KuCoin Labs, the investment and research arm of digital asset exchange KuCoin, has entered into a strategic partnership with Coinweb, a provider of Web3 technology. The companies said this collaboration signifies a commitment to mutual support and collaboration aimed at nurturing the expansion of the Web3 ecosystem.
Central to this partnership is the integration between KuCoin Labs’ investment initiatives and Coinweb Labs’ grant program. Projects that have received a grant from Coinweb Labs will receive expedited access to investment or incubation opportunities from KuCoin Labs and additional recommendations for listing on the KuCoin exchange. This streamlined process underscores the commitment of both entities to empower emerging projects and drive sustainable growth within the web3 space.
“At KuCoin Labs, we are committed to supporting projects that demonstrate transformative potential within the Web3 landscape,” KuCOin Labs head Lou Yu said. “Our partnership with Coinweb exemplifies this commitment, providing a streamlined pathway for emerging projects to access vital resources and support. Together, we aim to foster innovation and drive meaningful impact within the Web3 ecosystem.”
“The partnership between Coinweb and KuCoin Labs represents a significant milestone in our shared mission to empower emerging projects within the Web3 space,” Coinweb co-founder and CEO Tony Gilbert added. “By streamlining access to investment opportunities and listing pathways, we aim to catalyze innovation and drive sustainable growth within the ecosystem.”
KuCoin Labs said it has committed itself to the development and nurturing of various blockchain ecosystems. Building on the success of collaborations with multiple blockchain ecosystems, KuCoin Labs noted its partnership with Coinweb signals a strong vote of confidence in the latter’s vision, technology and the potential of Coinweb’s cross-chain computation platform, aiming to accelerate its growth and adoption.
Through the strategic partnership, KuCoin Labs hopes to attract developers, entrepreneurs, and projects to build on the Coinweb platform, thereby enriching the ecosystem with diverse applications and services. The company aims to play a pivotal role in shaping the future landscape of blockchain and decentralized technologies.