Movement Labs, Gate Ventures and Boon Ventures forge strategic alliance to champion next-gen, Move-based blockchain projects
Parth
Tech News
1 min read

Gate Ventures, Movement Labs, and Boon Ventures Launch $20M Fund to Accelerate Web3 Innovation

The fund will concentrate on four key areas:

  1. Accelerating the adoption of Move-based blockchain solutions
  2. Enhancing security and performance in decentralized networks
  3. Supporting projects that bridge Move and EVM ecosystems
  4. Driving innovation in Web3 infrastructure and applications

“This $20 million fund marks a significant milestone in our mission to drive forward-thinking solutions in the Web3 ecosystem,” said Kevin Yang, Managing Partner at Gate Ventures. “By collaborating with Movement Labs and other visionary projects, we’re paving the way for the future of decentralized technology.”