BitDAO’s Mantle Core proposes $200M for Web3 fund By Cointelegraph

A proposal seeking to create a $200 million fund dedicated to early-stage Web3 startups was submitted on Feb. 26 by Mantle Core on BitDAO’s governance forum. The ecosystem fund aims to boost the adoption of Mantle’s network among developers and Dapps.

Mantle is an layer-2 network developed by the BitDAO ecosystem. According to the proposal, a capital pool of $200 million would be deployed within the Mantle ecosystem over the next three years. BitDAO’s treasury would provide $100 million in (USDC), while another $100 million would be supplied by external matching capital from “strategic venture partners.”