Bitget, a leading crypto derivatives trading platform, and Core DAO, the organization developing the Satoshi Plus ecosystem, have formed a strategic partnership to boost the development of decentralized applications (dApps) on the Core network’s Layer-1 blockchain.
The collaboration involves an ecosystem fund worth $200 million that will support early-stage projects on Core, offering them support across product research and development, marketing, recruitment of talent, and community-building programs. The ecosystem fund is backed by other strategic partners, including the global crypto exchange MEXC.
In addition, Bitget will open a new Core Trading Zone on its derivatives platform and integrate the BitKeep wallet and list Core projects. The platform will also support CORE staking and become a validator on Core.
Core DAO’s ecosystem fund will have a grants strategy for projects, where funds will be available when developers meet agreed-upon benchmarks. The community will have to see the tangible value before projects receive funding, according to Bitget.
Core DAO’s partnership with Bitget is a significant boost for Core, whose mainnet launch recently took place, benefiting roughly 2 million users with a CORE token airdrop. Core DAO’s growth trajectory also includes key integrations with LayerZero, a cross-chain messaging protocol, and collaboration with Switchboard, a permissionless Oracle protocol.