Bitrue Ventures Launches $40M Fund for Web3 Startups

Bitrue Ventures has launched a $40 million investment fund to support web3 startups. Each investment could be up to $200,000, targeting sectors like artificial intelligence (AI), Real World Asset (RWA) tokenization, GameFi, Decentralized Physical Infrastructure Networks (DePIN), and Decentralized Finance (DeFi).

Comprehensive Support

The fund aims to provide financial backing and access to Bitrue’s extensive network of industry connections and expertise. This support helps startups navigate development challenges.

Educational Resources

Bitrue Ventures will also publish research reports available to the public. These reports aim to guide development teams and inform consumers, fostering a knowledgeable market environment.

Selection Criteria

Projects in AI, RWA tokenization, GameFi, DePIN, and DeFi sectors are the primary focus for funding. These areas have significant growth potential and attract considerable interest from institutional investors and the public.

Industry Alignment

Bitrue Ventures’ initiative coincides with a rising influx of institutional capital into the web3 space. The fund enhances Bitrue’s position as a pivotal player in the crypto ecosystem.

Web3 Investment Surge

In Q1 2024, web3 startups raised nearly $1.9 billion, a 58% increase from the previous quarter, according to a Crunchbase report.

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