Crypto
derivatives and copy trading platform Bitget has announced a strategic
partnership with Core DAO, an organization focused on developing the Satoshi
Plus ecosystem. The collaboration will see the establishment of a $200 million
ecosystem fund to support the growth and development of decentralized
applications (DApps).
Bitget Launches $200 Million
Crypto Fund
The fund
launch comes after the Core DAO network’s mainnet launch, built on the Core
Network Layer-1 blockchain, with its first airdrop of CORE tokens claimed by
more than 1.5 million users. The network has also recently integrated with the cross-chain
messaging protocol LayerZero and the permissionless Oracle protocol
Switchboard.
Backed by
strategic partners such as Bitget and MEXC, the Ecosystem Fund aims to provide
support to early-stage projects for various growth initiatives, including recruitment,
community-building programs, research and development, and marketing.
“This
investment is another show of proof of our commitment to supporting blockchain
space from various angles,” Gracy Chen, the Managing Director of Bitget,
commented.
“With
our help, we are confident that Core can reach great heights and advance the
real principles of decentralization, which stand on transparency and the
improvement of community members’ cross-chain experience,” she added.
Besides the
$200 million investment, the partnership will also…
