Bitget launches $100M Web3 Fund to support crypto projects in Asia

Bitget launches $100M Web3 Fund to support crypto projects in Asia

Bitget launched the Bitget Web3 Fund with an initial investment of $100 million to invest in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting the development of the next generation of crypto projects.

The Bitget exchange is launching the Bitget Web3 Fund in 2023 to foster a positive attitude towards the digital currencies economy and support the development of the Web3 environment. It will seek out VCs and projects globally but prioritize partners in Asia that have a clear roadmap and an experienced team, and offer innovative solutions to real-world problems. It has received inquiries from VCs including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital.

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“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. We are taking a fully conscious and responsible approach in this regard and know how important accountability is when dealing with any innovative project requiring investments. We strive to support financial innovation in Asia and believe that our platform can act as a reliable, convenient, and secure link between the worlds of DeFi and CeFi. Our team of analysts has already outlined the criteria for project selection and will adhere to them strictly,” as Gracy Chen, the Managing Director of Bitget, commented on the launch of the new fund.

Bitget has been a supporter of numerous endeavors aimed at advancing the adoption of cryptocurrencies, including acquiring several Web3 applications and pledging its support to Juventus and the Juventus Women’s Team. In a major move into the Web3 space, the exchange recently acquired the BitKeep wallet, which will further enhance the Web3 surfing experience for Bitget users. Bitget is also launching events and challenges for the community to support individual initiatives and overall community spirit.

About Bitget

Bitget is the world’s leading cryptocurrency exchange with futures trading and copy trading services. Serving over 8 million users in more than 100 countries and regions, it provides a secure, one-stop trading solution and inspires individuals to embrace crypto through collaborations with credible partners. According to Coingecko, Bitget is currently a top 5 futures trading platform and a top 10 spot trading platform.

Compiled by Coinbold