Bitget to Invest in Indian Blockchain Startups under its $10M Fund
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- Bitget plans to invest in Indian blockchain startups under the $10M BlockchainForYouth Fund.
- Bitget is sponsoring India’s BUIDL for Web3 summit under the B4Y initiative.
- The $10 million investment aims to nurture high-potential crypto projects for innovation in new technologies.
The renowned crypto derivatives and copy trading platform Bitget has made public its intent to channel significant investments into Indian-based blockchain startups. The exchange proclaimed this development in a recent statement, noting that it is part of Bitget’s Blockchain4Youth (B4Y) initiative, which has earmarked $10 million for Web3-focused projects.
According to the notification, the initiative is launching today, November 6, and will run until December 4, 2023, sponsoring BUIDL for Web3, India’s leading multi-chain summit. Notably, this summit, powered by Bitget, is a collaboration between Lumos Labs and BuidlersTribe. The exchange noted that the summit will provide a platform for Indian startups to present their ideas to Bitget and prominent venture capitalists.
Furthermore, Bitget stated that the purpose of its investment is to seek out and nurture high-potential proj…
The post Bitget to Invest in Indian Blockchain Startups under its $10M Fund appeared first on Coin Edition.
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