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KuCoin puts 100 million for the metaverse

2 min read

 

Still metaverse on shields, with KuCoin – token we have already talked about several times – which promotes a fund of 100 million to attract developers of this niche.

A substantial fund – also in relation to what is happening in other realities – which could help push even higher a sector that is experiencing a moment of great luck, also thanks to protocols such as Decentraland (token MANA).

Of funds launched recently for the development of metaverse on new ones blockchain there are actually several, even if few have reached the consistency of the one proposed by KuCoin: we are facing a fund from 100,000,000 dollars, which will be used to support projects metaverse, with the aim of getting closer to the path that has already been drawn down from great success of Decentraland.

What the fund is and how it will work

It will be a fund of research and development, with project-by-project allocation, to offer full-scale support, as well as strong incentives for developers wishing to use the ecosystem of KuCoin for the development of their digital universe.

There will also be an important focus on emerging countries, both in terms of attention to the blockchain world, and economically speaking, with a part of the fund going to Africa and Latin America.

Quantify 100 million investment

Although the world of cryptocurrencies has accustomed us to decidedly bombastic investments – just think of Crypto.com which bought for 700 million i naming rights of the building that hosts the Los Angeles Lakers.

But in this case we are talking about funds that will go directly to development – and for the incubation of new projects. These are very significant sums, especially when they have an already very interesting protocol behind them and when attention is paid to the world of metaverse it’s at an all-time high.

Historical maximum which is also reflected in our guide to emerging cryptocurrencies, which today will see a profound renewal to also include many newly forged protocols that will deal precisely with metaverse. The arrival of capital so important also from big player of the sector is only confirmation of our intuition, well before it arrived Facebook to stimulate interest in this type of protocols.

Barbados Embassy on Decentraland

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