aelf Launches $50 Million Venture Capital Fund, aelf Ventures, To Power Web3 Innovation

September 7, 2023 - Around 2 mins mins to read

Key Points:

aelf, the Layer 1 blockchain platform, has launched a $50 million venture capital fund called aelf Ventures, dedicated to fostering innovation in Web3 sectors such as gaming, DeFi, NFTs, and public products.
The Ventures has already invested in projects like Crystal Fun and Mythic Protocol while incubating initiatives like Portkey, eBridge, Forest NFT Marketplace, Awaken Swap, EWELL, and BeanGo Town, positioning itself as a driving force in the evolution of Web3 technology.

aelf, the Layer 1 blockchain platform, has introduced aelf Ventures—a venture capital fund with a staggering $50 million allocation.

aelf Launches $50 Million Venture Capital Fund, aelf Ventures, To Power Web3 Innovation

aelf Ventures is poised to drive forward-thinking projects across diverse Web3 sectors, including gaming, DeFi (Decentralized Finance), NFTs (Non-Fungible Tokens), and public products.

This strategic fund has already made significant investments in key projects, showcasing its commitment to nurturing Web3 innovation. Among its notable investments are Crystal Fun, a decentralized Web3 gaming ecosystem, and Mythic Protocol, a cutting-edge protocol designed for collaborative entertainment ventures.

aelf Ventures is not limited to investing in existing projects; it also serves as an incubator for promising initiatives. The fund has actively supported and incubated projects such as:

Portkey: An abstract wallet that specializes in social recovery accounts.
eBridge: A cross-chain bridge that enhances interoperability between blockchain networks.
Forest NFT Marketplace: A dynamic marketplace for trading NFTs.
Awaken Swap: A decentralized exchange (DEX) that empowers secure and seamless asset swaps.
EWELL: An initial DEX product (IDO) platform that streamlines token launches.
BeanGo Town: An engaging casual NFT game that combines entertainment and blockchain technology.

aelf Ventures is poised to play a pivotal role in fostering innovation and advancement in the Web3 landscape. Its impressive portfolio of investments and incubated projects highlights its dedication to pushing the boundaries of what’s possible in the blockchain and cryptocurrency space.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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