Press Launch: The most recent strategic funding in rising SocialFi startup Torum from KuCoin Labs will empower the event of a SocialFi Metaverse powered by VR and Web3.0 applied sciences.
4th November 2021, Kuala Lumpur, Malaysia — Following the strategic funding of Huobi Ventures and 20 different outstanding crypto VCs, Torum SocialFi platform is happy to announce that the venture has secured a strategic funding from KuCoin Labs, the $50M incubator and analysis arm of KuCoin.
The Discussion board KuCoin Ecosystem
Torum is a SocialFi Metaverse ecosystem that’s specifically designed to join cryptocurrency customers and initiatives. The Internet 3.0 ecosystem is constructed with a social media platform with over 120,000 customers at its core, built-in with an interactive yield farming platform, an NFT market, and lastly the world’s first PFP Metaverse identification – Torum Avatar NFT.
Every part began when Torum introduced the ambition to expand into the Metaverse and NFT on twenty seventh September 2021. The SocialFi Metaverse idea has caught the attention of KuCoin Labs, which led to intensive conferences and follow-up calls between the 2 events and lastly the strategic funding on Torum.
Lou, Head of KuCoin Labs said:
“The fantastic thing about Metaverse lies in its variety. Social, Avatars, NFT collections, GameFi – Metaverse goes to change the world as we see it. That is merely the tip of the iceberg, and we glance ahead to assist Torum’s imaginative and prescient to construct a SocialFi Metaverse for the crypto customers”
As a part of this strategic funding, Torum will likely be constructing an immersive and interactive SocialFi Metaverse ecosystem, the place cryptocurrency customers around the globe can entry Social, Decentralized Finance, NFT and Metaverse all in one place.
Yi Feng Go, CEO, and founding father of Torum said:
“This spherical is a significant step in direction of the upcoming Metaverse revolution. It doesn’t matter in case you are a Bitcoin maximalist, DeFi participant, altcoin dealer or NFT artist. This SocialFi Metaverse is our promise of making an open, protected and interconnected world for everybody.”
The partnership with KuCoin Labs will empower Torum with the connection to unique companions and entry to premium providers (blockchain technical assist, authorized recommendation, and so forth) which can be inside the attain of the KuCoin ecosystem to concentrate on the event of the SocialFi Metaverse.
About KuCoin Labs
Initially based because the KuCoin Funding and Incubation Program in Might 2018, KuCoin Labs is the funding and analysis pressure of the KuCoin ecosystem. With a staff of analysis and market specialists, KuCoin Labs diversifies and intensifies investments into early-stage initiatives, ecosystems, and communities, empowering BUIDLers to obtain sustainable development and success in the decentralized world.
Torum is the world’s largest SocialFi Metaverse ecosystem that’s specifically designed for cryptocurrency customers and initiatives. The Web3.0 ecosystem is constructed on a social media platform, coupled with a yield farming platform for DeFi gamers, an NFT market for crypto artists and Avatar NFT for Metaverse fans.
Media Contact Particulars
Contact Identify: Jayson Tan
Contact E-mail: [email protected]
Torum is the supply of this content material. This Press Launch is for informational functions solely. The data doesn’t represent funding recommendation or a suggestion to make investments.