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Bitget Launches US$100M Web3 Fund for Next-Gen Crypto Projects

Bitget, the largest crypto copy trading platform, has announced its Web3 fund with an initial investment of US$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.

The Bitget Web3 Fund will seek out VCs and projects globally that have a clear roadmap and an experienced team, and those that offer innovative solutions to real-world problems. As of now, it has 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. 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. 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. Bitget is also launching numerous events and challenges for the community to support both individual initiatives and overall community spirit.

About Bitget Bitget, established in 2018, is the world’s leading cryptocurrency exchange with a core focus on copy trading. 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.

This was posted in Bdaily's Members' News section by Bitget .