$200 Million Ecosystem Fund Launched by Bitget and Core DAO to Boost Crypto Innovation

Bitget, a renowned crypto derivatives trading platform, has partnered with Core DAO, a blockchain development organization, to promote the creation of decentralized applications (dApps) on the Core network’s Layer-1 blockchain.

This partnership will provide a $200 million ecosystem fund that will support early-stage projects on the Core network.

The ecosystem fund will be supported by other strategic partners such as the global crypto exchange MEXC. This fund will offer grants to developers who hit pre-defined milestones.

Bitget’s collaboration with Core DAO will include the listing of Core projects and the opening of a new Core Trading Zone on its derivatives platform and integrated BitKeep wallet.

The platform will also support CORE staking and become a validator on Core. This move is expected to be a big boost for Core DAO, whose mainnet launch took place recently, and roughly 2 million users received a CORE token airdrop benefit.

Additionally, Core DAO has an upcoming growth trajectory, including essential integrations with LayerZero, a cross-chain messaging protocol, and a partnership with Switchboard, a permissionless Oracle protocol.

Bitget’s strategic partnership with Core DAO aims to foster innovation in the blockchain ecosystem and accelerate the development of decentralized applications.

The partnership brings together the expertise of two prominent players in the crypto space and provides a significant opportunity for Core DAO and its network to grow and mature. The $200 million ecosystem fund is expected to support promising projects and contribute to the long-term success of the Core network.