Leading cryptocurrency exchange, KuCoin wants to make it easier for its users to access nonfungible tokens.
KuCoin has announced the launch of its KuCoin IGO service. In a press release shared with Coinjournal, the cryptocurrency exchange said KuCoin IGO would make it easier for millions of its users to gain access to in-game NFTs.
The launch of KuCoin IGO stems from the company’s desire to fuel growth in the blockchain gaming, metaverse, and Web3 environment. KuCoin believes that gamification and NFTs will play key roles in the virtual worlds of the future. KuCoin said;
“The new launch platform will provide exclusive access to in-game NFTs to KuCoin users globally. As a result, users can benefit from a seamless centralized experience for users to purchase, invest in, and withdraw their NFT assets. In addition, KuCoin IGO users can manage their NFTs on the exchange, creating an all-in-one solution for novice and experienced non-fungible token enthusiasts.”
KuCoin IGO is not limited to users. The platform allows game developers and creators to launch their creations. Options include flat-rate sales, auctions, and mystery boxes, the crypto exchange added.
KuCoin CEO Johnny Lyu is excited about this latest development, stating that;
“GameFi and NFT will be the most typical entrances to the metaverse, which is a big reason why KuCoin launched the IGO platform. We hope to empower the development of web3.0 through KuCoin’s IGO, to dig more good GameFi projects and NFTs, and help the entire industry’s development.”
KuCoin further revealed that Pikaster is the first project to launch on KuCoin IGO. The Pikaster game features NFTs to enable a Truly-play and Truly-earn GameFi project. Players can access innovative product features to achieve a prominent gaming experience and tap into appealing financial incentives.
The Pikaster CMO Luffy said the project is excited to be the first one to be available on the KuCoin IGO platform. Luffy added that;
“Pikaster is confident to bring new changes to the industry, both from a gaming perspective and from a revenue-generating perspective. That’s why we call ourselves ‘Truly-Play & Truly-Earn.’”
The crypto exchange added that it had made a strategic investment in Pikaster through its KuCoin Ventures arm in March 2022.