MEXC Launches $300 Million Fund for Web3 Development

Global cryptocurrency exchange MEXC has launched a $300 million Ecosystem Development Fund to accelerate blockchain innovation and Web3 ecosystem growth over the next five years. Announced at the Token2049 event in Dubai, the fund signifies MEXC's strategic shift from a traditional trading platform to a comprehensive Web3 ecosystem builder. The initiative will target early-stage blockchain startups, public chains, decentralized wallets, and foundational crypto tools, with annual investments of $50 to $60 million. MEXC's leadership emphasized a focus on projects with long-term potential, especially in decentralized finance, stablecoins, and blockchain infrastructure, and will use a selective, invitation-only funding approach rather than open applications. The fund also aims to offer support beyond capital, including infrastructure access, visibility, and integration within the MEXC ecosystem. This move positions MEXC as a foundational force in blockchain infrastructure, aiming to unify and enhance the trading experience for users while supporting the wider adoption of crypto technologies.