Interoperability is becoming one of the key topics in the blockchain ecosystem. Beyond developers, venture capitalists also seem to take this feature very seriously. Thus, it’s Master Ventures’ turn to assault the DeFi by investing in Polkadot (DOT).
30 million dollars to support Polkadot
Master Ventures is an Asian investment fund specializing in blockchain solutions, valued at more than one billion dollars. It has just announced the creation of a venture capital fund dedicated to the Polkadot ecosystem for an amount of 30 million dollars. Called Master Ventures Polkadot VC Fund, its objective is to support and finance projects built on the Polkadot network.
As a reminder, Polkadot is a network that allows various blockchains to interact with each other. The various blockchains in this network are called parachains.
According to the announcement, Master Ventures will take part in auctions held to allocate parachain slots on Polkadot and Kusama (the experimental Polkadot network).
“Master Ventures intends to capture significant growth opportunities by funding Parachain’s offerings and investing directly in the most promising projects in the evolving Polkadot/Kusama ecosystem.”Master Ventures announcement
More good news for Polkadot, which has just entered the fourth and final phase of its deployment. The project may well get a lot of attention if it manages to be deployed and functional before Ethereum 2.0.