Crypto News– On November 7th, 2023, Bitget, a prominent platform specializing in cryptocurrency derivatives and copy trading, took the market by surprise with an exciting announcement. The platform revealed its strategic investment plan for India’s rapidly expanding blockchain startup landscape. This initiative, aptly named the “Blockchain for Youth (B4Y) project,” is set to deploy a substantial $10 million fund dedicated to accelerating innovation and supporting emerging entrepreneurs within the field of blockchain technology.
Bitget Unveils Strategic Investment Initiatives in Indian Startup Ventures
The Bitget B4Y initiative was introduced with the specific goal of shining a spotlight on India’s flourishing blockchain ecosystem. It aims to provide startups with a comprehensive suite of essential resources, cutting-edge tools, critical funding, and expert mentorship.
The program, which spans over the course of a month, was launched with the inclusion of over 100 promising startups. Among this select group, only the top ten startups will have the exclusive opportunity to present their pitches to Bitget. The presence of influential venture capitalists such as Sequoia Capital, Lightspeed Ventures, and Draper Labs is expected to grace this occasion.
The program officially commenced on November 6th and is slated to conclude on December 4th, 2023, coinciding with the esteemed “BUIDL for Web3” event. BUIDL for Web3 stands as India’s premier multi-chain summit, thoughtfully curated by Lumos Labs and BuildersTribe and powered by Bitget. This event is driven by a clear mission – to gather a distinguished assembly of developers and visionary entrepreneurs, all poised to confront the myriad challenges and opportunities presented by the Web3 era.
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