptocurrency exchange, has announced a new round of investments seeking to diversify its investment portfolio. The capital....