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MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event
At the recent Token2049 event in Dubai, MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, has unveiled a substantial $300 million Ecosystem Development Fund aimed at accelerating blockchain innovation and fostering ecosystem growth over the next five years. This significant announcement aligns with MEXC’s 7th anniversary and reinforces the company’s transition from a trading platform to a full-scale Web3 ecosystem builder.
MEXC’s new fund marks a strategic shift in its positioning, as it evolves beyond its perceived status as a mere trading venue to become an essential element of the industry ecosystem. This bold move is expected to create greater value for users and enhance the attractiveness of the crypto environment for both businesses and investments.
The Fund aims to support early-stage technologies, public chains, wallets, and other decentralized tools that propel the future of Web3 forward. By doing so, MEXC Ventures intends to empower innovation in the cryptocurrency sector through strategic investments in L1/L2 ecosystems, mergers and acquisitions, incubation, and more.
Source: https://cryptocurrencynews.com/crypto/mexc-ventures-announces-300-million-ecosystem-development-fund-at-token2049-event/
