KuCoin Labs Launches $100M Fund for Metaverse Projects

KuCoin Labs Launches 0M Fund for Metaverse Projects
KuCoin Labs, the investment and research firm spun out of crypto exchange KuCoin, has launched a $100 million fund to invest in Metaverse start-up projects.The KuCoin Metaverse fund will be used to invest in gaming and decentralized finance (GameFi), non-fungible tokens (NFT), and decentralized infrastructure projects.The metaverse is a space generated by the convergence of virtual worlds, augmented reality and internet services. By offering a collective virtual experience, it has introduced new opportunities to creators, gamers and artists.Recently, Facebook which changed its name to Meta announced that its metaverse will support NFTs.KuCoin said the fund will also be used to…