Bitget announces the launch of a $100 million fund. BGB token jumps by 14%
Bitget Web3 Fund will look for venture capitalists and projects around the world but prioritize partners from Asia
10.04.2023 - 12:50
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What’s new? On April 10, the Bitget Token (BGB) of the Bitget exchange rose by 14,22% to $0,473208. This came after the exchange announced the launch of a $100 million crypto project support fund. Bitget Web3 Fund will look for venture capitalists and projects around the world, but will prioritize partners from Asia that have a clear roadmap and experienced team, and “offer innovative solutions to real-world problems.” As of 12:30 UTC, BGB has corrected to $0,455092.
What else is known about the initiative? Bitget has now received requests for potential partnerships from venture capital funds Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital.
Chinese state company to launch two crypto funds in Hong Kong
Both funds will target institutional and private wealthy investors
As part of its new strategy to “Go beyond derivative,” the exchange has bought several Web 3.0 applications in recent months and has also announced its support as a sponsor of Italian FC Juventus and general sponsor of its women’s team for the 2022-2023 season.
Bitget also bought the BitKeep wallet, which is a gateway to the Web 3.0 space with more than 9,5 million users.
What is known about Bitget? The crypto exchange was founded in 2018 and is registered in Seychelles. The number of users exceeds 8 million in more than 100 countries and regions. In October 2022, Bitget announced a partnership with Lionel Messi for joint projects in Web 3.0, cryptocurrencies, and sports. As of April 10, the trading volume is $441,8 million.
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