The Ecosystem Fund aims to support decentralized applications (DApps) built on Core Network Layer-1 blockchain, while also deploying capital through incubation, investment, grants, hackathons, and educational programs.
M-Ventures, the venture capital and incubation arm of MEXC, Core DAO and Bitget announced the launch of a $200 milllion ecosystem fund to support the development of decentalized applications on the Core Network Layer-1 blockchain. MEXC has also become one of the validators on the Core blockchain and has enabled native Core staking through their exchange for MEXC users. With more than 10 million users, MEXC aims to provide significant staking needs to the Core DAO ecosystem and supply it with the best liquidity.
Inspired by philosophy and innovation, Core’s massive and enthusiastic community includes over 1.75 million followers on Twitter and over 239,000 members on Discord. Following the successful launch of the Core’s mainnet launch, the first CORE token airdrop was received by over 1.5 million participants, making it one of the largest smart contract interactions of all time.
The fund launch is going to carry unparalleled ecosystem development, and recent integrations with the cross-chain messaging protocol, LayerZero, and permissionless Oracle protocol Switchboard, have strengthened our commitment to innovation and collaboration. The Ecosystem Fund, supported by partners including Bitget and MEXC, will assist early-stage projects in various areas such as research and development, recruitment, marketing, community-building programs, and other priority growth initiatives.
“We are pleased to announce our partnership with Core as we embark on a joint mission to enhance the ecological fund’s support. Our collaboration will lead Core towards achieving greater heights and advancing the true principles of decentralization. This initiative aligns with MEXC’s philosophy of “discovering opportunities and growing together”. We are confident that this partnership will yield positive results and drive sustainable growth for both parties.” said Andrew Weiner.
These efforts are part of the many ways MEXC is delivering on its priorities to promote diversity, equity, and inclusion in the blockchain industry, as well as ongoing efforts to provide high-quality services with the best liquidity and lowest fees for users.
About MEXC
Established in 2018, MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. With serving over 10 million users in more than 170 countries and regions, MEXC’s operating philosophy centers on prioritizing its users, embodied by its slogan, “Users first, MEXC’s Changing for you”. Currently, the platform has the best liquidity and lowest trading fees and is one of the go-to choices for traders around the globe.
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About Core
Core is a new independent blockchain powered by Satoshi Plus, an innovative consensus mechanism that directly leverages Bitcoin mining hash rate and the Ethereum Virtual Machine (EVM) to power an optimally decentralized, secure, and scalable web3. Core DAO’s genesis and inspiration come from the best aspects of Bitcoin and Ethereum.
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