TL;DR
- Bitrue Ventures has opened a $40 million investment fund to support startups in the Web3 space.
- Selected projects can receive up to $200,000 and will have access to additional support such as connections and development expertise.
- The platform focuses on sectors such as Artificial Intelligence, tokenization of real-world assets, GameFi, decentralized physical networks and decentralized finance.
Bitrue Ventures, the new research and investment division of cryptocurrency exchange Bitrue, has launched a $40 million investment fund aimed at boosting the development of startups in the Web3 ecosystem.
This fund is designed to support emerging projects in the field of cryptocurrencies and blockchain technology, providing not only capital, but also extensive additional support to ensure the success of the selected initiatives.
Projects that benefit from the fund may receive up to $200,000 in investments.
This amount can be used flexibly, depending on the specific needs of each project.
In addition to funding, Bitrue Ventures offers teams access to its development expertise, industry connections, and management support.
This comprehensive approach is aimed at ensuring that projects not only receive the necessary capital, but also the resources and knowledge crucial to advance their developments.
While Bitrue Ventures is open to considering projects from any niche within the crypto space, it has been highlighted that the most promising sectors currently include Artificial Intelligence (AI), Real World Asset (RWA) tokenization, GameFi, Decentralized Physical Infrastructure Networks (DePIN), and Decentralized Finance (DeFi).
The company believes that projects in these fields have a higher chance of success and therefore encourages you to submit your proposals.
The choice of these sectors is based on a recent research report, “AI and Crypto Convergence,” which highlights the convergence of AI and crypto as a key area for future growth.
Bitrue Ventures also plans to publish additional research reports to guide developers and provide consumers with a more comprehensive view on the future of the sector.
This initiative is part of a response to a surge in interest and institutional capital in the Web3 space, driven in part by the revolution around Artificial Intelligence.
Demand for innovative cryptocurrency projects is growing rapidly, creating an opportunity for a specialized fund that can identify and nurture the most promising startups.
Comprehensive Support and Opportunities in Bitrue
Bitrue Ventures not only offers funding through its fund, but also provides a platform for projects to get noticed.
Projects that receive investment will be able to list their tokens on the exchange, giving them exposure to a user base of 10 million and access to integrated marketing services.
This additional support helps position Bitrue as a leader in the crypto space, align its reputation with cutting-edge projects, and ensure a diversity of listings for its traders.
Recent investment in projects such as WingRiders and Liqwid Finance demonstrates Bitrue Ventures commitment to the success of its partners, having helped these projects successfully launch and obtain listings on multiple exchanges.
With this new initiative, Bitrue Ventures seeks to strengthen the Web3 ecosystem and foster innovation in the cryptocurrency space.
