"BitDAO is a decentralized autonomous organization (DAO) with billions of dollars in assets, incubated by Bybit, a large derivatives exchange, in 2021. But BitDAO is not a company, with a management team or staff. Rather, it is a group of builders and stakeholders who hold BIT tokens and actively lead the project to success. BitDAO now focuses on Web 3.0 users, products and utilities, seeking to create a mutually beneficial ecosystem. From a strong focus on DeFi to supporting Web 3.0 builders, all users can propose partnerships or upgrades like BitDAO along the way, all of which are voted on by BIT token holders for approval or rejection. Bybit''s funding supports a virtuous cycle of value creation with AEs and partner labs that have funded different industries, blockchains and products. In particular, Web 3.0 tools and technologies are being developed in industries such as art, education, media, finance, gaming and technology.