Elrond ecosystem-focused crypto fund Skynet EGLD Capital has raised $40 million.
The fund will fund Elrond blockchain startups.
“Elrond’s blockchain architecture was designed from the ground up to go beyond the current scaling limitations of bitcoin or Ethereum. A fully licensed fund like Skynet can attract institutional capital and provide a new growth path for the Elrond network,” said Elrond co-founder and CEO Benjamin Mincu.
The Elrond Foundation, Morningstar Ventures, Spark Digital Capital, Woodstock, Verko and others have also invested in the fund.