KuCoin Labs, the corporate behind the world’s sixth-largest cryptocurrency trade by buying and selling quantity with greater than 500 crypto property listed, introduced on Wednesday that it could be launching a $100 million metaverse fund for early-stage initiatives. The cash can be accessible for entities that develop blockchain-based video games, nonfungible tokens, and decentralized functions. As well as, Kucoin can even present enterprise incubation companies, branding, incentives, and enterprise partnerships for builders chosen into the fund.

Johnny Lyu, CEO of Kucoin, stated the next in a ready assertion obtained by Cointelegraph: