Bitget Unveils Onchain Layer and $10M Fund to Boost Web3 Revolution
May 16, 2024Bitget Wallet is launching its Bitget Onchain Layer to innovate the Web3 user experience.
The Onchain Layer will incorporate native DApps, marking Bitget Wallet as a central on-chain platform.
A $10 million BWB Ecosystem Fund has been established to develop the Onchain Layer and support related projects.
The BWB token will play a pivotal role in the ecosystem, providing benefits to holders such as event access and airdrops.
Bitget Wallet's user base has reached 20 million globally, attributed to its user-centric approach and Web3 engagement.
Modular Feature-DApps (MFDs) within the Onchain Layer will aim to simplify user interactions, improve liquidity, and increase security.
The company is focusing on Web3 trading services development, including a Pre-Market and on-chain derivatives.
Bitget Wallet has surpassed MetaMask in Swap data, with record trading and order volumes.
The BWB token distribution includes 47% for the community treasury and 10% for investors.
Bitget Wallet plans to further enhance its platform with high-frequency and essential features for the Web3 ecosystem.
Summary based on 3 sources
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Sources
Cointelegraph • May 15, 2024
Bitget Wallet launches $10M ecosystem fund alongside Onchain LayerBeInCrypto • May 15, 2024
Bitget Wallet Unveils Roadmap for Onchain Layer and $10 Million Web3 FundCoinJournal • May 15, 2024
Bitget Wallet Unveils Bitget Onchain Layer, Rolls Out $10M BWB Ecosystem Fund - CoinJournal