Bitget, a crypto
derivative and copy trading provider, is joining forces with Fetch.ai, an
artificial intelligence (AI) blockchain platform. Bitget has committed $10
million to support the growth of the Fetch.ai ecosystem.
The news
comes moments after the exchange announced that it would allocate a total of
$300 million to run two funds to support the development of digital assets.
AI
technology has been gaining momentum, with platforms such as ChatGPT showcasing
its potential to augment creativity. This trend is mirrored in the crypto
landscape where a rising number of projects are merging AI and crypto technologies.
Spotting the possibilities in the crypto and AI fusion, Bitget has opted to
collaborate with Fetch.ai, a frontrunner in the AI and blockchain arena.
Bitget
plans to offer Fetch.ai a range of services, including marketing consultations
and strategic directions. The goal is to help Fetch.ai attract community
involvement and potential business partnerships. Further, Bitget will aid in
the listing of Fetch.ai ecosystem tokens or token sales on the Bitget Launchpad
platform.
“We
know value when we see it,” Gracy Chen, the Managing Director of Bitget,
commented on the partnership announcement. “Fetch.ai already consists of a
host of functioning and applicable technological AI solutions that can have a
real impact on the way businesses and individuals interact.”
Humayun
Sheikh, the Founder and CEO of Fetch.ai, welcomes the partnership with Bitget,
acknowledging the mutual understanding of blockchain’s potential between the
two entities. He notes that the rapid advancements in AI provide a fertile
ground for its application within blockchain technology.
Fetch.ai’s
structure enables it to function as an off-chain layer for other layer-1
networks and to act as an interchain bridge across multiple blockchain
networks.
Humayun
Sheikh, Fetch.ai Founder and CEO, welcomes the partnership with Bitget,
acknowledging the mutual understanding of blockchain’s potential between the
two entities. He notes that the rapid advancements in AI provide fertile
ground for its application within blockchain technology.
Bitget Dedicates $300
Million to DApps and Web3 Funds
Three weeks
ago, Bitget introduced its Bitget Web3 Fund, starting with a significant seed
capital of $100 million. This fund is designed to fuel the growth of emerging
crypto projects by backing Web3-focused venture capital enterprises and Web3
initiatives.
Shortly
following this, Bitget declared a strategic alliance with Core DAO, a body
committed to expanding the Satoshi Plus ecosystem. This joint venture will lead
to the creation of a $200 million ecosystem fund to aid the progress and
proliferation of decentralized applications (DApps).
Chen noted,
“This investment is another show of proof of our commitment to supporting
blockchain space from various angles.”
In its
latest strategic step, Bitget has successfully achieved registration in
Lithuania, thereby enabling the firm to offer crypto-centric services in
alignment with the region’s regulations. In an earlier announcement in
November, Bitget confirmed the establishment of a new branch in Seychelles, which was a
move aimed at bolstering its international expansion. Additionally, the digital
assets exchange plans to augment its current staff base by 50%, aiming to reach
1,200 employees within the year.
Bitget, a crypto
derivative and copy trading provider, is joining forces with Fetch.ai, an
artificial intelligence (AI) blockchain platform. Bitget has committed $10
million to support the growth of the Fetch.ai ecosystem.
The news
comes moments after the exchange announced that it would allocate a total of
$300 million to run two funds to support the development of digital assets.
AI
technology has been gaining momentum, with platforms such as ChatGPT showcasing
its potential to augment creativity. This trend is mirrored in the crypto
landscape where a rising number of projects are merging AI and crypto technologies.
Spotting the possibilities in the crypto and AI fusion, Bitget has opted to
collaborate with Fetch.ai, a frontrunner in the AI and blockchain arena.
Bitget
plans to offer Fetch.ai a range of services, including marketing consultations
and strategic directions. The goal is to help Fetch.ai attract community
involvement and potential business partnerships. Further, Bitget will aid in
the listing of Fetch.ai ecosystem tokens or token sales on the Bitget Launchpad
platform.
“We
know value when we see it,” Gracy Chen, the Managing Director of Bitget,
commented on the partnership announcement. “Fetch.ai already consists of a
host of functioning and applicable technological AI solutions that can have a
real impact on the way businesses and individuals interact.”
Humayun
Sheikh, the Founder and CEO of Fetch.ai, welcomes the partnership with Bitget,
acknowledging the mutual understanding of blockchain’s potential between the
two entities. He notes that the rapid advancements in AI provide a fertile
ground for its application within blockchain technology.
Fetch.ai’s
structure enables it to function as an off-chain layer for other layer-1
networks and to act as an interchain bridge across multiple blockchain
networks.
Humayun
Sheikh, Fetch.ai Founder and CEO, welcomes the partnership with Bitget,
acknowledging the mutual understanding of blockchain’s potential between the
two entities. He notes that the rapid advancements in AI provide fertile
ground for its application within blockchain technology.
Bitget Dedicates $300
Million to DApps and Web3 Funds
Three weeks
ago, Bitget introduced its Bitget Web3 Fund, starting with a significant seed
capital of $100 million. This fund is designed to fuel the growth of emerging
crypto projects by backing Web3-focused venture capital enterprises and Web3
initiatives.
Shortly
following this, Bitget declared a strategic alliance with Core DAO, a body
committed to expanding the Satoshi Plus ecosystem. This joint venture will lead
to the creation of a $200 million ecosystem fund to aid the progress and
proliferation of decentralized applications (DApps).
Chen noted,
“This investment is another show of proof of our commitment to supporting
blockchain space from various angles.”
In its
latest strategic step, Bitget has successfully achieved registration in
Lithuania, thereby enabling the firm to offer crypto-centric services in
alignment with the region’s regulations. In an earlier announcement in
November, Bitget confirmed the establishment of a new branch in Seychelles, which was a
move aimed at bolstering its international expansion. Additionally, the digital
assets exchange plans to augment its current staff base by 50%, aiming to reach
1,200 employees within the year.