TechFlow News — Crypto investment firm Arrington Capital has announced a partnership with the Moonbeam Foundation to launch a $100 million ecosystem fund, The Arrington Moonbeam Growth Fund, for Moonbeam, Moonbeam is an EVM-compatible parachain on Polkadot. The Moonbeam Growth Fund aims to stimulate further development and growth of the network. Since launching in January, over 100 projects have been launched or are preparing to go live on Moonbeam, including several top DeFi projects.
The Moonbeam Growth Fund is the first ecosystem fund for the Moonbeam network. All capital will be dedicated to supporting new projects in developing and scaling cross-chain applications, including novel use cases leveraging Polkadot’s interoperability potential and innovative generic message-passing technologies beyond Polkadot. The fund aims to benefit projects across all categories, including DeFi, marketplaces, NFTs, and gaming.
