KuCoin-backed companies launch $100M Web3 developer fund

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Crypto exchange kucoincom looks to propel artists and creators so it launched a $100 million fund to fuel their NFT projects. The project ultimately aims to contribute to the development of Web3.

Crypto exchange KuCoin’s venture capital arm and nonfungible token marketplace have launched a $100 million “Creators Fund” to help bootstrap early-stage NFT projects at the intersection of art, sports and GameFi.

Windvane is a new NFT marketplace from KuCoin that aims to tap into the crypto exchange’s large user base. At the time of writing, KuCoin was the fifth largest crypto exchange by volume, according to CoinMarketCap.

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