MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event

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TheNewsCrypto 1d ago

MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event - TheNewsCrypto

Quick Summary:

MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has unveiled a $300 million Ecosystem Development Fund aimed at accelerating blockchain innovation and ecosystem growth over the next five years.

MEXC has made a strategic investment of $16 million in Ethena and has also purchased $20 million worth of USDe, Ethena’s synthetic dollar.

MEXC had recently invested in Ethena and launched a number of joint campaigns focused on expanding the use of public chains, wallets, and media platforms.