{"id":20854,"date":"2021-11-04T13:00:14","date_gmt":"2021-11-04T13:00:14","guid":{"rendered":"http:\/\/bitcoinprbuzz.com\/?p=20854"},"modified":"2021-11-04T13:00:14","modified_gmt":"2021-11-04T13:00:14","slug":"kucoin-labs-invest-in-huobi-backed-socialfi-platform-to-expand-into-metaverse-nft-space","status":"publish","type":"post","link":"https:\/\/wire.bitcoinprbuzz.com\/kucoin-labs-invest-in-huobi-backed-socialfi-platform-to-expand-into-metaverse-nft-space\/","title":{"rendered":"KuCoin Labs Invest in Huobi-backed SocialFi Platform to Expand into Metaverse & NFT Space"},"content":{"rendered":"

Press Release<\/b>: <\/span>The latest strategic investment in emerging SocialFi startup Torum from KuCoin Labs will empower the development of a SocialFi Metaverse powered by VR and Web3.0 technologies.\u00a0<\/span><\/i><\/p>\n

 <\/p>\n

4th November 2021, Kuala Lumpur, Malaysia<\/b> \u2014 Following the strategic investment of Huobi Ventures and 20 other prominent crypto VCs, <\/span>Torum SocialFi platform<\/span><\/a> is excited to announce that the project has secured a strategic investment from KuCoin Labs, the $50M incubator and research arm of KuCoin.<\/span><\/p>\n

 <\/p>\n

The Torum KuCoin Ecosystem<\/b><\/span><\/h2>\n

Torum is a SocialFi Metaverse ecosystem that is specially designed to connect cryptocurrency users and projects. The Web 3.0 ecosystem is built with a social media platform with over 120,000 users at its core, integrated with an interactive yield farming platform, an NFT marketplace, and lastly the world\u2019s first PFP Metaverse identity – Torum Avatar NFT.<\/span><\/p>\n

 <\/p>\n

Everything started when Torum announced the ambition to <\/span>expand into the Metaverse and NFT<\/span><\/a> on 27th September 2021. The SocialFi Metaverse concept has caught the eye of KuCoin Labs, which led to intensive meetings and follow-up calls between the two parties and lastly the strategic investment on Torum.<\/span><\/p>\n

 <\/p>\n

Lou, Head of KuCoin Labs<\/b> stated:<\/span><\/p>\n

 <\/p>\n

\u201cThe beauty of Metaverse lies in its diversity. Social, Avatars, NFT collections, GameFi – Metaverse is going to change the world as we see it. This is merely the tip of the iceberg, and we look forward to supporting Torum\u2019s vision to build a SocialFi Metaverse for the crypto users”<\/span><\/i><\/p><\/blockquote>\n

 <\/p>\n

Ecosystem Expansion\u00a0<\/b><\/span><\/h2>\n

As part of this strategic investment, Torum will be building an immersive and interactive SocialFi Metaverse ecosystem, where cryptocurrency users around the world can access Social, Decentralized Finance, NFT and Metaverse all in one place.<\/span><\/p>\n

 <\/p>\n

Yi Feng Go, CEO, and founder of Torum<\/b> stated:<\/span><\/p>\n

 <\/p>\n

\u201cThis round is a major step towards the upcoming Metaverse revolution. It doesn\u2019t matter if you are a Bitcoin maximalist, DeFi player, altcoin trader or NFT artist. This SocialFi Metaverse is our promise of creating an open, safe and interconnected world for everyone.\u201d<\/span><\/i><\/p><\/blockquote>\n

 <\/p>\n

The partnership with KuCoin Labs will empower Torum with the connection to exclusive partners and access to premium services (blockchain technical support, legal advice, etc) that are within the reach of the KuCoin ecosystem to focus on the development of the SocialFi Metaverse.<\/span><\/p>\n

 <\/p>\n

About KuCoin Labs<\/b><\/p>\n

Initially founded as the KuCoin Investment and Incubation Program in May 2018, <\/span>KuCoin Labs<\/span><\/a> is the investment and research force of the <\/span>KuCoin<\/span><\/a> ecosystem. With a team of research and market experts, KuCoin Labs diversifies and intensifies investments into early-stage projects, ecosystems, and communities, empowering BUIDLers to achieve sustainable growth and success in the decentralized world.<\/span><\/p>\n

 <\/p>\n

About Torum\u00a0<\/b><\/p>\n

Torum<\/span><\/a> is the world\u2019s largest SocialFi Metaverse ecosystem that is specially designed for cryptocurrency users and projects. The Web3.0 ecosystem is built on a social media platform, coupled with a yield farming platform for DeFi players, an NFT marketplace for crypto artists, and Avatar NFT for Metaverse enthusiasts.<\/span><\/p>\n

 <\/p>\n

Torum Socials<\/b><\/p>\n

Twitter<\/span><\/a> | <\/span>Telegram<\/span><\/a> | <\/span>Discord<\/span><\/a> | <\/span>Medium<\/span><\/a> | <\/span>Facebook<\/span><\/a> | <\/span>LinkedIn<\/span><\/a> | <\/span>Reddit<\/span><\/a><\/p>\n

 <\/p>\n

Media Contact Details<\/b><\/p>\n

Contact Name<\/b>: Jayson Tan<\/span><\/p>\n

Contact Email<\/b>: <\/span>hello@torum.com<\/span><\/a><\/p>\n

\u00a0\u00a0<\/span><\/p>\n

Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.\u00a0<\/span><\/i><\/p>\n

 <\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

Press Release: The latest strategic investment in emerging SocialFi startup Torum from KuCoin Labs will empower the development of a SocialFi Metaverse powered by VR and Web3.0 technologies.\u00a0   4th November 2021, Kuala Lumpur, Malaysia \u2014 Following the strategic investment of Huobi Ventures and 20 other prominent crypto VCs, Torum SocialFi platform is excited to […]<\/p>\n","protected":false},"author":2,"featured_media":20856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_jf_save_progress":"","_jet_sm_ready_style":"","_jet_sm_style":"","_jet_sm_controls_values":"","_jet_sm_fonts_collection":"","_jet_sm_fonts_links":""},"categories":[1673],"tags":[1731,1874,1866,1845],"yoast_head":"\nKuCoin Labs Invest in Huobi-backed SocialFi Platform to Expand into Metaverse & NFT Space - Bitcoin PR Buzz<\/title>\n<meta name=\"description\" content=\"Bitcoin PR Buzz - KuCoin Labs Invest in Huobi-backed SocialFi Platform to Expand into Metaverse & NFT Space\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wire.bitcoinprbuzz.com\/kucoin-labs-invest-in-huobi-backed-socialfi-platform-to-expand-into-metaverse-nft-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KuCoin Labs Invest in Huobi-backed SocialFi Platform to Expand into Metaverse & NFT Space - 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