BGA Web3 Key Fund has successfully raised $5 million, aiming to drive growth in the Web3 and cryptocurrency industries. This fund is a joint project of the Asia Blockchain Association (ABA) and Blockchain for Good Alliance (BGA), supported by major cryptocurrency exchanges, with $2.5 million coming from companies within the industry. By setting up an incubation program, BGA Web3 Key Fund will provide resources and guidance to support selected Web3 and cryptocurrency projects. At the same time, the fund plans to focus on expanding in Southeast Asian and Middle Eastern markets, with applications now open for related funding projects. This not only reflects confidence in the future of Web3 technology but also demonstrates a positive approach to emerging global markets.