At the TOKEN2049 conference in Dubai, MEXC announced the creation of an investment fund aimed at fostering early-stage projects in the crypto infrastructure space.
Goals of the Investment Fund
The MEXC fund will focus on backing projects developing core elements of crypto infrastructure, such as decentralized networks, wallets, stablecoins, and public chains.
Project Selection Criteria
According to COO Tracy Jin, projects will be selected through a curated approach, emphasizing teams that can demonstrate long-term value and distinguish themselves in a crowded field.
Funding Strategy
MEXC plans to invest $50-60 million annually over five years, with the possibility of accelerating funding for projects that align with its strategic goals. There is a particular interest in stablecoins and DeFi infrastructure, citing their critical role in supporting liquidity and market stability.
Thus, MEXC aims to position itself as a significant force in the crypto ecosystem, not just as a trading venue but as a supporter of innovative Web3 projects.
