Share this article
Master Ventures Launches $30M Polkadot Fund
This first-of-its-kind fund will invest in projects bidding for parachain slots on Polkadot and canary network Kusama.
Updated Sep 14, 2021, 1:04 p.m. Published Jun 2, 2021, 10:34 a.m. 1 min read
Asia-based private venture capital firm Master Ventures launched a $30 million fund for crypto projects aiming for a parachain slot on Polkadot.
- The Master Ventures Polkadot VC Fund is the first of its kind and will invest in the most promising projects on Polkadot and its canary network Kusama, according to an announcement Wednesday.
- Polkadot and Kusama plan to auction off over 50 slots for second-layer chains. Bidders must hold either DOT or KSM depending on which protocol they intend to utilize.
- Projects bidding will issue their native tokens, which will then be airdropped to DOT or KSM lenders.
- "We believe Polkadot will be one of the clear long-term winning blockchains and ecosystems due to its cross-chain functionality, ease of development and deployment as well as the strength of its development community," Master Ventures CEO Kyle Chasse said.
Read more: Banking App Current Picks Polkadot for Its DeFi Debut
Higit pang Para sa Iyo
XRP lost a key support zone after another failed breakout attempt, with traders now watching whether the months-long compression pattern resolves lower.
Ano ang dapat malaman:
- XRP slipped below the $1.35 level after a failed breakout near $1.36, reinforcing short-term bearish momentum within a recently tight trading range.
- Traders are focused on the $1.30 to $1.31 support zone, where a decisive breakdown could open downside risk toward roughly $1.14.
- Analysts remain divided on whether XRP’s structure...
Top Stories
