The Cross-Chain Ecosystem Fund (”CCEF”) is focused on its mission to unlock the full potential of cross-chain interoperability. Our goal is to redefine the experience for both users and developers by enabling them to transcend the limitations of individual blockchain ecosystems. We are excited to see the increasing relevance of our Cross-Chain Ecosystem Thesis in recent months as we collaborate with new L1s, L2s, and institutions that have joined the Fund as LPs or co-investors in our latest deals.

Leading Crypto Teams and Investors Launch $50M Cross-Chain Fund powered by Wormhole - Decrypt

<aside> 🔥 Our latest Investments in Cross-Chain Builders

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Over the past quarters, we had the opportunity to meet with a number of incredible teams and builders. A few highlights from this recent cohort of investments include:

• Biconomy, a platform expanding mainstream applications leveraging account abstraction and modular web3 development.
• Delegate, a platform for delegating token rights while serving as a new programmable identity standard for users to securely manage all their tokens.
• Diva, an Ethereum liquid staking protocol powered by Distributed Validator Technology that aims to be the safest, most decentralized, and trustless LST solution.
• Grove, a blockchain data platform built on top of the decentralized Pocket Network, providing apps with reliable, performant, and cost-effective access to blockchain data.
• Linera, the most recent spin-off from the Libra/Diem project which is developing a new paradigm for elastic scaling on-chain execution called “microchains”.
• Movement Labs, which is building a cross-chain ecosystem for Move-based virtual machines that can plug in to any chain.
• Noble, which is building cross-chain asset issuance such as USDC for all IBC-based chains on Cosmos, including dYdX, Osmosis, and more.
• Pyth, the leading cross-chain oracle network, providing realtime, first party data feeds across web3.
• Tanssi, a new cross-chain network leveraging Polkadot 2.0 to make appchain development seamless and developer-friendly with its infrastructure and tools.