KuCoin, a leading global cryptocurrency trading platform, announced that its venture capital arm KuCoin Ventures making an investment of $1 Million in SakuraVerse, a web3 game infrastructure that develops and incubates multi-category games, accelerating the world’s transition to Metaverse. This also marks that SakuraVerse becomes the very first project backed by KuCoin ventures’ $100 Million Creators Fund.
The $100 Million Creators Fund is launched by KuCoin NFT marketplace-Windvane and KuCoin Ventures together, aims to help young artists and creators to show their talents to the public and to build an open, free, equal, and decentralized NFT marketplace meanwhile. The fund covers a diversified range of NFT projects, including sports, PFP, Asia Culture, celebrities, GameFi, and many other innovative projects, to promote the global mass adoption of blockchain.
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As the first project backed by KuCoin Creators Fund, SakuraVerse is an innovative game platform based on Web 3. It builds decentralized game infrastructure and integrates social features to provide blockchain games with more fun for players. The core SakuraVerse team comes from the world’s top game companies and covers 5 studios around the world. They have accumulated more than 40 million players in the traditional games, and have top IP and celebrity resources, as well as rich blockchain operation experience.
The new funding by KuCoin Ventures announced today will be used to support the growth of SakuraVerse in team expansion, platform, and popular IP games development.
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Justin Chou, the Chief Investment Officer of KuCoin Ventures, said: “We believe that in Web3.0 — the next-generation Internet—-Gaming, plays an important role as a kind of ‘prototype’ of the Metaverse. We are deeply impressed by the SakuraVerse team`s game and blockchain experience and excited with SakuraVerse`s vision of Web3.0. And we believe that the SakuraVerse team has the strength to create multi-genre games with more fun, stronger social attributes, longer life cycle, and more suitable for players in Web3.0.”
The CEO of SakuraVerse, Amaji added: “We feel extremely fortunate to have received the strategic investment from KuCoin Ventures and be shortlisted for the $100 Million Creators Fund. In order to achieve our ultimate goal, we will launch a large-scale leisure game platform to allow players from all over the world to be connected. Later this year, we will also develop a World Cup-themed soccer simulation game along with the Qatar World Cup to give us an opportunity to expose ourselves to the global blockchain emerging markets.”
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