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KuCoin Labs Launches 50 Million Fund to Find The Next Crypto Gem
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VICTORIA, Seychelle, April 15, 2021 /PRNewswire/ On April 15, 2021, KuCoin, an IDG backed crypto exchange, announced the official launch of KuCoin Labs, an incubator and research arm in the KuCoin ecosystem. As the first step, KuCoin Labs has also established a 50 million fund to find the next crypto gem and empower the development of early-stage crypto projects.
The predecessor of KuCoin Labs was the investment and incubation team, which was established by KuCoin in May 2018. After 2 years of development, KuCoin Labs brings together a group of crypto experts who have engaged in market research, analysis, investment and incubation in the crypto industry for a long time. KuCoin Labs now possesses a portfolio of over 50 projects including Arweave, MultiVAC, CertiK, OneLedger, LUKSO and Ankr, in sectors such as infrastructure, DeFi, and NFT.