Bitget Launches $100 Million Bitget Web3 Fund to Support Web3 Development

Posted by

Crypto News > Bitget Launches $100 Million Bitget Web3 Fund to Support Web3 Development

Bitget, a top crypto derivatives and copy trading platform, has launched its Bitget Web3 Fund with an initial investment of $100 million. The fund is aimed at supporting the development of the next generation of crypto projects and will focus on investing in Web3-friendly venture capital and outstanding Web3 projects.

Adhering to a “Go beyond derivative” strategy in 2023, Bitget aims to foster a positive attitude towards the digital currency economy and support the development of the Web3 environment. The Bitget Web3 Fund will seek out VCs and projects globally, prioritizing partners in Asia that have a clear roadmap and an experienced team, and those that offer innovative solutions to real-world problems.

Bitget has received inquiries from several VCs, including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital, for potential partnerships. Gracy Chen, the Managing Director of Bitget, commented on the launch of the new fund, stating that the team of analysts has already outlined the criteria for project selection and will adhere to them strictly.

Bitget’s Commitment to Advancing Crypto Adoption

Bitget has been a supporter of numerous endeavors aimed at advancing the adoption of cryptocurrencies. In recent months, the exchange acquired several Web3 applications and pledged 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, Bitget 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. The exchange is also launching numerous events and challenges for the community to support both individual initiatives and overall community spirit.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange with futures trading and copy trading services as its key features. The exchange serves over 8 million users in more than 100 countries and regions, providing a secure, one-stop trading solution. Bitget collaborates 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Crypto Fear & Greed Index