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New $60M web3 Fund From Axelar Offers Close Support From Circle, Polygon

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The interchain communication protocol, Axelar, has announced a $60M funding program to drive innovation for web3 startups building during the bear market.

“The Axelar Ecosystem Startup Funding Program is designed to nurture a pipeline of developers building Web3 products that rival anything on the centralized web.”

The announcement revealed that the fund is backed by “crypto-native investment firms” including Blockchange, Chorus One, Collab+Currency, Cygni Capital, dao5, DCVC, Divergence Ventures, Dragonfly Capital, Lemniscap, Morningstar Ventures, Nima Capital, Node Capital, North Island Ventures, Rockaway Blockchain Fund, SCB 10X and others.

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