KuCoin launched the first-ever metaverse trading section on its official website. The move comes amid the growing interest in non-fungible tokens (NFTs).
The crypto exchange, KuCoin announced it will add Metaverse Trading Board to offer a better experience for all the Metaverse lovers on KuCoin.
According to the announcement, KuCoin says that the new trading board will include popular metaverse projects and startups at the beginning of the development that has passed the exchange’s selection based. Notably, team expertise, attractiveness, and technical innovation.
In addition, the company noted it would project like Axie Infinity (AXS), Enjin (ENJ), Decentraland (MANA), The Sandbox (SAND), Smooth Love Potion (SLP), SENSO (SENSO), and many more.
While GameFi is booming, play-to-earn is taking the world by storm. Speaking of play-to-earn, Johnny Lyu, CEO of KuCoin said,
“GameFi is all about Play-to-Earn, which is in stark contrast to the outdated, traditional Play-to-Win approach to gaming. The Play-to-Earn model empowers players and lets them become the creators of in-game content, not just consumers of such. With this in mind, we developed the Metaverse Trading Board to cater to the needs of a wide range of users – traders, DeFi users, and gamers.”
KuCoin also added it is interested in supporting promising projects in the GameFi space. The company recently launched a fund of over $50 million to support and empower new startups in GameFi, metaverse, and NFT world.