CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

The Arrington Moonbeam Growth Fund

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Arrington Capital, a digital asset management firm in blockchain-based capital markets, and the Moonbeam Foundation are pleased to announce the launch of The Arrington Moonbeam Growth Fund, a new $100 million ecosystem fund dedicated to supporting projects building on Moonbeam, the top destination for multi-chain applications on Polkadot.

The Arrington Moonbeam Growth Fund is intended to spur additional development and growth on the network, which already has more than 100 projects live or soon to be launched, including top-tier DeFi initiatives.

To begin with, this is the first ecosystem fund for the Moonbeam Network. The funds will go toward helping new projects develop and scale multi-chain applications. Including new use cases that leverage the interoperability potential of Polkadot and innovative general message-passing technologies outside of Polkadot. Indeed, the fund benefits projects across all categories, including DeFi, marketplaces, NFTs, and gaming.

Since Moonbeam is connected to Polkadot as a parachain, the Arrington Moonbeam Growth Fund will help spur growth not only on the parachain directly but across the Polkadot ecosystem at large.

This announcement follows on the heels of several significant ecosystem developments, including the introduction of DOT liquid staking via Lido and a successful proposal to bring Uniswap v3 to Moonbeam. Moreover, Moonbeam expects to complete its “building” phase in the coming weeks. At this point, it will support all significant infrastructure tools and integrations to power the major DeFi protocols. These integrations include APIs/indexers, multisig support, VRFs, oracles, and more.

About Arrington Capital

Arrington Capital is a digital asset management firm primarily focusing on blockchain-based capital markets.

Website | Twitter

About Moonbeam

Moonbeam is a fully Ethereum-compatible smart contract platform on Polkadot that prioritizes secure cross-chain interoperability.

Website | Twitter

SOURCE

https://moonbeam.foundation/news/arrington-capital-fund-moonbeam-ecosystem/

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