Ethereum Competitor Becomes Focus of Crypto Firm's New $500,000,000 Investment Fund

A Miami-based venture capital (VC) firm is investing $500 million into an Ethereum (ETH) competitor's ecosystem. Blockchain VC firm Borderless Capital says the investment will go towards digital assets powering decentralized applications (DApps) built on Algorand (ALGO), a payments and decentralized finance (DeFi)-focused blockchain network. Borderless Capital previously launched a separate ALGO fund in 2019 The post Ethereum Competitor Becomes Focus of Crypto Firm's New $500,000,000 Investment Fund appeared first on The Daily Hodl.

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