Bitget, a cryptocurrency trading platform, recently revealed its plans to launch a $100 million crypto fund to further develop the Web3 sector. The programme is part of their 'Going Beyond Derivatives' strategy and is called the Bitget Web3 Fund. The initiative will seek venture capitalists and projects around the world, with a particular focus on projects in Asia; they have already received requests from Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker and ABCDE Capital.
Bitget reports that the Web3 sector is growing by leaps and bounds; it is supporting many companies to ensure their success on a global scale. The Bitget Web3 Fund is dedicated to finding start-ups that can have a lasting and productive impact on this area of progress. These investments are made with a cautious and at the same time adventurous approach.
Gracie Chen, CEO of Bitget, once again confirmed their commitment to building financial technology in Asia and that their platform could be used as a reliable, convenient and secure connection between the DeFi and CeFi spheres. They have set criteria for project selection, which they will strictly adhere to.
In accordance with its new strategy "Going Beyond Derivatives", the exchange has acquired several Web3 applications in recent months and has also been recognised as a sponsor of Juventus Football Club for the 2022-2023 season.
Recently, exchange management also acquired BitKeep Wallet, a Web3 entry pass with more than 9.5 million users. The exchange plans to expand spot trading, the launch panel and Bitget Earn products in 2023. Finally, the Bitget team has pledged to organise many community events to support all projects.