Polygon Partners With Blockchain Founders Fund to Empower Web3 Entrepreneurs

Polygon’s investment in BFF’s Fund II will accelerate blockchain development and encourage widespread adoption

SINGAPORE, September 30, 2022 /PRNewswire/ — Blockchain Founders Fund (BFF)a SingaporeVenture Capital Fund, which focuses on early-stage blockchain and Web3 startups globally, today announces that Polygonan Ethereum scaling platform bringing millions onto Web3, has made a strategic investment in its Fund II to diversify the company’s holdings and advance the mainstream adoption of blockchain technology.

Blockchain Founders Fund has an impressive portfolio of over 100 companies in the Web3 space with an equally impressive track record of effectively scaling them to targeted audiences. These companies include blockchain-powered no-code game studios (GRID), social intelligence for cryptocurrencies (LunarCrush), and various other applications built on top of the blockchain infrastructure.

Fund II, which focuses on promising startups from the Web3 and metaverse, was launched in January after raising $75 million from a host of leading crypto investors. Participating investors included NEO Global Capital (NGC), Appworks, sebastien borgetCOO of The Sandbox and Co-Founder of Polygon, Sandeep Nailwal.

This latest partnership marks another successful collaboration between BFF and Polygon. Previously, BFF has co-invested with Polygon in major blockchain companies such as splinterlands Y altered state machine to speed up and power decentralized applications. This collaboration will allow both companies to deliver exceptional value propositions to web3 founders and entrepreneurs with high potential to disrupt industries.

Sandeep Nailwalco-founder of Polygon, said: “To realize the vision of Web3 and help gain widespread adoption, it is vital that we support entrepreneurs in building innovative products and infrastructure. We look forward to working together with the Blockchain Founders Fund, who share our vision.” and believe in the transformative potential of Web3″.

With just over 37,000 decentralized applications (dapps), Polygon is quickly becoming the de facto platform for Web3. The network offers a variety of top-tier services ranging from decentralized finance (DeFi) dapps such as Aave, Curve, Balancer, and Uniswap, to top gaming and metaverse platforms including Decentraland, Somnium Space, and The Sandbox. Polygon also drives the mass market, helping leading global brands including Starbucks, Adobe, Clinique and others integrate Web3 functionality.

“Adding one of the largest crypto firms such as Polygon as a partner will broaden our investment profile and ability to invest in a broader range of early-stage companies,” he commented. Aly Madhavji, managing partner of the Blockchain Founders Fund. “His industry experience will go a long way in helping us connect with the best generation of high-potential companies that are creating real solutions for real problems.”

About Polygon

Polygon is the leading blockchain development platform offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products gives developers easy access to leading scaling solutions, including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, standalone and enterprise chains, and data availability. Polygon scaling solutions have seen widespread adoption with more than 37,000 hosted decentralized applications, more than 1.94 billion total transactions processed, more than 164 million unique user addresses, and more than $5 billion in secured assets. The network hosts some of the largest Web3 projects, such as Aave, Uniswap, OpenSea, and well-known companies, such as Meta, Stripe, and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem to become carbon negative.

About Blockchain Founders Fund

Blockchain Founders Fund (BFF) it’s a Singapore Early-stage venture capital fund that invests in top-tier Blockchain startups globally. Its industry-leading, marketing-focused Venture program assists seasoned and first-time entrepreneurs in key business roles to accelerate growth. BFF has scaled many of the top Blockchain startups and is always looking to connect with exceptional founders in the Web3 and Blockchain ecosystems.

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SOURCE Blockchain Founders Fund