Axelar Launches $60 Million Startup Funding Program

The proof-of-stake (PoS), blockchain Axelar has established a $60 million startup investment program to accelerate the creation of decentralized apps and protocols that could replace centralized exchanges. Dragonfly and Blockchange are among the investors. Chorus One and Collab+Currency are also among them. Polygon, Circle and Osmosis are partners in development. The Axelar Ecosystem Startup Funding Program provides a link between new developers who create interchain dApps using the netwwork’s infrastructure and investors who share the same goal. Axelar’s co-founder, Sergey Gorbunov, stated:
“Recent innovations on decentralized Web, including digital art and market infrastructure, have sparked speculation, but centralized services have been the victims – with disastrous consequences.” Axelar Ecosystem Startup Funding Program will support a new generation Web3 startups, which are poised for change with the investment partners of its investment partners.
Axelar provides secure interchain communication. dApps allow users to interact with any asset or app running on any chain in a single click. It can be compared with Stripe for Web3. A permissionless network that uses proof-of-stake consensus to route messages and maintain network security is used by developers.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: AxelarCircleDAppsOsmosisPolygonWeb3