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MEXC, in Partnership with Core DAO, Pledges $200 Million in Funds to Boost Ecosystem Development

M-Ventures, the venture capital and incubation arm of MEXC, is launching a $200m ecosystem fund to support developers of apps on Core Network Layer-1 blockchain. The fund is supported by Bitget and MEXC and will deploy capital through grants, investment, incubation, hackathons and educational programs. According to a press release, the ecosystem will serve early-stage projects in areas such as research and development, recruitment, marketing and community-building programmes. Core Network Layer-1 blockchain, powered by Satoshi Plus innovation, uses an innovative consensus mechanism that leverages bitcoin mining hash rate and Ethereum Virtual Machine to create optimal decentralisation, scalability and security.

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