.bitgetglobal has started a $100 million Web3 fund, which is focused on Asia. thesamreynolds reports.
Where is Web3 headed? Take a look to the future with this pioneering investor in the metaverse and NFTs.Seychelles-based crypto exchange Bitget has started a new $100 million fund targeting Web3 startups as Asian countries build out a framework for developing Web3.
East Asian countries have been making strides to promote crypto in the last few months, with Hong Kong seemingly easing its crypto regulations and Japan"Despite the bear run, Bitget has always been supporting promising and innovative projects and the development of the Web3 environment with a focus on BUIDL.
A spokesperson for Bitget said that the fund is self-funded. “Bitget is debt-free with adequate cash flow, thanks to its steady development and fast-growing business,” her said.Read more:
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