Layer 1 blockchain aelf announced the launch of a $50 million venture capital fund aelf Ventures. aelf Ventures focuses on supporting transformative companies in the transition from Web2 to Web3, making strategic and financial dual-track investments in startups and mature crypto companies, including but not limited to games, DeFi, NFTs, and public products.
aelf Ventures has invested in the decentralized Web3 gaming ecosystem Crystal Fun and the collaborative entertainment protocol Mythic Protocol. In addition, aelf Ventures has also incubated the social recovery account abstract wallet Portkey, the cross-chain bridge eBridge, the NFT market Forest NFT Marketplace, the DEX Awaken Swap, the IDO platform EWELL, and the casual NFT game BeanGo Town.
