Bitrue announced the launch of a new investment department, utilizing its six years of experience as a cryptocurrency exchange to help startups achieve product maturity, including capital investment, incubation advice, product development expertise, marketing support, and industry connections. The new investment fund is called Bitrue Ventures and plans to invest $50,000 to $200,000 per project based on project needs, with no limit on the number of investable projects. Successfully launched projects will also be able to list their tokens on the Bitrue exchange and utilize its integrated marketing services. The venture capital fund plans to seek out investment potential projects in all Web3 sub-industries, with initial focus on AI and RWA projects. One round of pilot investment has already been completed, with funds allocated to Cardano-based projects WingRiders and Liqwid Finance.
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Decentralized AI project GaiaNet has completed a $10 million seed round of financing, with participation from EVM Capital, Mirana Ventures, Mantle EcoFund, Generative Ventures' Lex Sokolin, and Republic Capital's Brian Johnson. According to a statement released on Tuesday, the newly raised funds will support GaiaNet in developing educational tools for STEM students and in using distributed ledger technology to decentralize the AI network.
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