Gate Ventures and Boon Ventures have announced a $20 million fund with Movement Labs to accelerate Web3 innovations.
Focus Areas of the Fund
The fund will be allocated to four main focus areas: Move-based blockchain solutions, interoperability between Move and EVM, decentralized networks, and Web3 infrastructure.
A Combination of Expertise
Each partner brings a distinct contribution: Gate Ventures offers global Web3 investment experience, Boon Ventures supports innovative startups, and Movement Labs specializes in Move-based blockchain technology.
Key Initiatives to Drive Progress
The fund will support initiatives such as global hackathons, mentorship programs, research grants, and thought leadership summits aimed at driving innovation in Web3.
The Gate Ventures and Boon Ventures fund with Movement Labs will serve as a catalyst for startups utilizing Move technology, helping to accelerate the future of decentralized technologies.