Brandy covers crypto-related venture capital deals for CoinDesk.

Singapore-based cryptocurrency trading platform KuCoin announced Tuesday the launch of a $100 million Creators Fund to support early-stage non-fungible token (NFT) projects, according to a press release provided to CoinDesk.

  • The fund complements the newly launched KuCoin Windvane NFT Marketplace. KuCoin said Windvane offers creators access to the heavy exchange traffic and the support of the community for building initial NFT offerings.

  • Launched in 2017, the KuCoin exchange reached 10 million registered users at the end of the last year and currently has a daily trading volume of about $2.2 billion, according to CoinGecko data.

  • KuCoin Creators Fund is a joint venture between Windvane and the exchange’s venture capital arm, KuCoin Ventures. NFT verticals of interest include arts, sports, profile pictures (PFPs), Asian culture, celebrities and GameFi, according to the press release.

  • The fund will also invite 99 NFT creators to join the Windvane marketplace, which offers standard features like minting, trading and storage. Windvane supports the most popular NFT blockchains, including Ethereum, BSC and Flow.

The Festival for the Decentralized World

Thursday – Sunday, June 9-12, 2022

Austin, Texas

Save a Seat Now

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Brandy covers crypto-related venture capital deals for CoinDesk.

Brandy covers crypto-related venture capital deals for CoinDesk.

Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why.

By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.