P2 Ventures, an investment firm specializing in cryptocurrency, announced the creation of a $50 million fund to foster development in the Polygon network. As stated in a recent press release, this financial resource will primarily benefit startups creating groundbreaking apps on the Polygon platform. The Hadron Founders Club (Hadron FC), P2 Ventures’ founder program, will manage these funds. Established in March 2024, Hadron FC currently has locations in Dubai and New York, focusing on nurturing early-stage crypto companies within the Ethereum ecosystem.
36 Crypto Projects Selected to Participate in Hadron FC
Startup businesses utilizing the Polygon platform will need to apply through Hadron FC for a chance at securing $50 million in investment. This program offers guidance from mentors, legal and regulatory advice, access to valuable industry connections, and extensive resources to assist in overcoming the challenges of startup growth and fundraising.
To date, P2 Ventures has invited 36 projects to join the Hadron FC program’s beginning phase. The founders of some of these projects will take part in a one-week on-site collaboration session at the Dubai facility for intensive project development.
Shreyansh Singh, the investment lead at P2 Ventures, expressed confidence in Hadron Club by investing in the company, demonstrating their belief in Hadron Club’s exceptional capacity to support innovative founders thriving within the Polygon community.
Polygon Adoption Fund
At the same time, P2 Ventures introduced their investment funds, as Polygon gained renewed interest due to the market recovery from a two-year slump. This layer-2 scaling platform, which aims to enhance Ethereum’s scalability issues, has been garnering substantial notice from venture capitalists and asset managers alike.
In March, Nomura’s Japanese subsidiary introduced an institutional investment fund named the Laser Digital Polygon Adoption Fund. This new fund enables investors to gain access to the Polygon blockchain network.
“Institutional investors can now invest in Polygon-Matic digital assets through a safe and streamlined process, according to the company.”
Around the beginning of this month, Franklin Templeton’s asset management team took notice of Polygon. Their intention is to broaden their US government money fund’s reach by integrating it with the Polygon network.
Polygon Labs teamed up with Immutable, a blockchain development firm, for a planned fundraising round of $100 million.
The Inevitable Games Fund (IGF), a new investment vehicle in its initial development, has managed to secure $30 million from institutional backers. This amount is earmarked for bolstering Web3 gaming businesses and fostering growth within the ecosystem.
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2024-04-17 18:38