- Bitget will help the ecosystem with placing and selling tokens
- The exchange will also provide advice on marketing and other important areas
Cryptocurrency exchange Bitget has invested $10 million in blockchain platform with artificial intelligence Fetch.ai.
This comes at a time when the exchange has launched a $100 million investment fund to fund Web3 startups.
Bitget will advise Fetch.ai on marketing and other important areas to ensure that the Fetch.ai ecosystem is properly positioned..
The company aims to attract the attention of the community and potential business partners.
The exchange will also help the startup with placing or selling tokens on the Bitget Launchpad platform.
Bitget Managing Director, Gracie Chen, said:</nbsp;
“We realize the value of a product when we experience it in practice.. Fetch.ai already has many AI-based technology solutions that can have a real impact on how companies and individuals interact with each other.
This is the main reason why we decided to support the project. Blockchain progress is inevitable, but it can be accelerated if we support it, which we are going to do.”
Humayun Sheikh, founder and CEO of Fetch.ai also commented on the partnership:
“We are proud to partner with one of the leading cryptocurrency derivatives exchanges in the world and are grateful for the generous support in this effort;
Like us at Fetch.ai, Bitget understands the huge potential of blockchain technology.
Along with the leap that AI has made in the last few years, the possibilities of applying blockchain to AI are unlimited.”
Fetch.ai has previously raised $40 million in funds from market maker DWF Labs.