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Bitget Wallet introduces Bitget Onchain Layer and launches $10M BWB Ecosystem Fund.

#BitgetWallet #Web3 #DeFi #Blockchain #Cryptocurrency #DApps #BWBToken #Trading

Bitget Wallet, Asia’s leading non-custodial wallet and decentralized ecosystem platform, has unveiled its fresh strategic product blueprint, the Bitget Onchain Layer, marking a significant milestone in its journey to enhance the Web3 experience for its users. Originating from Victoria, Seychelles, this announcement came alongside the commitment of a $10 million BWB Ecosystem Fund, aimed at fostering the development of the Bitget Onchain Layer and supporting projects and initiatives aligned with Bitget Wallet’s vision.

At the core of the Bitget Onchain Layer are the native Modular Feature-DApps (MFDs), designed to streamline interactions, boost liquidity aggregation, and enhance security for users. This ambitious move is set to integrate a range of native DApps into Bitget Wallet through partnerships, positioning Bitget as a premier on-chain extension for the broader ecosystem. The initial focus of the ecosystem fund will support the development and incubation of innovative Web3 trading services, including Pre-Market, on-chain derivatives markets, and a Trading Bot, all integrated as MFDs to complement the existing Swap trading service within Bitget Wallet.

Since its inception in 2018, Bitget Wallet has significantly evolved from a simple multi-chain wallet to a comprehensive DeFi platform, hosting a variety of native functions such as intelligent market data, Launchpad, inscriptions tool, and an earning center, among others. This evolution reflects its transition from merely an asset management tool to a robust full-stack DeFi ecosystem. With over 20 million users worldwide, Bitget Wallet has already outpaced conventional platforms like MetaMask in swap data, showcasing its growing influence in the cryptocurrency market.

As Bitget Wallet aims to address the persisting challenges in the Web3 space, including the fragmented nature of blockchain networks and the complexity of engaging with different DEXs and liquidity pools, it introduces the Bitget Onchain Layer. This initiative stands as a testament to Bitget Wallet’s dedication to innovation, aiming to reduce the complexities involved in Web3 interactions, making it more accessible and user-friendly through the integration of purpose-built, Modular-Feature DApps (MFDs). Furthermore, the emphasis on the Meme ecosystem and the strategic development plans for the BWB token underscore Bitget Wallet’s commitment to providing a comprehensive, inclusive, and engaging Web3 platform.

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