The official company announcement stated that the fund will also support metaverse education programs to drive adoption and exploration of the immersive internet ecosystem by younger users. This is a graphical asset KuCoin Labs developed and is using across social media to promote its new Metaverse incubator fund.
In addition to financial investment, KuCoin Labs will also provide a full suite of support services and incentives in terms of incubation, primary market identification, business partnership, branding, market management, and go-to-market strategies. The statement also noted that the company will promote the global mass adoption of blockchain, especially in emerging markets such as 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, CEO of KuCoin in its statement.
This latest investment demonstrates KuCoin’s Metaverse-friendly business model. Previously, KuCoin introduced the first Metaverse Token Trading Board, and a virtual office has been built through its collaboration with Bloktopia.
On The Flipside
Why You Should Care?
In one version or another, the Metaverse will be a significant part of our lives in the next 3-5 years.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
Error: Contact form not found.
You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Source: Cryptocurrency - investing.com
