- Bitget Helps the Ecosystem with Token Placement and Sale
- The exchange will also provide advice on marketing and other important areas.
Cryptocurrency exchange Bitget has invested $10 million in the artificial intelligence blockchain platform Fetch.ai. This comes at a time when the exchange launched a $100 million investment fund to fund Web3 startups.
Bitget will provide marketing and other critical advice to Fetch.ai to ensure that the Fetch.ai ecosystem is properly positioned. The company seeks to attract the attention of the community and potential business partners. The exchange will also help a startup with the placement or sale of tokens on the Bitget Launchpad platform.
Bitget Managing Director Gracie Chen stated:
“We realize the value of a product when we experience it in practice. Fetch.ai already has a plethora of AI-based technology solutions that can have a real impact on how companies and individuals interact with each other. This is the main reason why we decided to support the project. Blockchain progress is inevitable, but it can be accelerated if it is supported, which is what we are going to do.”
In turn, Humayun Sheikh, founder and CEO of Fetch.ai also spoke about the partnership:
“We are proud to partner with one of the leading cryptocurrency derivatives exchanges in the world and grateful for the generous support in this endeavor. Like us at Fetch.ai, Bitget understands the enormous potential of blockchain technology. Together with the leap that AI has made over the past few years, the possibilities for applying blockchain to AI are unlimited.”
Fetch.ai has previously raised $40 million in funding from market maker DWF Labs.