Aelf Launches $50 mn Ventures Fund To Boost Blockchain Innovation
Aelf, a high-performance Layer 1 with multi-sidechain technology for limitless scalability, announces the establishment of aelf Ventures and the creation of a $50 million aelf Ecosystem Fund.
This courageous move fits with aelf’s objective to build a highly effective and interoperable future, highlighted by deliberate investments in trailblazing teams accelerating the shift from Web2 to Web3. Additionally, the program supports cutting-edge blockchain projects in the aelf and multichain ecosystems.
Aelf Ventures is run by a group of renowned crypto industry leaders and trailblazers.
Aelf Ventures seeks to broaden its investment portfolio by focusing on cutting-edge ventures with inspirational entrepreneurs that support the pursuit of a decentralized future. The fund supports blockchain innovation by meeting significant market demands in the Web3 sector, including but not limited to Gaming, DeFi, NFTs, and Public Goods.
(With inputs from Shikha Singh)
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