Bitget Unveils $100 Million Web3 Fund to Invest in Crypto VC and Projects

During the Hong Kong Blockchain Week, Bitget, a leading crypto derivatives and copy trading platform, unveiled its Bitget Web3 Fund with an initial investment of $100 million. The fund has been established to invest in Web3-friendly venture capital and outstanding Web3 projects with the aim of bolstering the development of the next generation of crypto projects.

In 2023, Bitget exchange will follow a ‘Go beyond derivative’ strategy with the launch of the Bitget Web3 Fund, with the goal of promoting a favorable outlook towards the digital currency economy and supporting the growth of the Web3 ecosystem.

The Bitget Web3 Fund has plans to search for VCs and projects worldwide but prioritize working with partners in Asia who possess a clear roadmap, an experienced team, and offer innovative solutions to real-world issues. Currently, inquiries for potential partnerships have already been received from notable VCs such as Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital.