A Singapore-based venture capital fund called Blockchain Founders Fund (BFF) has teamed with the Ethereum scaling platform Polygon in order to diversify its assets and promote the use of blockchain technology in general.
The venture capital fund officially announced its strategic alliance with Polygon on September 30. The Blockchain Founders Fund is certain that this new collaboration will promote widespread Web3 usage and speed up blockchain development.
Integration Of BFF And Polygon
A venture capital firm with an amazing portfolio of more than 100 firms in the Metaverse sector and a solid track record of successfully scaling them to targeted audiences is called Blockchain Founders Fund.
GRID, a blockchain-powered no-code game studio, LunarCrush, and several other decentralized apps built on well-known blockchain technology are some examples of top-tier blockchain investments.
With over 37,000 decentralized applications (Dapps), Polygon is quickly becoming as the platform of choice for Web3. The network supports a wide range of premium services, from the top gaming metaverse servers like Decentraland and The Sandbox to decentralized applications (Dapps) like Aave and Uniswap.
BFF Wants To Boost Investors in the Metaverse
The venture capital fund and Polygon network want to provide excellent value prepositions to web3 founders and businesspeople with a strong potential to disrupt industries as part of their new relationship.
Sandeep Nailwal, the co-founder of Polygon, made the following observation on the most recent collaboration with Blockchain Founder Fund:
“To bring the vision of Web3 to realization and help garner mainstream adoption, it’s vital that we support entrepreneurs in building innovative products and infrastructure. We look forward to working alongside Blockchain Founders Fund, who share our vision and believe in the transformative potential of Web3.”
The collaboration between the two platforms is not new. To advance and strengthen decentralized apps, the Blockchain Founders Fund and Polygon have invested together in leading blockchain firms including Splinterlands and Altered State Machine.
The BFF raised $75 million in January with the help of illustrious cryptocurrency investors NEO Global Capital (NGC), Appworks, Sebastien Borget, COO of The Sandbox, and Polygon co-founder Sandeep Nailwal. The BFF deployed these resources to aid emerging metaverse companies.
Thanks to Dominic Kimani at Business 2 Community whose reporting provided the original basis for this story