VICTORIA, Seychelles, Aug. 6, 2024 — Bitrue Ventures, a new investment firm affiliated with the cryptocurrency exchange Bitrue, has announced its first public partnership and successful investment in Redacted and its RDAC coin.

Redacted is a promising startup operating in the realm of web3 and entertainment, with a focus on integrated gaming systems. Their RDAC coin functions as a utility token within the Redacted entertainment network.

Besides funding from Bitrue Ventures, Redacted has secured over $10 million in funding from various investors, including Polygon Ventures, Spartan Group, Animoca Brands, Saison Capital, and other investment funds.

“The wide range of investors in Redacted highlights both the strength of their fundamentals and the significant interest investors have in promising web3 companies,” said Ryan Chan, Investor Principal at Bitrue Ventures. “Bitrue Ventures has complete confidence in Redacted’s vision and potential, and firmly believes that they can carve out a successful position in the $300 billion dollar gaming industry.”

RDAC already boasts a strong community presence, with active promotions led by some of the most influential figures in the GameFi and NFT spaces. Their leadership team comprises veterans from prominent companies across various industries, including Tesla, Bank of America, and Kraken. They have positioned themselves as a leading force in web3 entertainment, poised to expand their ecosystem, innovate, and engage a growing audience through strategic collaborations and advancements.

Bitrue Ventures was established in response to a surge of capital flowing into the industry from institutional investors and high net worth individuals, coinciding with renewed public interest in web3 technologies fueled by the ongoing AI revolution. Investor demand for cryptocurrency projects is escalating rapidly, creating an opportunity for a highly skilled and specialized investment fund to identify and cultivate promising startups. Bitrue Ventures has identified several key growth areas for the next market cycle, including GameFi, RWA, DePIN, and AI, and anticipates forging more partnerships within these sectors.

Further details about Bitrue Ventures’ activities with Redacted will be announced soon. Additionally, Bitrue Ventures will be sharing more partnership announcements in the coming months. Any young web3 companies seeking investment from Bitrue Ventures are encouraged to contact the team by submitting their introductory materials to .

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