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.
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.
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