Investment firm Arrington Capital has set up a $100 million fund for Moonbeam, one of Polkadot’s parachains.
Moonbeam Foundation established in partnership with Arrington Moonbeam Growth Fund The fund will be used to support companies and protocols using the Moonbeam network.
The fund will support various projects operating in areas such as decentralized finance, marketplace, non-fungible token, gaming. The Arrington Moonbeam Growth Fund has already supported two projects Although announced, the names of these projects were not shared.
Moonbeam, which opened for use this January, hosts 100 projects, including those that have already been implemented or are preparing to be implemented. In this time that has passed, this network More than 6.5 million transactions was made and more than 5 thousand smart contracts were written.
Working in harmony with the Ethereum network, Moonbeam offers blockchain developers Decentralized applications that can be used on different blockchains at the same time provides the necessary facilities to create
Moonbeam received funding in both 2020 and 2021, and Arrington Capital was among the contributors to these funding. Arrington Capital, under its management More than $1.6 billion worth of assets it has.