Gate.io, a famous player in the cryptocurrency exchange market, has partnered with Everest Ventures Group (EVG), a leader in Web3 operations, to accelerate the adoption of Web3 technologies and expand its market reach. Announced on August 23rd in Panama, this partnership aims to integrate more advanced consumer applications into the Web3 ecosystem, potentially impacting billions worldwide.
This collaboration is set to merge Gate.io’s extensive distribution networks and vibrant community with EVG’s innovative Web3 initiatives. As a result, EVG will leverage Gate.io’s platform to launch its projects, reaching Gate.io’s expansive user base of over 17 million people across the globe. This strategic move is designed to foster a seamless introduction of cutting-edge consumer applications into the market.
Background on the Partners
Gate.io, established in 2013, is recognized as one of the top ten cryptocurrency exchanges globally in terms of trading volume and liquidity. It offers a broad spectrum of trading options and has progressively expanded its ecosystem with features like decentralized finance, investment opportunities, and startup incubation. On the other hand, Everest Ventures Group, established in 2018 and headquartered in Hong Kong, focuses on developing Web3 technologies and has a strong presence in various sectors including gaming, finance, and SocialFi.