Bitget invests $10 million in Indian blockchain startup

Well-known cryptocurrency documentary and derivatives trading platform Bitjet has publicly announced its intention to invest heavily in Indian blockchain startups.

The exchange announced the development in a recent statement, noting that it is part of Bitget’s Blockchain4Youth (B4Y) initiative, which has earmarked $10 million to focus on Network 3.

According to the announcement, the program will begin today, November 6, and run until December 4, 2023, to provide funding for BUIDL Network 3India’s leading multi-chain summit.

It is worth noting that this summit is supported by Bitget, a partnership between Lumos Labs and BuildlersTribe. The exchange noted that the summit will provide a platform for Indian startups to pitch their ideas to Bitget and prominent venture capitalists.

In addition, the exchange claims that its investment goal is to find and cultivate high-potential projects in the cryptocurrency field, providing them with financial support to promote innovation. technology new. Therefore, Bitget announced that they will allocate $10 million in investment over the next 5 years under the Blockchain4Youth project.

Bitget CEO Gracy Chen has praised the growing blockchain and cryptocurrency industry in India. Chen emphasized that India has become a top investment destination in Asia thanks to its talent and entrepreneurial spirit.

The Bitget CEO emphasized that the Bitget team looks forward to cultivating the next leaders in the cryptocurrency space through the Blockchain4Youth program.

Notably, BUIDL for Web3 aims to engage thousands of developers and founders to demonstrate their resilience and creativity.

The month-long program will begin with the screening of over 100 startups. Then, 10 people will be selected to pitch their projects to Bitget and prominent venture capitalists such as Sequoia Capital, Lightspeed Ventures, and Draper Labs.

Notably, Bitget has created a dedicated portal to accept applications from interested startups.

information Bitcoin Synthetic.