Kucoin Labs puts on meta-verse investment funds worth $ 100 million-
Kucoin Labs puts on meta-verse investment funds worth $ 100 million-
Kucoin Labs, the Kucoin investigation and investment branch, a cryptocurrency exchange, has put up a 100 million dollar fund in order to incubate early projects in connection with metagers. These include blockchain gaming initiatives, NFT platforms and decentralized platforms. The support also includes direct participation in the selected projects, including advice on branding and marketing.
KUCOIN invested in metavers
Kucoin, one of the leading stock exchanges in Asia, took the first step to the 100-million dollar funds for investing in meta-verse-based initiatives, including block chain-based games, decentralized structures, NFT platforms and other similar projects.
The support of Kucoin will not only be limited to economic incentives. These incubated projects are also supported in the form of advice on branding, market management, awareness and other important aspects of starting the company. Although the company endeavors to extend this program to all regions, one of the main goals is to increase the acceptance of these technologies in aspiring markets such as South America and Africa. Part of these funds also flows into educational programs for younger generations that research the concept of meta verse.
Meaning of the meta verse
For companies that invest in meta-verse initiatives, this concept will have a remarkable importance in the coming years and enable activities and options that would be impossible today. Kucoin CEO Johnny Lyu said about the importance of the meta person for the future
As the next chapter of the Internet, meta -verse is ready to change the way we work, connect, shop, maintain and have social interactions. "Kucoin Metaverse Find" is launched to accelerate the development of the internet industry. KUCOIN is only the latest stock exchange, which jumps on the Metaverse Investment train, with other large companies such as Microsoft and Facebook -which has already changed its name to Meta-has already taken precautions to record meta-verse elements. But the stock exchange has a different view of the meta pattern and wants to include data protection measures so that people in the upcoming alternative universe are safe. Lou Yu, the head of Kucoin Labs, explained that this meta personal sets up a "dilemma between the protection of the privacy of the individual and technological progress". For this reason, the stock exchange will examine paths to achieve a more data protection-friendly meta-verse ecosystem. Also Solana, ftx and lightspeed founded in the past few weeks 100 million dollar blockchain gaming fund. What do you think of the introduction of a $ 100-million meta verse fund? Tell us in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons