IoTeX Launches $100M Fund for Web3 Economy
IoTeX has launched its $100 million Sustainable Ecosystem Fund. The said fund will support developers across DeFi, NFTs, DAOs, MachineFi, and more. IoTeX price is currently at $0.093, according to CoinGecko. IoTeX Foundation has announced that it will be allocating $100 million for its Sustainable Ecosystem Fund. According to an announcement, this fund will support developers across various blockchain sub-sectors including DeFi, NFTs, DAOs, and more. Of course, the fund is only available for projects within the IoTeX ecosystem. The blockchain network aims to bolster its Web 3.0 machine economy by supporting promising projects and onboarding billions of smart devices.