Bitget Floats $10M Web3.0-Based Youth Oriented Innovation

Bitget, a derivative trading platform has announced the launch of a new initiative dubbed Blockchain4Youth to support young talent. 

The Seychelles-registered cryptocurrency exchange is embarking on this project as part of its corporate social responsibility and has also decided to dedicate up to $10 million to its actualization. Ultimately, Bitget is trying to integrate the younger generation into the adoption of blockchain technology.

According to the firm, “The project aims to create a blockchain future by empowering and inspiring younger generations to use Web3 and сrypto tools to create and engage in a decentralized space.”

Before now, Bitget has always been a core advocate of pushing for mainstream crypto adoption. As far as the exchange is concerned, a blockchain-based future plays an important role in providing better services and products, all directed towards crypto adoption. As a result, the launch of Blockchain4Youth is in alignment with the exchange’s core mission and objectives.

Bitget Survey Confirms Crypto Craze Amongst Younger Generation

Last month, Bitget published results from a survey which stated that Millenials and Gen Z are the future of a crypto-enabled future. 

The research which was conducted for almost seven months involved respondents from about 26 countries in Africa, Asia and even Europe. The 255,000 respondents were categorised into Millennials, Gen X-ers, Gen Z, and Baby Boomers based on their age range.

In the end, it was discovered that a significant percentage of Millennials and Gen Z own digital assets and are crypto enthusiasts already. With Blockchain4Youth, Bitget will be relinquishing the responsibility of pushing most crypto ideas to the younger generation. 

“Bitget aims to uplift the youth of today with valuable knowledge regarding Blockchain and Web3 information, ensuring a future where the world is blockchain-connected,” Gracy Chen, the Managing Director of Bitget said in a statement, “In light of this, Bitget aims to leverage its global reach and initiate meaningful projects to empower the younger generation.” 

Similarly, leading cryptocurrency exchange Binance has been improving the Web3.0 ecosystem with some of its inclusion strategies including the recent expansion to Japan. After acquiring Japan-based crypto firm Sakura Exchange Bitcoin Co. (SEBC) last year, the exchange announced plans to commence operations in June. 

Also, TinyTap, a subsidiary of Animoca Brands secured $8.5 million to boost and expand its Web3.0 gaming education platform, a move that Bitget’s initiative is a complement of.