TechDogs-"KuCoin Ventures Announces Strategic Investment In Crystal Fun, Elevating The Future Of Web3 Gaming"

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KuCoin Ventures Announces Strategic Investment In Crystal Fun, Elevating The Future Of Web3 Gaming

By Business Wire

Business Wire
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VICTORIA, Seychelles--(BUSINESS WIRE)--In a landmark move that underscores the growing intersection between blockchain technology and the gaming industry, KuCoin Ventures, the investment arm of the global cryptocurrency exchange KuCoin, has announced a strategic investment in Crystal Fun. This partnership marks a significant milestone in the development of decentralized gaming platforms, promising to bring a new era of gaming experience to the Web3 space.

Crystal Fun, a pioneering Web3 gaming mega-ecosystem and studio, is on a mission to revolutionize the gaming industry. By seamlessly integrating top-tier games within sustainable economic systems, Crystal Fun is setting the stage for a new paradigm in gaming, where players are not just consumers but active participants in the ecosystem.

The expertise behind Crystal Fun is formidable, with a team that boasts decades of experience in game development and operations across industry giants such as Ubisoft, Gameloft, Glu, Tencent, Shengda Games, and Actoz. This wealth of experience is reflected in the success of several team members who have contributed to projects generating billions in annual revenues and attracting millions of daily active users (DAUs).

Crystal Fun's impressive portfolio includes four publicly announced games: OUTER, which has successfully completed its first testing phase, Endless War, STARFALL2312, and Survivor. These games, each promising a unique and immersive experience, are set to be launched successively on the Crystal Fun platform throughout the year, marking significant milestones in the platform's growth.

KuCoin Ventures' investment in Crystal Fun is a testament to their confidence in the potential of Web3 gaming to reshape the entertainment landscape. This partnership is poised to leverage the strengths of both entities - KuCoin's extensive resources and networks, combined with Crystal Fun's innovative approach to gaming, are expected to accelerate the adoption of Web3 gaming solutions worldwide.

"We are thrilled to partner with Crystal Fun and support their vision of creating a decentralized gaming ecosystem that is both entertaining and economically sustainable," said Lou Yu, Head of KuCoin Ventures. "This investment aligns with our commitment to fostering innovation in the blockchain space and we are excited to be part of the next evolution in gaming."

Paul Lessells, CEO & Co-founder of Crystal Fun, expressed enthusiasm about the collaborative endeavor, stating, "The partnership between Crystal Fun and KuCoin Ventures demonstrates a significant milestone in our shared mission to empower gaming landscape within the Web3 space."

The collaboration between KuCoin Ventures and Crystal Fun is more than just an investment; it's a strategic alliance that aims to unlock new possibilities in the gaming sector. By integrating blockchain technology with engaging gaming experiences, Crystal Fun is set to redefine what it means to play games in the digital era.

ABOUT KUCOIN

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 30 million users in more than 200 countries and regions. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder's 2023 Global Cryptocurrency Trading Platform Awards. Learn more at https://www.kucoin.com/.

ABOUT KUCOIN VENTURES

KuCoin Ventures aims to invest in the most disruptive crypto and blockchain projects of the Web 3.0 era. As a community-friendly and research-driven investor, KuCoin Ventures works closely with portfolio projects throughout the entire life cycle, with a focus on DeFi, GameFi, and other Web3.0 infrastructures.

ABOUT CRYSTAL FUN

Crystal Fun is a decentralized gaming mega-ecosystem and studio. It aims to seamlessly integrate high-quality games within sustainable economic systems, ushering in a groundbreaking gaming experience into Web3.
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Contacts

For media-related matters, please contact media@kucoin.com.

First published on Tue, Feb 20, 2024

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