MEXC launches $300M Web3 fund, commits to ‘strategic investment’

MEXC aims to invest $60 million annually in Web3 infrastructure, prioritizing strategic partners and AAA-level projects.

Crypto exchange MEXC has announced a $300 million ecosystem development fund aimed at supporting Web3 projects over the next five years.

The initiative, unveiled at Token2049 in Dubai, is designed to support early-stage blockchain technologies, public chains, wallets, and decentralized tools critical to shaping the future of crypto infrastructure, according to a press release shared with Cointelegraph.

Selection criteria for projects looking to participate in the initiative will be announced soon.

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