Press release. Torum’s latest strategic investment in SocialFi startup KuCoin Labs will enable the development of the SocialFi Metaverse powered by VR and Web3.0 technologies.
November 4, 2021, Kuala Lumpur, Malaysia – After strategic investment by Huobi Ventures and 20 other crypto venture capital companies, SocialFi منصة platform We are pleased to announce that the project has received a strategic investment from KuCoin Labs, the $50 million KuCoin incubator and research arm of KuCoin.
Ecosystem Torum KuCoin
Torum is a SocialFi Metaverse ecosystem specifically designed to connect cryptocurrency users and projects. The Web 3.0 ecosystem is built with a social media platform of over 120,000 users at its core, integrated with an interactive farming platform, NFT Marketplace, and finally the world’s first PFP Metaverse identity – Torum Avatar NFT.
It all started when Torum announced an ambition Expansion into the Metaverse and NFT On September 27, 2021. The SocialFi Metaverse concept caught the attention of KuCoin Labs, resulting in extensive meetings and follow-up calls between the two parties and finally the strategic investment in Torum.
Lu, Head of KuCoin Labs advertiser:
“The beauty of the Metaverse lies in its diversity. Social Groups, Avatars, NFT, GameFi – Metaverse will change the world as we see it. This is just the tip of the iceberg, and we look forward to supporting Torum’s vision of building a SocialFi Metaverse for crypto users”
Expanding the ecosystem
As part of this strategic investment, Torum will build an immersive and interactive SocialFi Metaverse ecosystem, where cryptocurrency users around the world can access Social, decentralized finance, NFT and the Metaverse in one place.
Yi Feng Go, CEO and founder of Torum advertiser:
“This tour is a major step towards the next Metaverse revolution. It doesn’t matter if you are a Bitcoin trader, DeFi player, altcoin trader, or NFT artist. This SocialFi Metaverse is our promise to create an open, secure, and connected world for everyone.”
The partnership with KuCoin Labs will enable Torum to connect with exclusive partners and access premium services (blockchain technical support, legal advice, etc.) that are within the reach of the KuCoin ecosystem to focus on developing the SocialFi Metaverse.
About KuCoin Labs
Initially founded as KuCoin Investment and Incubation Program in May 2018, KuCoin . Labs Is the strength of investment and research in KuCoin environmental system. With a team of research and market experts, KuCoin Labs diversifies and ramps up investments in early stage projects, ecosystems, and communities, enabling BUIDLers to achieve sustainable growth and success in a decentralized world.
bed It is the largest SocialFi Metaverse ecosystem designed specifically for cryptocurrency users and projects. The Web3.0 ecosystem is built on a social media platform, along with a production farming platform for DeFi players, NFT Marketplace for crypto artists and Avatar NFT for Metaverse enthusiasts.
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