3 - 5 minute read
Bitget, a popular crypto trading platform, has recently announced the launch of its Web3 Fund, aimed at investing $100 million in Asia-based start-ups and projects related to real-world use cases. The fund seeks to support the development of Web3 and help make it a globally adopted phenomenon, as Web2 once became. The platform created strict criteria for project selection and is confident about attracting other venture capital firms to collaborate with the fund.
Bitget, a crypto trading platform, recently announced the launch of its Web3 Fund aimed at investing $100 million in Asia-based start-ups and projects related to real-world use cases. Gracy Chen, Bitget’s managing director, commented on the launch of the fund, “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.” Bitget has formulated strict criteria for project selection, which will be adhered to by analysts. Other venture capital firms like Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital have expressed interest in collaborating with Bitget.
Bitget’s managing director, Gracy Chen, highlighted the significance of the Web3 Fund and its potential impact on financial innovation in Asia. The Web3 space is evolving rather rapidly, and Bitget’s Web3 Fund will seek to discover the most impactful projects for advancing the space further. The inclusion of venture capital firms like Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker and ABCDE Capital implies that the industry experts have faith in Bitget’s investment strategy and are willing to collaborate with them on this venture.
The launch of Bitget’s Web3 Fund has the potential to create immense opportunities for investors in the Asian crypto market. As more and more projects are taken onboard by the Web3 Fund, their potential to exponentially increase their market value is high. This is why traders should consider investing in the participating projects once they are listed on the exchange.The Importance of Web3 Fund in Crypto Landscape
The Bottom Line
The launch of Bitget’s Web3 Fund represents a significant development in the Asian crypto market. The fund’s investment in real-world use cases will help advance financial innovation in Asia, creating immense opportunities for traders and investors alike. The inclusion of seasoned venture capital firms in the lineup suggests that Bitget’s investment strategy is compelling enough to attract top industry experts. Traders should keep an eye on the projects taken onboard by the Web3 Fund as they are likely to create significant ripples in the crypto market. The Bottom Line: With the launch of Bitget’s Web3 Fund, the Asian crypto market is set to witness significant growth soon. Traders should invest in the participating projects, as they have the potential to deliver exceptional returns once listed on the exchange.