Leading blockchains Polygon, Solana, and Algorand have announced a joint $50 million investment fund to support cross-chain projects. The fund, called the Wormhole Fund, will be used to invest in projects that are built on multiple blockchains.
The Wormhole Fund is a significant development in the cross-chain space. By investing in projects that are built on multiple blockchains, the fund will help to accelerate the adoption of cross-chain technology.
Cross-chain technology allows users to transfer assets and data between different blockchains. This can be a major benefit for users, as it allows them to access a wider range of dApps and services.
The Wormhole Fund is expected to have a major impact on the cross-chain space. By investing in projects that are built on multiple blockchains, the fund will help to accelerate the adoption of cross-chain technology. This will benefit users by giving them access to a wider range of dApps and services.
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