Renowned cryptocurrency exchange, MEXC through its investment arm, MEXC Ventures has launched a $300 million ecosystem development fund. The exchange confirmed the development in a blog post on Thursday, revealing that the funds would be used to accelerate blockchain innovation and ecosystem growth over the next five years.
MEXC exchange COO first announced the fund while giving an address at the Token2049 event held in Dubai. The COO, Tracy Jin also reaffirmed the firm full transition from a trading platform to a full-scale Web3 ecosystem builder.
It is worth noting that the $300 million ecosystem fund also marks a significant shift in the exchange’s position from a user-focused exchange to a foundational force in blockchain infrastructure. With this fund, MEXC also plans to promote long-term value across the entire crypto landscape by supporting early-stage technologies, public chains, wallets, and other decentralized tools that drive the future of Web3.
Jim added that this commitment also elevates MEXC’s standing in the industry, enhancing its status as a leading exchange service. The exec emphasized that the fund will also help to drive businesses and users to the ecosystem by offering value built on best practices.
The COO added that the ultimate vision of MEXC exchange is to transition from a trading venue to an ecosystem platform. Jin added that this platform will in turn cater to all the needs of crypto industry participants in unique, innovative and attractive ways.
MEXC to establish investment and cooperation linkage model
Similarly, an investment and cooperation linkage model would also be established from the ecosystem development fund. As revealed, this initiative aims to connect different businesses with the broader MEXC ecosystem to drive value. Furthermore, MEXC intends to use its position as a leading enterprise to expand and enhance the overall trading experience for users by offering support beyond capital.
Similarly, the new development would also allow projects to attract investments and attain visibility, further advancing their integration across industry services. This in turn gives users access to new services, upgrading their all-around experience and building trust.
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