VICTORIA, Seychelles, Aug. 13,
2024 /PRNewswire/ -- Bitrue Ventures, a newly
established subsidiary of the cryptocurrency exchange
Bitrue, has today announced that they will be flying to the
Token2049 conference in Singapore
on 18 September via a specially chartered flight.
This flight has been organized by Redacted, a high-potential
startup currently working on several projects that intersect the
web3 and entertainment industries.
Redacted has invited many of its top investors to join them on
this flight, which includes the team at Bitrue Ventures who
recently partnered with Redacted to make their first public
investment since their formation. In the coming years, more than
$40 million will be invested by
Bitrue Ventures into various web3 projects, with a strong focus on
nurturing high-impact startups working on Real World Asset
Tokenization (RWA), Decentralized Physical
Infrastructure Networks (DePIN), and GameFi projects.
Other major names that have completed investment into Redacted
include Spartan Group, Saison Capital, Animoca Brands and more.
"The breadth of investors into Redacted underscores both the
quality of their fundamentals, as well as the sheer enthusiasm that
investors have for promising web3 companies." said Ryan Chan, Managing Director at Bitrue Ventures.
"Bitrue Ventures has supreme confidence in Redacted's vision and
potential, and fully believe that they are able to carve out a
successful place for themselves in the $300
billion dollar gaming industry."
More details about Bitrue and Bitrue Ventures' activities at
Token2049 in Singapore will be
announced soon.
Bitrue Ventures has been created amid an environment of strong
inflows to the crypto economy, particularly from the
traditional financial sector who wish to ensure that they do not
miss out on the next bull market. Investor demand for
cryptocurrency projects is increasing rapidly, and
Bitrue Ventures will capitalize on the market opportunity for a
highly trained and specialized investment fund to identify and
nurture promising start-ups.
About Bitrue
Launched in July 2018, Bitrue is a
diversified digital asset exchange that supports trading, loans,
and investments. Bitrue aims to utilize blockchain technology to
bring financial opportunities to everybody regardless of their
location or financial position. It has offices in Asia and Europe and continues to develop new features
at a rapid speed to fully service the new wave of the digital
economy. More information is available on Bitrue's website.
About Bitrue Ventures
Comprised of top executives from the Bitrue exchange, Bitrue
Ventures has a mission to identify the latest and greatest in web3
projects, and help ensure that they are able to bloom into new
household names. They plan to invest $40
million into crypto-related projects over the
next several years, with an emphasis on the AI, RWA, and GameFi
verticals alongside others. Interested parties can contact the
Bitrue Ventures team at investment@bitrue.com
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SOURCE Bitrue