04-11-2023, 05:48 AM
Bitget Reveals $100M Web3 Fund to Propel Crypto Ecosystem Growth
<p class="MsoNormal">During the
Hong Kong <a href="https://www.financemagnates.com/terms/b/blockchain/" class="terms__main-term" id="be18ed01-45fc-4044-b447-06802a10dbcd">Blockchain</a> 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.</p><p>Bitget Launches Web3 Fund</p><p class="MsoNormal">The <a href="https://www.financemagnates.com/tag/bitget/" target="_blank" rel="follow">Bitget
Web3 Fund</a> 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. </p><p class="MsoNormal">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. </p><p class="MsoNormal">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.</p><p class="MsoNormal">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. </p><p class="MsoNormal">“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 added.</p><p class="MsoNormal">Bitget’s Managing
Director also emphasized the importance of accountability when dealing with
innovative projects requiring investments.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitget?src=hash&ref_src=twsrc%5Etfw">#Bitget</a> Launches $100M <a href="https://twitter.com/hashtag/Web3?src=hash&ref_src=twsrc%5Etfw">#Web3</a> Fund to Support Next-Generation <a href="https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw">#Crypto</a> Projects in Asia</p>— Bitget (@bitgetglobal) <a href="https://twitter.com/bitgetglobal/status/1645307781711540226?ref_src=twsrc%5Etfw">April 10, 2023</a></blockquote><p>Bitget Focuses on Expanding
Cryptocurrency Adoption</p><p class="MsoNormal">In recent
months, Bitget has supported numerous initiatives to foster crypto
adoption. As part of its 'Go Beyond Derivatives' strategy, the
company has acquired several Web3 applications, pledged support as a sleeve
sponsor to Juventus, and acted as a general sponsor for <a href="https://www.financemagnates.com/cryptocurrency/crypto-exchange-bitget-inks-sponsorship-deal-with-juventus-womens-team/" target="_blank" rel="follow">the Juventus Women's
Team</a> during the 2022-2023 season.</p><p class="MsoNormal">Recently, Bitget
acquired the BitKeep wallet, a Web3 access gateway with almost ten million
users, to further improve the Web3 browsing experience for its users. In December, the company <a href="https://www.financemagnates.com/cryptocurrency/bitget-launches-megswap-connects-defi-experience-with-cefi/" target="_blank" rel="follow">presented a new DeFi feature called MegaSwap</a>, allowing investors to swap or trade digital assets for more than 10,000 crypto assets in the decentralized finance space.</p><p class="MsoNormal">However, Bitget's recent activities have not been without controversy. Japan's Financial Services Agency (FSA) <a href="https://www.financemagnates.com/cryptocurrency/messi-endorsed-crypto-exchange-bitget-has-been-flagged-by-japan/" target="_blank" rel="follow">issued a warning</a> concerning four international cryptocurrency exchanges allegedly conducting business in the country without proper local registration. The exchanges in question include Bybit, BitForex, MEXC Global, and Bitget.</p>
This article was written by Damian Chmiel at www.financemagnates.com.
https://www.financemagnates.com//cryptoc...em-growth/
<p class="MsoNormal">During the
Hong Kong <a href="https://www.financemagnates.com/terms/b/blockchain/" class="terms__main-term" id="be18ed01-45fc-4044-b447-06802a10dbcd">Blockchain</a> 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.</p><p>Bitget Launches Web3 Fund</p><p class="MsoNormal">The <a href="https://www.financemagnates.com/tag/bitget/" target="_blank" rel="follow">Bitget
Web3 Fund</a> 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. </p><p class="MsoNormal">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. </p><p class="MsoNormal">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.</p><p class="MsoNormal">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. </p><p class="MsoNormal">“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 added.</p><p class="MsoNormal">Bitget’s Managing
Director also emphasized the importance of accountability when dealing with
innovative projects requiring investments.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitget?src=hash&ref_src=twsrc%5Etfw">#Bitget</a> Launches $100M <a href="https://twitter.com/hashtag/Web3?src=hash&ref_src=twsrc%5Etfw">#Web3</a> Fund to Support Next-Generation <a href="https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw">#Crypto</a> Projects in Asia</p>— Bitget (@bitgetglobal) <a href="https://twitter.com/bitgetglobal/status/1645307781711540226?ref_src=twsrc%5Etfw">April 10, 2023</a></blockquote><p>Bitget Focuses on Expanding
Cryptocurrency Adoption</p><p class="MsoNormal">In recent
months, Bitget has supported numerous initiatives to foster crypto
adoption. As part of its 'Go Beyond Derivatives' strategy, the
company has acquired several Web3 applications, pledged support as a sleeve
sponsor to Juventus, and acted as a general sponsor for <a href="https://www.financemagnates.com/cryptocurrency/crypto-exchange-bitget-inks-sponsorship-deal-with-juventus-womens-team/" target="_blank" rel="follow">the Juventus Women's
Team</a> during the 2022-2023 season.</p><p class="MsoNormal">Recently, Bitget
acquired the BitKeep wallet, a Web3 access gateway with almost ten million
users, to further improve the Web3 browsing experience for its users. In December, the company <a href="https://www.financemagnates.com/cryptocurrency/bitget-launches-megswap-connects-defi-experience-with-cefi/" target="_blank" rel="follow">presented a new DeFi feature called MegaSwap</a>, allowing investors to swap or trade digital assets for more than 10,000 crypto assets in the decentralized finance space.</p><p class="MsoNormal">However, Bitget's recent activities have not been without controversy. Japan's Financial Services Agency (FSA) <a href="https://www.financemagnates.com/cryptocurrency/messi-endorsed-crypto-exchange-bitget-has-been-flagged-by-japan/" target="_blank" rel="follow">issued a warning</a> concerning four international cryptocurrency exchanges allegedly conducting business in the country without proper local registration. The exchanges in question include Bybit, BitForex, MEXC Global, and Bitget.</p>
This article was written by Damian Chmiel at www.financemagnates.com.
https://www.financemagnates.com//cryptoc...em-growth/