KuCoin Makes a USD 100M Bet on Metaverse
The investment and research arm of KuCoin exchange, KuCoin Labs, has launched a USD 100m fund to support metaverse-related projects and promote the metaverse education programs, assisting the public - particularly the younger generation - get acquainted with this new concept.
Dubbed 'KuCoin Metaverse Fund,' the investment is aimed to support early-stage projects in metaverse, GameFi ('gaming' + 'DeFi' (decentralized finance)), non-fungible tokens (NFTs), and decentralized infrastructure.
"As the next chapter of the Internet, Metaverse is poised to change the way we work, connect, shop, entertain and have social interactions," Johnny Lyu, CEO of KuCoin, was quoted as saying in an announcement.
KuCoin Labs intends to provide support beyond just
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