According to official sources, cross-chain infrastructure Wormhole announced the launch of a $50 million cross-chain ecosystem fund. Any team that builds applications or infrastructure integrating the Wormhole cross-chain messaging protocol can apply for the fund.

The fund is managed and operated by Borderless Capital and has received support from many well-known blockchain protocols, infrastructure providers, and institutional investors, including Jump Crypto, Polygon Ventures, Aptos Labs, Solana Foundation, Algorand Foundation, GSR, and Arrington Capital, among others.