Core DAO collaborates with Bitget and MEXC to launch a $200 million ecosystem fund

ChainCatcher news, Core DAO has announced the launch of a $200 million ecosystem fund aimed at accelerating the development of decentralized applications and protocols based on the Core layer 1 blockchain. The fund is supported by strategic partners such as the cryptocurrency exchange Bitget and MEXC.

It is reported that the Core DAO ecosystem fund distinguishes itself from its industry peers by not adopting a grant-based system, where the main requirement for projects to receive funding is a commitment to build on a specific protocol. Instead, the ecosystem fund will incentivize each project to achieve pre-agreed customized benchmarks, providing tangible value to the core community. (source link)