KuCoin Labs Invests in MR-DePIN DeMR
KuCoin Labs, part of the KuCoin ecosystem, has invested in DeMR, a decentralized Mixed Reality (MR) infrastructure network (MR-DePIN) on the Solana Chain. This partnership will focus on community work and developing new products together. This partnership shows that KuCoin Labs recognizes the potential of the DePIN track and understands the future of the crypto industry.
KuCoin, started in September 2017, is a global crypto exchange based in Seychelles. With a user-focused approach and operations in over 200 countries, it offers 700+ digital assets and various trading options to its 30 million users. It’s among the top 5 exchanges on CoinMarketCap. In 2023, Forbes recognized KuCoin as one of the Best Crypto Exchanges. Finder also awarded it as a top global exchange. Since May 2018, KuCoin’s investment program has brought crypto experts together for market research and analysis. The program also provides support for early-stage projects in the decentralized world, aiming for their sustainable growth and success.
“Future growth in the DePIN track will incentivize more providers to join in a self-reinforcing, long-term growth cycle. KuCoin Labs will support DeMR in its efforts to continue to achieve its key milestones” said Lou Yu, Head of KuCoin Labs.
DeMR seamlessly incorporates MR and stands out with assets like Compass NFTs, Land NFTs, and Node License NFTs. This strengthens connections with the DeMR ecosystem, increasing real-world impact and economic value. Moreover, KuCoin is excited to grow with DeMR and create more opportunities for users together in the future.
