MEXC Ventures Launches IgniteX: $30 Million Initiative to Fuel Web3 Innovation

MEXC Ventures has announced a $30 million investment fund dedicated to fostering Web3 talent and accelerating innovation within the decentralized ecosystem. The initiative, known as ‘IgniteX,’ will provide funding over five years, aligning with MEXC Ventures’ broader commitment to sustainable blockchain development through support for emerging young professionals. The program aims to serve as a launchpad for Web3 innovators by offering mentorship opportunities, educational programs, and financial assistance. 30 million USD will be allocated towards these initiatives, encompassing a multi-pronged approach focused on talent nurturing and project development.