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Core DAO Partners With Bitget and MEXC to Launch $200M Ecosystem Fund

Core DAO has established a $200 million Ecosystem Fund in collaboration with Bitget and MEXC to finance early-stage decentralized applications and protocols on the Core layer-1 blockchain. The Ecosystem Fund will provide financial support for various growth initiatives such as research and development, recruitment, marketing, and community-building programs. Unlike other grant-based systems, the Ecosystem Fund will incentivize each project to achieve pre-agreed benchmarks that provide tangible value to the Core community. Bitget plans to become one of the validators of the Core network and support Core staking on the exchange. Additionally, Bitget has launched a $100 million Web3 fund for crypto projects in Asia. The other strategic partner of the Ecosystem Fund of Core DAO is MEXC, a cryptocurrency trading platform offering various digital assets and trading features.

(By JUDITH BANNERMANQUIST)

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