A famous venture capital (VC) investment company Bitgert Ventures has recently announced that the platform is making a strategic investment of up to $3.5M in Vita Inu. Vita Inu is a meme coin project. The VC investment platform shared the respective move on its official Twitter channel. In addition to this, it also discussed this development on its website.
Bitgert Declares a Strategic Investment of $3.5 Million in a Meme Token
While providing details about this investment, Bitgert noted that every meme token does not have hype like Vita Inu. Along with this, the platform also talked about the context of the meme coin industry. As per Bitgert, the crypto market is witnessing a vast number of meme tokens. In other words, several such crypto projects have come and gone without staying for much time.
It also mentioned that some of the meme tokens were just pump-and-dump schemes that took away the hard-earned funds of the investors. On the other hand, it added, the crypto community also witnessed some rug pulls in the meme coin industry. Nonetheless, it moved on to say that the meme token Vita Inu is not like any of the above-mentioned projects. According to Bitgert, the respective meme token project is attempting to bring about a revolutionary change.
The Investment Targets Broadening Vita Inu’s Span for Future Endeavors
The VC firm is of the view that the project has several real-life utilities. In this respect, it pointed toward the things like Vinuverse (which is currently in its developing phase) and smart contracts. Moreover, it will additionally modify the angle with which the world perceives meme tokens. Apart from that, Bitgert Ventures also disclosed that the investment made by it will be utilized to broaden the span of Vita Inu.
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