Victoria, Seychelles – KuCoinThe leading global cryptocurrency trading platform, announced that venture capital arm KuCoin Ventures is making a strategic investment in pixieWeb3 is the world’s first fully functional photo and video sharing social network with SocialFi concept.
Pixie is an entertaining social media platform that allows users to earn cryptocurrency. Like the web 3 version of TikTok and Instagram, Pixie has taken the lead in bringing SocialFi to the world. Through NFT technology, Pixie users will get all rights to their digital content as ownership. With the help of NFT technology, Pixie is a pioneer in protecting the copyrights of digital content from the beginning of the initial content creation.
The new funding from KuCoin Ventures announced today will be used to support the expansion of the Pixie team and many other aspects, such as product, technology and security, to improve the user experience and launch more innovative products.
Justin Chu, chief investment officer of KuCoin, said: “Pixie has a fully functional and highly competitive product that users can download at any time from the App Store. Pixie will generate massive and continuous profit through advertising, which means that Pixie is completely different from the project by relying on more From paid users who join. As the web3 version of Instagram or Tiktok, I think pixie has a huge fantasy space in the future.”
Amjad Soliman, Chief Business Officer at Pixie, said: “Pixie is built on the idea that the public will wake up to the fact that multinational social media companies are making billions from their content, and they won’t see a penny from it. Using our world-leading knowledge of blockchain technology, we’ve built what we believe is The world’s first SocialFi network Ensuring that users have true ownership of their content is the foundation of Pixie, and we hope that it will spark the beginning of the era of “social networking to earn”. Investment is vital to expanding Pixie’s next step. It is a great honor to receive the investment from KuCoin. With their support, we will further strengthen the SocialFi ecosystem and facilitate the free flow of asset values.”
Pixie is the world’s first fully functional photo and video sharing social network in Web3 with the concept of SocialFi. Users can earn PIX cipher through their creations and social activities like posting, liking, reposting, etc. Pixie allows Web3 users to view Ethereum NFT assets in the Pixie app and share the NFT with other users while earning PIX rewards accordingly. Pixie has allowed users to truly own their data. Users can mint their posts into NFTs, which can be easily exported to other supported platforms. Pixie defines an all-new “Creator Crypto-Economy” model and works with all of its users to build and develop a decentralized social network where users can manage and share value and profits.
In the past few months, Pixie has reached over 200,000 registered users and 20,000 DAUs, who have already contributed over 7 million posts, including photos and videos. Pixie has become one of the biggest social networks in the Web3 era with the concept of SocialFi.
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusivity and access to community action, it offers over 700 digital assets. Currently, it provides spot trading, margin trading, P2P cash trading, futures trading, betting, and lending to 20 million users in 207 countries and regions.
In 2022, KuCoin raised over $150 million in investments through the Pre-Series B round, bringing the total investment to $170 million with the first round combined, with a total value of $10 billion. KuCoin is currently one of the top 5 crypto exchanges, according to CoinMarketCap. In 2021, Forbes ranked KuCoin as one of the best cryptocurrency exchanges. In 2022, The Ascent chose KuCoin as the best crypto app for its fans.
About KuCoin Projects
KuCoin Ventures is a leading investment arm of the KuCoin Exchange that aims to invest in the most disruptive crypto and blockchain projects of the Web3.0 era. With a commitment to enabling Crypto/Web 3.0 Builders with Deep Insights and Global Resources, it is also a full-stage, community-friendly, research-driven enterprise project focused on DeFi, Game-Fi, Web 3.0 and infrastructure and working closely with its portfolio projects throughout its entrepreneurial journey.
To find out more, visit / kucoin-projects
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