AVATAR Strategic Investment in Kine Protocol
Kine Protocol announce a new partnership with AVATAR (Avalanche Asia Star Fund) The partnership will help the team enhance its integration with the Avalanche ecosystem. AVATAR makes a strategic investment in Kine Protocol to expand the multi-chain ecosystem layout further.
AVATAR Partnership News
AVATAR is a crucial pillar of the ongoing development of the Avalanche ecosystem. The Avalanche Asia Star Fund aims to accelerate the development of Avalanche by making strategic investments in promising teams and projects. Moreover, they mainly focus on decentralized finance and metaverse solutions.
As Kine Protocol recently deployed on the Avalanche ecosystem, the partnership with AVATAR marks a crucial milestone. Through this collaboration and strategic funding, Kine can help expand the platform and launch new products to foster ongoing growth as an Avalanche-supporting protocol.
AVATAR’s team of investors, researchers, and computer scientists will offer their expertise to Kine Protocol and help unlock the success of blockchain technology. Additionally, the venture capital firm has set up a $20 million fund to develop and expand the Avalanche ecosystem. Choosing Kine as a partner marks a crucial milestone for all parties involved.
Fostering Kine Protocol Growth
At Kine, the team recently completed its Avalanche (AVAX) chain deployment earlier this month. That brings the number of support chains to four, as Kine was accessible on Ethereum, Binance Smart Chain, and Polygon already. All of these networks support the native decentralized DeFi derivatives trading solution, accessible through a convenient and powerful user interface and experience.
To date, Kine notes over 7,000 daily active users and an average 24-hour trading volume of roughly $300 million. Kine has become the #10 decentralized exchange on CoinMarketCap and expects to note further growth over the coming months.
The AVATAR news comes on the heels of Kine’s Trading FUN event. The combination of trading with Blind Box functionality and non-fungible tokens (NFTs) has received much attention and praise from users and community members. Users participating in trading FUN can exchange, integrate, and swap their non-fungible tokens through the Kine NFT platform.
The mission for Kine remains the same: everything on a blockchain should be tradeable. Moreover, the focus lies with metaverse, decentralized finance, and NFT technology, three of the most exciting segments of the broader cryptocurrency industry today. The partnership with AVATAR ensures a deeper integration of Kine Protocol’s vision into Avalanche (AVAX).
About Kine Protocol
Kine Protocol is a decentralized derivatives protocol that establishes liquidity pool general purpose backed by a customizable digital asset portfolio.
