MEXC launches $300M Web3 fund, commits to ‘strategic investment’
MEXC has launched a $300 million ecosystem development fund to support Web3 projects over the next five years, announced at Token2049 in Dubai. The fund aims to back early-stage blockchain technologies, public chains, wallets, and decentralized tools. MEXC plans to invest $50 to $60 million annually, depending on project availability and strategic focus. The initiative prioritizes projects that can achieve AAA status within three to five years. Investment will follow a selective, invitation-only approach rather than open applications. MEXC emphasizes the importance of stablecoins for crypto market stability and is actively exploring projects in blockchain networks, DeFi infrastructure, and stablecoins. MEXC ranks as the 7th largest cryptocurrency exchange by spot trading volume, processing over $3.2 billion in trades in the past 24 hours.
