Gate Ventures and Boon Ventures will collaborate with Movement Labs to establish a $20 million cryptocurrency fund

ChainCatcher news, according to Cointelegraph, venture capital firms Gate Ventures and Boon Ventures have announced a partnership with Movement Labs to establish a new $20 million fund that will invest in Move ecosystem projects, including DeFi, GameFi, and interoperability solutions for data and asset transfer between the Move and EVM ecosystems. Startups supported by this initiative will also participate in its mentorship program and hackathons, and have the opportunity to join the blockchain interoperability research grant program.