A $100 million Web3 Fund for crypto projects has been launched by Bitget.

[Coinpedia Fintech News]

Bitget, the Seychelles-based crypto exchange, has announced a new $100 million fund targeting Web3 startups in Asia, as the region builds out a framework for developing Web3.

This move reflects Bitget's ongoing efforts to drive the adoption of crypto and Web3.

The exchange is debt-free and has adequate cash flow, thanks to its fast-growing business. The launch of the Bitget Web3 Fund follows the exchange's $30 million investment in BitKeep, a decentralized multi-chain wallet.