Cryptocurrency exchange KuCoin launches incubator


KuCoin, a global cryptocurrency exchange, has launched a new incubation and research division, KuCoin Labs.

This incubator will support builders and enable sustainable growth and success in the blockchain space.

The first season of the program is an eight-week program that focuses on Gamefi, NFT and Metaverse. During the incubator, all-round guidance, including business development, technical framework, marketing and community and business strategy.

During the program, members will have access to mentors, workshops and tutoring sessions. These mentors include experienced developers, product managers, security experts, entrepreneurs of blue-chip projects, and more.

Participants will also receive investment from KuCoin, but the size of the investment was not disclosed.

There are three co-incubators, DoraHacks, Republic Crypto and Odaily.

DoraHacks is a global hacker community that organises crypto hackathons and building blockchain developer networks. Its seed money accelerator, DoraHacks Ventures, also provides investment and incubation for open-source projects.

Republic Crypto has supported over 40 projects in token economics, fund raising, partnerships and more. Its services support smart contract development, public token offerings, staking infrastructure and more.

Finally, Odaily is a Web 3.0 and blockchain-focused media platform in the greater-Asia area.  Since 2018, it has become one of the largest and most professional crypto-focused original content editing teams with articles having more than six billion views.

The incubator is also supported by MoonRock Capital, Vertu, CDH Investment, IOBC Capital, Matrix Partners and other leading institutions.

Last year, KuCoin closed its pre-Series B funding round on $150m, with Jump Crypto leading the round. The investment brought its valuation to $10bn.

With the funds, KuCoin plans to expand its presence in Web 3.0, including crypto wallets, GameFi, DeFi, and NFT platforms. Additionally, the crypto company will build the next generation of KuCoin core trading system, support KuCoin’s global regulation efforts and enhance security and risk management systems.

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