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KuCoin Launches $100M Investment Fund for Metaverse Start-Ups -Breaking

by Mike Robinson

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KuCoin Creates $100M Fund to Support Metaverse Start-Ups

On Wednesday, KuCoin announced the launch of its “KuCoin Metaverse Fund.” The investment incubator will comprise a $100 million fund that’s committed to kickstart and grow early-stage projects in Metaverse, GameFi, NFT, decentralized infrastructure and more. KuCoin Labs (the KuCoin investment and research division) will actively manage the fund.

Official company announcement said that the fund would also help to support metaverse education programs, which will encourage young users to adopt and explore the immersive internet ecosystem. KuCoin Labs has created and shared this graphic asset on social media in order to promote their new Metaverse incubator.

KuCoin Labs, in addition to providing financial investment, will offer a complete suite of support and incentives for incubation and primary market identification as well as branding, marketing, management and go-to market strategies. It was also stated that the company would promote global mass adoption in blockchain technology, particularly in emerging countries like Africa and South America.

“As the next chapter of the Internet, Metaverse is poised to change the way we work, connect, shop, entertain and have social interactions. ‘KuCoin Metaverse Fund’ will be launched to accelerate the evolution of the Internet industry. We hope to mature the emerging blockchain industry by further strengthening the application of blockchain technology to the metaverse projects,”
Johnny Lyu is the CEO of KuCoin.

This latest investment demonstrates KuCoin’s Metaverse-friendly business model. KuCoin had previously introduced the Metaverse Token Trading Board. A virtual office was also created through KuCoin’s collaboration with Bloktopia.

To The Flipside

  • This is a good thing to see and this type of investment in early-stage technology is positive, there’s very little downside to this type of initiative.

Why you should care

We will all be living in the Metaverse at some point during the next three to five years.

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