MEXC Ventures Commits $30M to Web3 Development
MEXC Ventures, the investment division of global crypto exchange MEXC, has announced the IgniteX Fund—a $30 million initiative to nurture the future of Web3. Rolled out over five years, this fund aims to fuel early-stage projects and developers shaping the decentralized economy.
According to Thursday’s press release, the IgniteX Fund will power a series of launchpad initiatives designed to support Web3 startups, strengthen developer ecosystems, and expand blockchain education programs.
Collaborating With Korea University to Shape Blockchain’s Future
A key part of the fund’s strategy involves collaboration with Korea University’s Blockchain Research Institute. This partnership will drive joint academic research, build industry talent pipelines, and encourage real-world blockchain adoption.
The program is set to support projects across a wide array of sectors—ranging from decentralized infrastructure and fintech to AI-blockchain integrations and stablecoins.
Accelerating Innovation Through Education and Hackathons
Beyond capital investment, the IgniteX program will host global hackathons, developer grants, and community-building initiatives. The goal is to attract rising talent from around the world and help bring promising ideas to life.
Education plays a central role in MEXC’s approach. The company announced plans to roll out blockchain-focused university scholarships, online courses, and training collaborations with leading institutions.
Additionally, a mentorship track will pair participants with top Web3 leaders and provide hands-on experience through project-based learning and exclusive developer events.
Web3 Investment Surge Continues With DWF Labs’ $250M Fund
MEXC’s initiative follows recent news from DWF Labs, which in March launched a $250 million Liquid Fund. That fund is designed to support mid- and large-scale blockchain ventures with investments between $10 million and $50 million, aiming to scale Web3 infrastructure and real-world adoption.Together, these strategic capital deployments highlight a broader trend: institutional players are doubling down on building the human and technical capital needed to take Web3 mainstream.
