PANews reported on April 18 that according to PR Newswire, MEXC Ventures, an investment institution of the crypto exchange MEXC, announced the launch of the $30 million "IgniteX" program, which aims to cultivate Web3 talents and promote decentralized ecological innovation. The cooperation with the Korea University Blockchain Research Institute will mark the launch of the "IgniteX" program. The investment plan is for a period of 5 years, and MEXC will work closely with the institute in blockchain development, academic exchanges and talent training. MEXC Ventures encourages early-stage Web3 startups, research projects, developer communities, and academic institutions dedicated to decentralized infrastructure, AI-integrated blockchain solutions, stablecoins, and fintech tools to submit applications.