KuCoin, which launched the $100 million Metaverse fund, said the fund will also be used to support Metaverse education programs that help the younger generation discover their potential.

KuCoin CEO gave the following words on the subject in his statement:

As the next chapter of the internet, Metaverse is poised to change the way we work, connect, shop, have fun, and interact socially. The KuCoin Metaverse Fund will be launched to accelerate the evolution of the internet industry.

Metaverse Has Become An Intense Focal Point

After Facebook changed its name to "Meta" and announced that it would carry out intensive work in the Metaverse field, Metaverse suddenly became a frequently talked about concept. Facebook was not the only technology company that started working in this field. Many companies allocated various amounts of funds to Metaverse projects and started working. In this process, the cryptocurrencies of many Metaverse projects recorded high value increases. In particular, crypto assets such as Decentraland (MANA), The Sandbox (SAND) and Enjin Coin (ENJ) experienced serious increases.

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The information contained in this article certainly does not include investment advice. Investors should know that cryptocurrencies carry risks due to their high volatility and should perform their transactions in line with their own research.