KuCoin Ventures, the investment arm of KuCoin, has extended its support to blockchain game developer Crystal Fun, aiming to advance the decentralization of gaming platforms.
In an official statement on February 20, KuCoin Ventures expressed its confidence in the potential of “web3 gaming” to revolutionize the entertainment landscape, highlighting its strategic investment in Crystal Fun. The investment round, which totaled $5 million in seed funding, saw participation from various contributors, including Actoz Soft, Waterdrip Capital, ælf Blockchain, and other investors.
Crystal Fun, known for its development of four blockchain games – Endless War, STARFALL2312, Survivor, and OUTER, has recently concluded the initial testing phase of the latter. While the precise allocation of the funds remains undisclosed, it is expected that the investment will fuel the launch of games on Crystal Fun’s proprietary gaming platform throughout the year.
Lou Yu, the head of KuCoin Ventures, expressed enthusiasm about the investment, stating that it aligns with their commitment to fostering innovation within the blockchain space. He emphasized KuCoin’s excitement to participate in the next phase of gaming evolution through their support of Crystal Fun.
This investment marks KuCoin Ventures’ second strategic deal in February, following their earlier investment in Ta-da, a platform dedicated to collecting and verifying data for artificial intelligence training. While specific financial details regarding the funding for Ta-da were not disclosed, KuCoin Ventures continues to actively pursue opportunities for innovation and growth within the blockchain ecosystem.
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