BitDAO’s Mantle Core Proposes $200M For Web3 Fund

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A proposal attempting for to originate a $200 million fund dedicated to early-stage Web3 startups used to be submitted on Feb. 26 by Mantle Core on BitDAO’s governance forum. The ecosystem fund goals to clutch the adoption of Mantle’s community among builders and Dapps.

Mantle is an Ethereum layer-2 community developed by the BitDAO ecosystem. In line with the proposal, a capital pool of $200 million would be deployed within the Mantle ecosystem over the following three years. BitDAO’s treasury would supply $100 million in USD Coin (USDC), while one other $100 million would be supplied by external matching capital from “strategic endeavor partners.”

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<em>EcoFund proposal summary from Mantle Core. Supply: BitDAO’s governance forum. </em>