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- Bitrue Ventures launches a $40M fund for Web3 startups, offering up to $200K per project alongside development expertise and industry connections.
- Fund targets AI, Real World Asset tokenization, GameFi, DePIN, and DeFi projects, with Bitrue aiming to boost its market position through strategic investments.
Bitrue Ventures, the investment and research arm of crypto exchange Bitrue, has launched a $40 million fund aimed at supporting the Web3 ecosystem. This fund will be distributed among various startups and developers involved in Web3, with individual investments potentially reaching up to $200,000 per project.
Bitrue plans to give selected projects autonomy in managing their funds, offering them flexibility without external interference.
Beyond financial support, Bitrue intends to assist these Web3 initiatives in various ways. This includes offering development expertise, industry connections, managerial guidance, and more. We are committed to helping your project thrive, so please let us know your needs, and we will do our utmost to provide the necessary support.
Additionally, while Bitrue Ventures is open to investing in various areas of the crypto industry, it believes that the most promising projects currently focus on Artificial Intelligence (AI), Real World Asset tokenization (RWA), GameFi (gaming + finance), Decentralized Physical Infrastructure Networks (DePIN), and Decentralized Finance (DeFi).
The research arm has also stated that in the future, more research reports will be published, and will be freely distributed to guide teams in their development, as well as provide consumers with a more informed idea about the future of the industry.
“Bitrue Ventures was established in response to an elevated influx of capital into the industry from institutional investors and high net worth individuals, coinciding with a renewed interest towards web3 technologies from the greater public sparked by the ongoing AI revolution,” the announcement reads.
“Investor demand for cryptocurrency projects is increasing rapidly, and there is a market opportunity for a highly trained and specialized investment fund to identify and nurture promising start-ups.”
Bitrue Ventures has already completed a pilot investment round funding Cardano-based projects WingRiders and Liqwid Finance. These projects successfully launched products and gained listings on multiple exchanges. Invested startups can list tokens on Bitrue, accessing its 10 million users and marketing services. Bitrue enhances its market position, aligning with cutting-edge technologies and diversifying trading options.
