3 venture firms launch $20M fund for Web3 innovation, targeting Move-based blockchain tech.

Gate Ventures, Movement Labs, and Boon Ventures have introduced a $20 million fund to promote innovation in Web3, specifically targeting Move-based blockchain technologies. The collaboration will invest in advanced projects, enhance decentralized network security, and bridge ecosystems. Activities include global hackathons, a mentorship program, research grants, and thought leadership summits, aimed at fostering progress in blockchain and decentralized applications.

October 13, 2024
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