The KuCoin ecosystem’s investment and incubation arm, KuCoin Labs, has announced that it will be working with Univers Network to launch an incubation programme. Univers aims to improve Web-3 by building a metaverse architecture that gives communities greater control. Specifically, the network is working on a project dubbed “Choose-to-Earn,”. The project which will facilitate interactions between developers and users, thereby benefiting the communities associated with both projects.
Unpacking the partnership
To break down the collaboration, Univers Network is an independent metaverse initiative developing infrastructure tools for cross-world communication and cooperation. Over 50 programmers are developing a software development kit (SDK) that will enable metaverse interconnectivity, using frameworks like blockchain and game engines. As part of its mission to revolutionize how real-world people engage with digital environments, Univers in 2022 will also work toward the unification of game engines by introducing E-Sports on the blockchain.
Later this year, Univers Network will introduce its Decentralized Publishing Company (DPC). Also, it will launch other initiatives and development studios that will form part of its ecosystem. Also, Univers Network is receiving advice from KuCoin Labs on a variety of fronts. It’s also disseminating information about things like Web-3 community incentives, technological structures, corporate strategy, marketing focuses, funding, and go-to-market plans.
To better support project owners in their pursuit of long-term growth and success in the decentralized world, KuCoin Labs has diversified its investments into early-stage businesses. KuCoin is looking forward to discussing future opportunities for partnership with Univers Network. This will provide the flexibility and means to make it the de facto standard in cutting-edge metaverse infrastructure.
CoinMarketCap ranks KuCoin as a top 5 cryptocurrency exchange. The company successfully completed a pre-Series B investment round, raising over $150 million in 2022. Combining this with Round A’s investment brings the total to $170 million at a valuation of $10 billion.