aelf, a Singapore based high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability, has launched aelf Ventures with an ecosystem fund of $50m.
Led by Hazel Zhang, aelf aims to make strategic investments in teams propelling the transition from Web2 to Web3. The initiative embarks on both strategic and financial investments in promising blockchain startups and established crypto enterprises.
The fund focuses on blockchain innovation, addressing substantial market needs in the Web3 space, including but not limited to Gaming, DeFi, NFTs, and Public Goods.
aelf Ventures has invested in:
- Crystal Fun, a decentralised Web3 game ecosystem aimed at converting Web2 game players into Web3 users through high-quality games, and
- Mythic Protocol, a protocol building a collaborative entertainment, allowing the community to contribute and develop a collaborative universe.
Aelf Ventures has also incubated projects like Portkey, a social recovery account abstraction wallet; eBridge, a cross-chain bridge; Forest NFT Marketplace, an NFT marketplace; Awaken Swap, a decentralised exchange (DEX); EWELL, an initial DEX offering (IDO) platform; and BeanGo Town, a casual NFT game.
FinSMEs
07/09/2023