BitDAO’s Mantle Core proposes $200M for Web3 fund

BitDAO’s Mantle Core proposes $200M for Web3 fund

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A proposal looking out for to carry out a $200 million fund dedicated to early-stage Web3 startups was submitted on Feb. 26 by Mantle Core on BitDAO’s governance forum. The ecosystem fund aims to elevate the adoption of Mantle’s network amongst developers and Dapps.

Mantle is an Ethereum layer-2 network developed by the BitDAO ecosystem. In step with the proposal, a capital pool of $200 million may perchance perchance be deployed all the device thru the Mantle ecosystem over the subsequent three years. BitDAO’s treasury would provide $100 million in USD Coin (USDC), while one other $100 million may perchance perchance be supplied by exterior matching capital from “strategic undertaking partners.”

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<em>EcoFund proposal summary from Mantle Core. Offer: BitDAO&rsquo;s governance forum. </em>

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