Cryptocurrency exchange Bitget has announced that it has launched the Bitget Web3 Fund to support Web3 projects.
bitget April 10 According to a press release published on Hong Kong Blockchain Week during, initially 100 million the dollar Bitget Web3 Fund announced its launch. The said fund Web3-friendly venture capital firms And select Web3 projects will be used to support
of the stock market web3 fund with the launch “Go beyond the derivative” to the strategy that you stick attention was drawn. Moreover all over the world venture capital and projects to the evaluation The underlined fund will be in Asia. net One to the roadmap And experienced One to the team projects with will prioritize transferred.
Bitget Managing Director on the launch of the said fund, which is said to be self-funded Grace Chen made the following statements:
Despite the current bear market, Bitget supports promising and innovative projects with a focus on BUIDL and contributes to the development of the Web3 environment. We can see that the Web3 space is rapidly evolving, and many projects deserve support to further this kind of development and make Web3 a truly global phenomenon as Web2 once was. Our team of analysts has set the criteria for project selection and will strictly adhere to these criteria.
Currently, the stock market 10 million dollars strategic investor Dragonfly Capital including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker And ABCDE Capital for partnership of many venture capital companies such as 100 million dollar fund claimed to have been requested.
The local token of the exchange, according to Coinecko data BGB, with the announcement of the fund 0.41 from dollar levels 0.477 up to dollar levels 16% experienced a rise. One of the most rising altcoins of the day BGB, at the time of writing 0.457 traded in dollars.