Cryptocurrency exchange KuCoin announced that its venture capital arm, KuCoin Ventures, has made a strategic investment in Pixie, the Web3 social entertainment platform, for an undisclosed amount.

 

It is reported that Pixie hopes to create Web3 versions of TikTok and Instagram, allowing Web3 users to display Ethereum NFT assets in the App.

 

Pixie users can acquire ownership of digital content and build the SocialFi network through NFTs. The new funding will be used for the Pixie team, technology and security development, improving the user experience and launching more innovative products.