$30M Pledged to Power Next-Gen Blockchain Ecosystem
On Thursday, MEXC Ventures announced the launch of its IgniteX Fund, committing $30 million over five years to foster the next wave of builders and startups in the Web3 space. The initiative reflects the company’s focus on building a robust and sustainable blockchain economy.
At the heart of the initiative is a Web3 startup launchpad, aimed at incubating ideas and encouraging innovation through funding, developer engagement, and academic partnerships.
Academic Partnership With Korea University’s Blockchain Institute
IgniteX is being rolled out in collaboration with the Blockchain Research Institute of Korea University, a move designed to align blockchain research, education, and hands-on development.
This alliance will nurture a new generation of Web3 talent through academic collaboration, research support, and a shared focus on key verticals such as stablecoins, DeFi tools, and AI-enhanced blockchain protocols.
Developer-First Focus With Global Events and Mentorship
The fund will support global hackathons, developer communities, and early-stage innovation through a mix of financial support and mentorship programs. MEXC is also launching a scholarship initiative to increase university engagement and drive access to blockchain education.
Aspiring developers will benefit from one-on-one mentoring with top professionals, exclusive training sessions, and opportunities to work on live decentralized projects—equipping them with both the technical and practical skills to thrive in Web3.
DWF Labs Joins The Trend With $250M Investment Fund
The IgniteX Fund joins a growing list of ecosystem-wide Web3 investment efforts. Earlier this year, DWF Labs unveiled a $250 million Liquid Fund, targeting blockchain companies at scale with investments up to $50 million each.
Both MEXC and DWF Labs share a common vision: creating pathways for mainstream Web3 adoption by building both infrastructure and talent pipelines that can support the sector’s long-term growth.
