KuCoin Ventures Invests in Joyride Games, Inc., a Web3 Publishing Platform for Game Creators, to be Backed by KuCoin’s $100 Million Creators Fund | New

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VICTORIA, Seychelles–(BUSINESS WIRE)–May 25, 2022–

KuCoin, one of the world’s leading cryptocurrency trading platforms, announced that its venture capital arm KuCoin Ventures has invested in Joyride Games, a leading Web3 publishing platform for game creators. to create, launch and develop casual games and mobile esports. Joyride is one of the first companies backed by KuCoin’s $100 million Creator Fund.

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KuCoin Ventures invests in Joyride Games, Inc. (Graphic: Business Wire)

The $100 Million Creators Fund is jointly launched by KuCoin NFT Marketplace Windvane and KuCoin Ventures, with the aim of helping young artists and creators showcase their talents to the public and build an open, free, equal NFT marketplace and decentralized. The fund covers a diverse range of NFT projects, including Sports, PFP, Asia Culture, Celebrity, GameFi, and many other innovative projects, to promote global mass blockchain adoption.

As one of the first companies backed by the KuCoin Creators Fund, Joyride is a leading web3 publishing platform for game creators, providing developer tools, go-to-market support and technologies. of blockchain. Joyride brings NFTs and tokens to games for casual mobile audiences. In March 2022, Joyride announced $14 million in funding from gaming and blockchain funds and investors including BITKRAFT Ventures, Coinbase Ventures, Animoca Brands, Solana Ventures, and others.

The new funding from KuCoin Ventures announced today will be used to grow Joyride’s team, further develop the publishing platform, and launch the company’s first game titles.

Justin Chou, Chief Investment Officer of KuCoin, said, “We are thrilled to work with the team at Joyride Games, who have extensive gaming and blockchain experience and aim to bring their vision of Web3 to revolutionize the industry. gaming by creating games accessible on the blockchain. for consumers. »

Joyride’s technology includes NFT, fungible token economics and blockchain wallet support, as well as market-leading live trading and publishing capabilities. Joyride has already announced the first titles lightning solitaire and tennis champion, built on the company’s platform, and the Genesis NFT Tennis Champions collection sold out in 30 seconds at its debut.

“We see the broader market need for accessible and fun experiences that a wide audience can enjoy anywhere – that’s why we’re building the casual game publishing platform for the Web3 era,” said said Omar Siddiqui, CEO of Joyride Games. “With investors and partners like KuCoin Ventures, Joyride has the long-term backing and strategic backing to build for the long term.”

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusivity and reach for community action, it offers over 700 digital assets and currently offers spot trading, margin trading, fiat P2P trading, term, staking and lending to its 18 million users in 207 countries. and regions.

In 2022, KuCoin raised over $150 million in investments in a pre-Series B round, bringing total investments to $170 million with the combined A round, for a total valuation of $10 billion. of dollars. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the best crypto exchanges in 2021. In 2022, The Ascent named KuCoin the best crypto app for enthusiasts.

To learn more, visit https://www.KuCoin.com.

About KuCoin Ventures

KuCoin Ventures is a premier investment arm of KuCoin Exchange that aims to invest in the most disruptive cryptocurrency and blockchain projects of the Web3.0 era. With a commitment to empowering Crypto/Web 3.0 builders with in-depth information and global resources, it is also a large-scale, community-driven, research-driven company that focuses on DeFi, Game-Fi , Web 3.0, infrastructure, working closely with its portfolio projects throughout the entrepreneurship journey.

About Joyride Games

Joyride is a web3 publishing platform for game creators backed by leading blockchain partners such as SuperLayer, Coinbase Ventures, Dapper Labs, Solana Ventures, OpenSea, and KuCoin Ventures. Optimized for the Unity ecosystem, Joyride enables game developers to create and launch blockchain-powered casual, esports, and social games on iOS and Android.

For more information, visit www.onjoyride.com and join the Joyride Games Discord community.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220525005095/en/

CONTACT: Emma Haul

[email protected] Games

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KEYWORD: AFRICA UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: DATA MANAGEMENT BANKING CONSUMER ELECTRONICS TECHNOLOGY PROFESSIONAL SERVICES GAMES ENTERTAINMENT SOFTWARE MOBILE/WIRELESS INTERNET FINANCE

SOURCE: KuCoin

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PUBLISHED: 05/25/2022 06:00 / DISK: 05/25/2022 06:02

http://www.businesswire.com/news/home/20220525005095/en

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