Bitget shortlists Indian Web3 projects under its $10 million Blockchain 4Youth fund
Blockchain4Youth, was launched in May 2023 to fund innovative Web3 projects over the period of five years.
The startups had presented their project at the Bitget's first shortlisting round on November 26 in Bangalore, India. The top 10 selected startups will pitch at the BUIDL for Web3 Summit's pitching session SPOTLIGHT on December 4. The startups that are pitching include Nexus Network, Blockflow, Lync, Sadaiv, 0xRivendall, StationX.network, Plena Finance, Reax, and Wallet X.
“From the selected startups, the high potential startups stand a chance to get funding up to $100,000 subject to due diligence under the Bitget's Blockchain4Youth $10 Million initiative,” the company said in a statement.
According to a survey conducted by Bitget Academy, 46% of millennials own cryptocurrencies, and GenZ and Millenials have the highest rate of crypto adoption among all population groups. Bitget wants to tap into this population through the Blockchain4Youth initiative.
Did you Know?
As a beginner to cryptocurrency investing, you should consider two critical things. First, you should determine and understand your risk tolerance, as cryptocurrencies can be volatile. Only invest what you can afford to lose. Secondly, don’t put all your funds in one cryptocurrency; diversify to mitigate risks. Deciding where to invest your hard-earned money can be difficult.
View Details»“Our goal is to augment web3 and crypto adoption throughout Asia. The new generation of innovators and founders will come from the Millennials and GenZs, hence, our Blockchain4Youth initiative ensures holistic development needed to accelerate this adoption and support new-gen developers,” Simran Alphonso, PR and Communications Lead, Bitget said in a statement.
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