Odaily Planet Daily News Frictionless Capital announced that its Frictionless Fund I fund has raised $20 million to invest in high-performance blockchains and category-defining applications. Frictionless Fund I has received support from some global institutions including Franklin Templeton and Foundation Capital, as well as funds such as Hutt Capital, Avalon Capital and Pure Crypto, as well as Marc Andreessen and Chris Dixon of A16z, Kelvin Liu of Invesco, and general partners of well-known cryptocurrency funds Multicoin, Framework, Coinfund, Big Brain Holdings and AllianceDAO, as well as support from multiple cryptocurrency founders, including Solana's Raj Gokal and Anatoly Yakovenko, Axelar's Sergey Gorbunov and Georgios Vlachos, Aptos' Mo Shaikh and Avery Ching, and Avalanche's Kevin Sekniqi. Other notable angel investors include Santiago Santos and Spencer Noon. The fund has made several investments in the past year, such as Backpack, DFlow, Andrena, and Kuzco.