According to COINCU2, aelf, a Layer 1 blockchain platform, has launched a $50 million venture capital fund called aelf Ventures. The fund is dedicated to fostering innovation in Web3 sectors such as gaming, DeFi, NFTs, and public products. aelf 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.

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

In addition to investing in existing projects, aelf Ventures also serves as an incubator for promising initiatives. The fund has actively supported and incubated projects such as Portkey, an abstract wallet specializing in social recovery accounts; eBridge, a cross-chain bridge enhancing interoperability between blockchain networks; Forest NFT Marketplace, a dynamic marketplace for trading NFTs; Awaken Swap, a decentralized exchange (DEX) empowering secure and seamless asset swaps; EWELL, an initial DEX product (IDO) platform streamlining token launches; and BeanGo Town, an engaging casual NFT game combining entertainment and blockchain technology. aelf Ventures is poised to play a pivotal role in fostering innovation and advancement in the Web3 landscape, with its impressive portfolio of investments and incubated projects highlighting its dedication to pushing the boundaries of what's possible in the blockchain and cryptocurrency space.