Bitget, a leading crypto derivatives and copy trading platform, has launched the Bitget Web3 Fund with an initial investment of $100 million. The fund aims to support the development of the next generation of crypto projects by investing in Web3-friendly venture capital and outstanding Web3 projects. The fund will prioritize partners in Asia that have a clear roadmap, an experienced team, and innovative solutions to real-world problems. Bitget has already received inquiries from VCs including Foresight Ventures, Dragonfly Capital, and ABCDE Capital for potential partnerships.

Gracy Chen, the Managing Director of Bitget, commented that the Web3 space is evolving rapidly and the Bitget Web3 Fund will strive to support projects that have a significant impact on the development of Web3. Bitget is committed to supporting financial innovation in Asia and believes its platform can act as a reliable, convenient, and secure link between DeFi and CeFi. The team of analysts at Bitget has already outlined the criteria for project selection and will adhere to them strictly.

Bitget has been actively involved in advancing the adoption of cryptocurrencies. The exchange recently acquired several Web3 applications and became a sleeve sponsor to Juventus and a general sponsor to the Juventus Women’s Team for the 2022-2023 season. In addition, Bitget acquired the BitKeep wallet, which has over 9.5 million users, to enhance the Web3 surfing experience for its users.

Established in 2018, Bitget is the world’s leading cryptocurrency exchange with futures trading and copy trading services. It serves over 8 million users in more than 100 countries and regions. The exchange is dedicated to providing a secure, one-stop trading solution and inspiring individuals to embrace crypto through partnerships with credible partners such as Lionel Messi and Juventus.

For more information, visit the Bitget website.