THELOGICALINDIAN - Press Release The latest cardinal advance in arising SocialFi startup Torum from KuCoin Labs will empower the development of a SocialFi Metaverse powered by VR and Web30 technologies
4th November 2021, Kuala Lumpur, Malaysia — Following the cardinal advance of Huobi Ventures and 20 added arresting crypto VCs, Torum SocialFi platform is aflame to advertise that the activity has anchored a cardinal advance from KuCoin Labs, the $50M incubator and analysis arm of KuCoin.
Torum is a SocialFi Metaverse ecosystem that is distinctively advised to affix cryptocurrency users and projects. The Web 3.0 ecosystem is congenital with a amusing media belvedere with over 120,000 users at its core, chip with an alternate crop agriculture platform, an NFT marketplace, and after the world’s aboriginal PFP Metaverse character – Torum Avatar NFT.
Everything started back Torum appear the appetite to expand into the Metaverse and NFT on 27th September 2021. The SocialFi Metaverse abstraction has bent the eye of KuCoin Labs, which led to accelerated affairs and aftereffect calls amid the two parties and after the cardinal advance on Torum.
Lou, Head of KuCoin Labs stated:
“The adorableness of Metaverse lies in its diversity. Social, Avatars, NFT collections, GameFi – Metaverse is activity to change the apple as we see it. This is alone the tip of the iceberg, and we attending advanced to abutment Torum’s eyes to body a SocialFi Metaverse for the crypto users”
As allotment of this cardinal investment, Torum will be architecture an immersive and alternate SocialFi Metaverse ecosystem, area cryptocurrency users about the apple can admission Social, Decentralized Finance, NFT and Metaverse all in one place.
Yi Feng Go, CEO, and architect of Torum stated:
“This annular is a above footfall appear the accessible Metaverse revolution. It doesn’t amount if you are a Bitcoin maximalist, DeFi player, altcoin banker or NFT artist. This SocialFi Metaverse is our affiance of creating an open, safe and commutual apple for everyone.”
The affiliation with KuCoin Labs will empower Torum with the affiliation to absolute ally and admission to exceptional casework (blockchain abstruse support, acknowledged advice, etc) that are aural the ability of the KuCoin ecosystem to focus on the development of the SocialFi Metaverse.
Initially founded as the KuCoin Advance and Incubation Program in May 2018, KuCoin Labs is the advance and analysis force of the KuCoin ecosystem. With a aggregation of analysis and bazaar experts, KuCoin Labs diversifies and intensifies investments into early-stage projects, ecosystems, and communities, allotment BUIDLers to accomplish acceptable advance and success in the decentralized world.
Torum is the world’s better SocialFi Metaverse ecosystem that is distinctively advised for cryptocurrency users and projects. The Web3.0 ecosystem is congenital on a amusing media platform, accompanying with a crop agriculture belvedere for DeFi players, an NFT exchange for crypto artists and Avatar NFT for Metaverse enthusiasts.
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Media Contact Details
Contact Name: Jayson Tan
Contact Email: [email protected]
Torum is the antecedent of this content. This Press Release is for advisory purposes only. The admonition does not aggregate advance admonition or an action to invest.
