During Hong Kong Blockchain Week, Bitget, a leading crypto derivative, announced the launch of its Bitget Web3 Fund with an initial investment of $100 million.
The fund’s objective is to invest in Web3-compatible ventures and exceptional Web3 initiatives to facilitate the growth of the next generation of cryptocurrency projects.
Bitget Exchange’s “Go beyond derivative” plan in 2023 includes the launch of Bitget Web3 Fund to support the Web3 environment and encourage a positive outlook on digital currencies.
The fund aims to collaborate with Asian partners that have a clear roadmap and offer innovative solutions to real-world problems. The fund will explore VC and project opportunities globally.
Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital have expressed interest in potential partnerships.
“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,” says Gracy Chen, the Managing Director of Bitget.
As a part of the ‘Go beyond derivatives’ strategy, the exchange just acquired the BitKeep wallet, a Web3 access gateway with over 9.5 million users, which will further enhance the Web3 browsing experience for Bitget consumers.