• Leading crypto teams and venture funds have collaborated to launch a $50 million cross-chain ecosystem fund.
• The fund is managed by Borderless Capital and its aim is to support startups leveraging the Wormhole cross-chain messaging protocol.
• This initiative seeks to drive cross-chain innovations and propel the growth of the web3 industry.
Cross-Chain Interoperability Initiative Launched
Top blockchain teams and venture funds, including Algorand Foundation, Arrington Capital, and others, have come together to establish a $50 million cross-chain ecosystem fund. Managed by Borderless Capital, the fund is aimed at supporting and nurturing startups leveraging the Wormhole cross-chain messaging protocol.
Promoting Web3 Innovation
This collaboration of leading crypto teams and institutional investors seeks to drive cross-chain innovations and propel the growth of the web3 industry. With the proliferation of diverse layer-1 blockchains, layer-2 scaling solutions, and specialized appchains, developers and users face increasing difficulties navigating and connecting across different ecosystems. This initiative seeks to address these hurdles by unlocking the full potential of cross-chain functionality, enabling seamless collaboration and interoperability between various blockchain networks.
Borderless Capital Specialty in Web3 Technology
Borderless Capital is an investment management firm that specializes in web3 technology, focusing on supporting emerging innovators in the borderless value creation space. The firm consists of a team of builders, partners, and investors who take a long-term approach to their investments. Since 2018, Borderless Capital claims to have made investments in over 200 protocols and companies within the web3 ecosystem.
Harnessing Full Potential Through Cross Chain
The fund represents a collective effort by leading crypto teams and institutional investors to overcome challenges posed by expanding web3 landscape through harnessing full potential of cross chain capability between various blockchain networks for seamless collaboration & interoperability for all stakeholders..
Long Term Approach To Investments
Borderless capital takes a long term approach when making investments which has enabled them provide infrastructure support & business application development for projects in web 3 space since 2018 with over 200 protocols & companies being beneficiaries so far