TechFlow news, April 24 — According to The Block, Alliance, a leading accelerator and founders network in the cryptocurrency space, has announced a strategic investment from Founders Fund, the venture capital firm co-founded by Peter Thiel. As part of the investment, Founders Fund will provide support to Alliance's portfolio companies. Alliance, founded in 2020, has accelerated 12 cohorts comprising over 200 startups. The accelerator has backed several high-profile startups with combined valuations reaching billions of dollars, with portfolio projects including Arbitrum, Immutable X, Axie Infinity, and Tensor.
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