MEXC launches $300M Web3 fund, commits to ‘strategic investment’

Crypto exchange MEXC has announced a $300 million ecosystem development fund aimed at supporting Web3 projects over the next five years. The initiative, unveiled at Token2049 in Dubai, is designed to support early-stage blockchain technologies, public chains, wallets, and decentralized tools critical to shaping the future of crypto infrastructure, according to a press release shared with Cointelegraph. Selection criteria for projects looking to participate in the initiative will be announced soon. “We are committed to strategic investment, focusing not just on exciting ideas and talented developers, but on initiatives with clear long-term potential,” MEXC chief operating officer Tracy Jin said source: https://cointelegraph.com/news/mexc-300m-web3-fund-strategic-investment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound