Blockchain developers launch $50M fund to increase Wormhole adoption By Cointelegraph
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A $50 million fund has been launched to help startups that use the Wormhole cross-chain messaging protocol, according to a May 18 announcement. The new fund is being managed by venture capital fund Borderless Capital and is backed by over 20 other blockchain development teams and venture capital firms, including Circle, Polygon Ventures, Foundation, JumpCrypto, and others.
The fund will help startups that are “innovating cutting-edge apps, infrastructure, or tools that span multiple ecosystems,” according to its application page on the Wormhole website, which also describes the fund as “anti-maxi” or promoting the idea that more than one blockchain is needed to solve users’ problems.
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A $50 million fund has been launched to help startups that use the Wormhole cross-chain messaging protocol, according to a May 18 announcement. The new fund is being managed by venture capital fund Borderless Capital and is backed by over 20 other blockchain development teams and venture capital firms, including Circle, Polygon Ventures, Foundation, JumpCrypto, and others.
The fund will help startups that are “innovating cutting-edge apps, infrastructure, or tools that span multiple ecosystems,” according to its application page on the Wormhole website, which also describes the fund as “anti-maxi” or promoting the idea that more than one blockchain is needed to solve users’ problems.
Continue Reading on Coin Telegraph
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