Blockchain Founders Fund (BFF), a Singapore-based Venture Capital Fund, has partnered with an Ethereum scaling platform, Polygon, to diversify its holdings and foster the mainstream adoption of blockchain technology.
In a September 30 announcement, the venture capital fund confirmed its strategic partnership with Polygon. The Blockchain Founders Fund believes its new partnership will hasten blockchain development and foster mainstream Web3 adoption.
BFF And Polygon Integration
Blockchain Founders Fund is a venture capital fund featuring an impressive portfolio of more than 100 companies in the Metaverse space and a good track record of effectively scaling them to targeted audiences.
Some top-tier blockchain investments include blockchain-powered no-code gaming studio (GRID), social intelligence for digital assets (LunarCrush) and various other decentralized applications established on popular blockchain infrastructure.
Boasting more than 37,000 decentralized applications (Dapps), Polygon is rapidly becoming the preferred platform for Web3. The network supports various blue-chip services, from decentralized applications (Dapps) such as Aave and Uniswap to the best gaming metaverse platforms, including Decentraland and The Sandbox.
BFF Aims To Empower Metaverse Investors
Under the new partnership, the venture capital fund and Polygon network anticipate offering exceptional value prepositions to web3 founders and entrepreneurs with high potential to disrupt industries.
While commenting about the recent partnership with Blockchain Founder Fund, Sandeep Nailwal, the co-founder of Polygon, remarked:
“To bring the vision of Web3 to realization and help garner mainstream adoption, it’s vital that we support entrepreneurs in building innovative products and infrastructure. We look forward to working alongside Blockchain Founders Fund, who share our vision and believe in the transformative potential of Web3.”
It’s not the first time the two platforms are working together. Previously, the Blockchain Founders Fund and Polygon co-invested in top blockchain companies such as Splinterlands and Altered State Machine to accelerate and empower decentralized applications.
In January, the BFF teamed up with notable crypto investors such as NEO Global Capital (NGC), Appworks, Sebastien Borget, COO of The Sandbox, and Polygon co-founder Sandeep Nailwal, and raised $75 million. The BFF used these funds to support metaverse startups.
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