Gate Ventures, Movement Labs, and Boon Ventures to Launch $20 Million Crypto Fund

Odaily News Venture capital firms Gate Ventures and Boon Ventures announced a partnership with Movement Labs to establish a new $20 million fund dedicated to investing in Web3 startups. The fund will develop protocols based on Move, especially applications that connect the Move network to Ethereum (EVM), including: GameFi dedicated to secure decentralized finance (DeFi) projects, in-game asset trading and non-fungible token (NFT) management, and interoperability solutions for data and asset transfers between the Move and EVM ecosystems. (Cointelegraph)