This revolutionary Web3 fund aims to empower innovative startups and facilitate the decentralized web’s growth while establishing a strong ecosystem for blockchain technology in the region.
Supporting Blockchain Innovation in Asia
One of the primary objectives of the fund is to encourage the growth of blockchain innovation in Asia. With this substantial investment, Bitget aims to provide promising startups with financial support, mentorship, and resources. This will help to drive the development of groundbreaking Web3 technologies and foster a culture of entrepreneurship in the blockchain space.
Commenting on the fund’s launch: “We can see that Web3 space is evolving rapidly and many projects deserve the support to further advance such development and make Web3 a truly global phenomenon, as Web2 had once become,” said Gracy Chen, the Managing Director of Bitget. “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.”
Establishing Strategic Partnerships
The Web3 fund will also serve as a catalyst for establishing strategic partnerships between Bitget and the companies it invests in. These collaborations will enable both parties to leverage each other’s strengths, accelerating the adoption of decentralized technologies and creating new business opportunities.