Bitcoin.com has completed a $50 million private placement of VERSE tokens, accounting for 16% of the total supply. Buyers include Digital Strategies, Blockchain.com, KuCoin Ventures, Redwood City Ventures, Boostx Ventures, and Poly Network, among others. In addition, at 8:30 Beijing time today, VERSE has started trading on the decentralized exchange Verse DEX, and Bitcoin.com has also launched the Verse Development Fund, which will begin accepting developers and other ecosystem participants in the first quarter of 2023 The grant application, in which 34% of the VERSE token supply is allocated to the Verse Development Fund, tokens will be released linearly over 7 years to the fund. Foresight News previously reported that Bitcoin.com completed a $33.6 million private placement of VERSE tokens in May this year, and Digital Strategies, KuCoin Ventures, Blockchain.com, etc. purchased 10% of the supply of VERSE tokens.