Bitget’s ‘Go beyond derivative’ strategy in 2023 prioritizes the development of the Web3 environment and encourages a positive attitude towards the digital currencies economy.
Bitget, a prominent cryptocurrency derivatives and copy trading platform, announced the launch of its Bitget Web3 Fund during the Hong Kong Blockchain Week. The fund, with an initial investment of $100 million, aims to support the development of the next generation of crypto projects by investing in Web3-friendly venture capital and exceptional Web3 projects.
Bitget’s ‘Go beyond derivative’ strategy in 2023 prioritizes the development of the Web3 environment and encourages a positive attitude towards the digital currencies economy. The Bitget Web3 Fund will focus on VCs and projects globally but will give priority to partners in Asia with a clear roadmap, experienced team, and innovative solutions to real-world problems. Several VCs, including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital, have shown interest in partnering with the Bitget Web3 Fund.
“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. That is why the Bitget Web3 Fund will strive to seek out projects that have the most impact on this process. We are taking a fully conscious and responsible approach in this regard and know how important accountability is when dealing with any innovative project requiring investments. 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,” as Gracy Chen, the Managing Director of Bitget, commented on the launch of the new fund.
Bitget has supported numerous initiatives to promote the adoption of cryptocurrencies. The exchange has acquired several Web3 applications, pledged support as a sleeve sponsor to Juventus, and as a general sponsor to the Juventus Women’s Team for the 2022-2023 season. The exchange also acquired the BitKeep wallet, a Web3 access gateway with over 9.5 million users, to enhance the Web3 surfing experience for Bitget users. Bitget is also organizing events and challenges to support individual initiatives and community spirit.
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