During the
Hong Kong Blockchain Week, Bitget, a crypto derivative and copy trading
platform, unveiled its Bitget Web3 Fund with an initial investment of $100
million. The fund aims to invest in Web3-friendly venture capital firms and Web3
projects to support the growth of the new crypto initiatives.
The Bitget
Web3 Fund is a part of the company’s 2023 ‘Go Beyond Derivative’ strategy,
which focuses on fostering a positive outlook on the digital currency economy
and promoting the development of the Web3 ecosystem.
Although
the fund will consider venture capital firms and projects worldwide, it will
prioritize Asian partners with a clear roadmap, an experienced team, and innovative solutions to real-world challenges.
Bitget has
already received inquiries from notable venture capital firms such as Foresight
Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital for
potential collaborations.
Gracy Chen,
the Managing Director of Bitget, commented on the launch, stating that the
Bitget Web3 Fund would strive to identify projects that significantly impact the Web3 space’s ongoing evolution.
“We strive
to support financial innovation in Asia and believe that our platform can act
as a reliable, convenient, and secure link between the worlds of DeFi and CeFi.
Our team of analysts has already outlined the criteria for project selection
and will adhere to them strictly,” Chen…
