Bitget Exchange opened the Web3 development fund in Asia on $100 млн – Bits Media

International Bitget Cryptoderivat Exchange, registered in the Seychelles, Formed a new fund for the development of Asian Web3 projects in the amount $100 million.

According to the managing director of Bitget Grace Chen (Gracy Chen), Web3 space is rapidly expanding, and many projects need financial support for further development. The main attention will be paid to Asian projects with experienced teams and well -worked out road maps, which will offer effective solutions to real problems.

The initiative was supported by the venture companies Foresight Ventures, Abcde Capital, SevenX Ventures, DAO Make и Dragonfly Capital, which recently invested in Bitget $10 million.

“Bitget has always supported promising and innovative projects. Launching a new fund, We want to achieve, for Web3 to become the same global phenomenon, As Web2 once became. We hope, that this will allow us to go beyond derivatives in 2023 year ", - said Bitget Managing Director.

This is not the first fund, launched exchange. Last year, Bitget launched a fund in the amount $200 Milly to protect investors and restore their trust in cryptocurrencies in the conditions of a protracted bear trend in the market.

Recall, that the Bitget trading platform has recently integrated the services of a decentralized Bitkeep multi-pitch to increase the safety of crypto-activists storage.