PANews reported on October 9th that Bitrise Capital announced the establishment of a $100 million BNB Ecosystem Fund, aimed at supporting high-quality projects and infrastructure built on the BNB Chain. The fund has received subscription intent and strategic support from Nasdaq-listed Nano Labs (NASDAQ: NA).

Founded in 2017, Bisheng Capital is an investment institution focusing on the cryptocurrency and blockchain fields. It mainly engages in primary and secondary market investment and project incubation business, and currently manages funds of over US$500 million.

Nano Labs is a leading global Web3 infrastructure company and the first publicly listed company in the world to hold a BNB strategic reserve.