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

A proposal in search of to create a $200 million fund devoted to early-stage Web3 startups was submitted on Feb. 26 by Mantle Core on BitDAO’s governance discussion board. The ecosystem fund goals to spice up the adoption of Mantle’s community amongst builders and Dapps.

Mantle is an layer-2 community developed by the BitDAO ecosystem. In line with the proposal, a capital pool of $200 million can be deployed inside the Mantle ecosystem over the following three years. BitDAO’s treasury would supply $100 million in (USDC), whereas one other $100 million can be provided by exterior matching capital from “strategic enterprise companions.”

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