MEXC Ventures Launches IgniteX: A $30 Million Initiative to Foster Web3 Talent and Innovation

VICTORIA, Seychelles, April 17, 2025 /PRNewswire/ -- MEXC Ventures, the investment arm of the globally leading cryptocurrency exchange MEXC, has announced a $30 million allocation to support Web3 talent and accelerate innovation across the decentralized ecosystem. The investment initiative foresees a 5-year span and is part of the broader Corporate Social Responsibility effort by MEXC Ventures, "IgniteX," in line with its global strategy of fostering sustainable blockchains through support and empowerment of young talents.

The purpose of the initiative undertaken by MEXC Ventures is to create a launchpad program that will serve as a hotbed for talent nurturing and idea development. The collaboration with Korea University's Blockchain Research Institute will mark the beginning of the "IgniteX" initiative, with more details to be unveiled in an upcoming official announcement. MEXC will work closely with the institute on blockchain development, academic exchanges, and talent cultivation. MEXC Ventures encourages submissions from early-stage Web3 startups, research initiatives, developer communities, and academic institutions working on decentralized infrastructure, AI-integrated blockchain solutions, stablecoins, and fintech tools. MEXC Ventures aims to include mentorship, educational efforts, and funding as part of the program to create a future-ready blockchain ecosystem, thus ensuring a smooth transition for the next generation of users into Web3 and preparing a willing, enthusiastic, and well-trained pool of leaders to develop it further.

The impact-driven campaign will entail a comprehensive and multi-pronged approach that includes several key elements. The foundation will be the $30 million pledge, which will serve to fund education, project support, and development initiatives. The second part of the campaign will focus on organizing hackathons and developer engagement programs in the form of global events to identify and support emerging talents.

Education will form a major part of the campaign, with university scholarships and blockchain courses offered through partnerships with academic institutions. This step is crucial to making blockchain technologies and the underlying coding and programming languages more accessible to a greater number of potential developers and IT students. Mentorship programs will be launched in tandem to make sure talents have access to adequate training, event participation, and the experience of current Web3 leaders.

Lastly, strategic sector support will be implemented to ensure that funding is provided to promising projects. Special focus will be placed on initiatives developing stablecoins, AI-based solutions, and blockchain infrastructure elements.

As a CSR initiative, "IgniteX" adheres to achieving strategic objectives, which are based on building a pipeline of high-potential Web3 startups with early MEXC involvement for future cultivation and capitalization. This will have a positive impact on brand recognition for MEXC and position it as a strategic and valuable contributor to the development of Web3 space. The campaign will also help foster cross-border collaboration among all participants of the blockchain sector and promote diversity and inclusion based on shared blockchain values.

Through "IgniteX", MEXC Ventures aims to create an impact on the global Web3 ecosystem by empowering potential future leaders and developers through education and responsible mentorship.

About MEXC Ventures

MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, M&A, and incubation. Upholding the principle of "Empowering Growth Through Synergy," MEXC Ventures is committed to supporting innovative ideas and active builders in crypto.

MEXC Ventures is an investor and supporter of TON and Aptos, and looks forward to staying at the forefront of TON and Aptos innovations while actively engaging with builders to drive ecosystem growth.

For more information, visit: MEXC Ventures Website

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

MEXC Ventures Launches IgniteX: A $30 Million Initiative to Foster Web3 Talent and Innovation

CHICAGO, May 17, 2025 /PRNewswire/ -- Artly has unveiled new upgrades to its fully automated robotic barista, the Barista Bot, at the National Restaurant Association 2025 show (NRA). The upgrades include a more compact mini version of the Barista Bot, now only 4ft x 4ft, a bigger refrigerator for increased storage, a customizable design on its countertops to better fit the décor in different settings, and improved learning ability that allows the bot to make even more beverages.

Automation and robotics in restaurants are prominent themes at this year's NRA, and there is hardly a more striking example than of the robotic arm on Artly's mini Barista Bot pouring intricate latte art.

Designed for coffee shops, event venues, and restaurants, Artly's Barista Bot is built on Artly's Vision-Language-Action (VLA) AI model. Trained using motion capture data provided by world-class baristas, the Barista Bot can already craft 28 hot and iced beverages by replicating the artist's movements, including intricate latte art. Continuous improvements to Barista Bot's learning ability will allow for even more menu options.

The Barista Bot has served nearly 1 million cups of coffee since its first model five years ago, has raised over $10 million in funding, and can be found in 15 cafe locations across the US and major expansion plans this year. The upgrades and customization made to the new mini Barista Bot model on display at NRA 2025 were designed to help expand locations by being more versatile and more applicable. This includes countertop options in white, walnut, or the original wood coloring.  

"With these new upgrades, Barista Bot is now able to serve more drinks to more customers, becoming a natural addition to cafes that not only better fits the café's aesthetics but serves, fast, consistent and top-quality coffee." said Yushan Chen, Chief Operating Officer of Artly. "Our mission is to share culinary artistry with everyone, and we invite NRA attendees to come by and experience it firsthand."

Visit Artly to see the Barista Bot and more in action at the National Restaurant Association Show 2025 at McCormick Place in Chicago, May 17-20, booth #8739.

About Artly

Founded in 2020, Artly has transformed the coffee industry by combining advanced AI with a deep appreciation for artisanal coffee. Utilizing cutting-edge technology, the company provides authentic specialty coffee experiences through its robotic baristas. Since its inception, Artly has already generated over $5 million in coffee revenue. With a client portfolio that includes Jump Trading, Microsoft, MUJI, Nvidia, and other leading brands, Artly is poised to lead the food and beverage automation market while preserving the craftsmanship and artistry behind every cup.

To learn more, visit artly.ai

Media Contact

Cecilia Qian
Public Relations Manager
cecilia@impact5r.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Artly debuts mini Barista Bot at National Restaurant Association 2025 show