Bitget Launches $100M Web3 Fund For Next-Gen Crypto Projects In Asia
Bitget has announced the launch of its Bitget Web3 Fund during the Hong Kong Blockchain Week with an initial investment of $100 million. The fund will focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting the development of the next generation of crypto projects.
#Bitget Launches $100M #Web3 Fund to Support Next-Generation #Crypto Projects in Asia
— Bitget (@bitgetglobal) April 10, 2023
‘Go Beyond Derivative’
The Bitget exchange is adhering to a ‘Go beyond derivative’ strategy in 2023 with the launch of the Bitget Web3 Fund, which is intended to foster a positive attitude towards the digital currencies economy and support the development of the Web3 environment. The Bitget Web3 Fund will seek out VCs and projects globally but prioritize partners in Asia that have a clear roadmap and an experienced team, and those that offer innovative solutions to real-world problems. The Bitget Web3 Fund has already received inquiries from VCs including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital for potential partnerships.
“We can see that Web3 space is evolving rapidly, and many projects deserve the support to further advance such development and make Web3 a truly global phenomenon, as Web2 had once become. That is why the Bitget Web3 Fund will strive to seek out projects that have the most impact on this process,” said Gracy Chen, the Managing Director of Bitget.
Web3 Applications and Wallet
Bitget has been a supporter of numerous endeavors aimed at advancing the adoption of cryptocurrencies. The new ‘Go beyond derivatives’ strategy saw the exchange acquire several Web3 applications in recent months and pledge its support as a sleeve sponsor to Juventus, and as a general sponsor to the Juventus Women’s Team for the 2022-2023 season. In a major move into the Web3 space, the exchange recently acquired the BitKeep wallet – a Web3 access gateway with over 9.5 million users, which will further enhance the Web3 surfing experience for Bitget users.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. Serving over 8 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the leading Italian football team Juventus, and official eSports events organizer PGL. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.
