Bitrue Ventures Launches $40M Fund for ‘Nascent Web3 Corporations’

July 18: Bitrue Ventures, the analysis and funding part of crypto trade Bitrue, has launched a $40 million funding fund and “is placing out the decision to aspiring builders,” based on the workforce. A weblog submit reads: “Particular person recipients of funding can obtain as much as $200,000 of funding funds that may be allotted nonetheless they really feel is most acceptable. As well as, Bitrue will make obtainable their varied avenues of experience to offer additional assist to those tasks. Whereas Bitrue Ventures will take into account investing into any area of interest throughout the crypto area, we consider that probably the most profitable tasks proper now are prone to be constructing within the sectors of Synthetic Intelligence (AI), Actual World Asset tokenization (RWA), GameFi, Decentralized Bodily Infrastructure Networks (DePIN), and Decentralized Finance (DeFi). As such, tasks constructing inside these industries will stand a greater probability of receiving funding.”