{"id":53057,"date":"2021-11-17T17:48:04","date_gmt":"2021-11-17T15:48:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53057"},"modified":"2025-09-03T13:08:37","modified_gmt":"2025-09-03T10:08:37","slug":"kucoin-launches-100-million-fund-to-invest-in-metaverses","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kucoin-launches-100-million-fund-to-invest-in-metaverses\/","title":{"rendered":"KuCoin launches $100 million fund to invest in metaverses"},"content":{"rendered":"<p>The venture arm of the KuCoin cryptocurrency exchange announced the creation of a $100 million fund to finance projects focused on building metaverses.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/KuCoin?src=hash&#038;ref_src=twsrc%5Etfw\">#KuCoin<\/a> Labs Launches $100 Million Fund To Empower the <a href=\"https:\/\/twitter.com\/hashtag\/Metaverse?src=hash&#038;ref_src=twsrc%5Etfw\">#Metaverse<\/a> Ecosystem<\/p>\n<p>\u27a1\ufe0f <a href=\"https:\/\/t.co\/zNJIrmbCnX\">https:\/\/t.co\/zNJIrmbCnX<\/a> <a href=\"https:\/\/t.co\/YyNJ54fAAl\">pic.twitter.com\/YyNJ54fAAl<\/a><\/p>\n<p>\u2014 KUCOIN (@kucoincom) <a href=\"https:\/\/twitter.com\/kucoincom\/status\/1460916775579648004?ref_src=twsrc%5Etfw\">November 17, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funds will go to early-stage startups from developing economies, with a primary focus on Africa and South America.<\/p>\n<p>Alongside metaverses, the fund will focus on supporting projects in the areas of <span data-descr=\"abbreviation for Game Finance\" class=\"old_tooltip\">GameFi<\/span>, <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-nfts\">NFT<\/a> and <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapps<\/span>. Part of the funding will go to educational initiatives.<\/p>\n<p>Participants in the KuCoin metaverse fund can expect:<\/p>\n<p>\u25cf assistance with launching the project;<\/p>\n<p>\u25cf investments on the primary market;<\/p>\n<p>\u25cf branding and marketing support;<\/p>\n<p>\u25cf development of a go-to-market strategy.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/enjin-launches-100-million-fund-to-build-nft-metaverse\">announced<\/a> the launch of a $100 million fund to build an NFT-based metaverse.<\/p>\n<p>Earlier, <a href=\"https:\/\/u1f987.com\/en\/news\/alan-howard-and-cmt-digital-back-a-100m-metaverse-fund\">backed<\/a> a $100 million fund from the investment company Sfermion, also focused on the metaverse. In the same period, The Sandbox platform <a href=\"https:\/\/u1f987.com\/en\/news\/nft-project-the-sandbox-raises-93-million-to-build-a-metaverse\">raised<\/a> $93 million from Vision Fund 2 (SoftBank) and other investors for similar purposes.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The venture arm of the KuCoin cryptocurrency exchange announced the creation of a $100 million fund to finance projects focused on building metaverses.<\/p>\n","protected":false},"author":1,"featured_media":53058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1411,1353,1133,1361],"class_list":["post-53057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-kucoin","tag-metaverses","tag-venture-investments","tag-virtual-world-innovations"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53057"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53057\/revisions"}],"predecessor-version":[{"id":53059,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53057\/revisions\/53059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53058"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}