The organizations behind Algorand (ALGO), Solana (SOL), and Polygon (MATIC) have joined forces to create a new 50 million USD cross-chain investment fund.
The fund manager, Borderless Capital, launched the Cross-Chain Ecosystem Investment Fund on Thursday. It is focused on investing in startups that leverage the Wormhole cross-chain messaging protocol.
Borderless Backs Cross-Chain Developers
The Algorand Foundation, the Solana Foundation, and Polygon Ventures are all participating in the fund. Other investors include Aptos Labs, Circle, Jump Crypto, and a number of key players in the space.
Together, participants in Borderless’ new fund represent major stakeholders in some of the most popular blockchains today. By teaming up in the name of cross-chain interoperability, participants are signaling their willingness to collaborate on projects that span diverse networks.
Dan Reecer, Head of Operations at Wormhole Foundation,…
