Polygon invests in BFF to diversify company holdings

The Singapore-based VC Blockchain Founders Fund (BFF), which focuses on blockchain and early-stage Web3 startups around the world, has entered into a strategic partnership with Polygon, Coin Journal has learned. rice field. press release.

Polygon invests in funds to accelerate blockchain adoption and diversify company holdings.

BFF with a proven track record of effective scaling

The Blockchain Founders Fund has an impressive track record of expanding companies in the Web3 space to target audiences.

Some companies associated with BFF are working on cryptocurrency social intelligence (LunarCrush), a blockchain-powered no-code game studio, and various other apps.

The fund has raised $75 million from major investors

The web3-focused fund was launched in January after a number of major investors helped raise $75 million in funding. Among them were his Sebastien Borget, his COO of Appworks, The Sandbox, NEO Global Capital (NGC), and Sandeep Nailwal, co-founder of Polygon.

In the past, Polygon and BFF have invested in top blockchain companies such as Altered State Machine and Splinterlands to speed up and enhance dApps.

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The current partnership allows the two companies to offer the founders of Web3 a superior value proposition and disrupt the industry.

Nailwal commented:

To realize Web3’s vision and achieve mainstream adoption, we need to support entrepreneurs building innovative products and infrastructure. We believe in the transformational potential of Web3 and are happy to work with Blockchain Founders Fund who share our vision.

BFF Managing Partner Aly Madhavji added:

Adding institutions like Polygon as partners expands our ability to invest in a wider range of early stage companies. Their industry expertise helps us connect with companies most likely to find real solutions to real-world problems.

Best quality service, game platform

Polygon boasts over 37,000 dApps and is turning into a de facto Web3 platform.

The ecosystem consists of a set of great services such as Aave, Curve, Uniswap and top metaverse and gaming platforms such as The Sandbox and Decentraland.

The network also works in the mass market, helping major global brands such as Adobe and Starbucks integrate Web3 functionality.