Aelf, a Layer 1 blockchain platform known for its high-performance and multi-sidechain technology that offers limitless scalability, has introduced the launch of aelf Ventures along with an aelf Ecosystem Fund worth $50 million.
This strategic move aligns with aelf’s core mission of fostering a highly efficient and interoperable future. It involves making significant investments in pioneering teams that are driving the transition from Web2 to Web3. The initiative is also designed to nurture innovative blockchain projects within both the aelf ecosystem and the broader multichain environment, as stated in a press release by Aelf Ventures.
Among its notable investments, Aelf Ventures has supported Crystal Fun, a decentralized Web3 game ecosystem with the goal of converting Web2 game enthusiasts into Web3 users through the provision of high-quality games. Additionally, it has invested in Mythic Protocol, a protocol dedicated to creating a unique collaborative entertainment experience that allows the community to contribute to and develop a shared universe.
Furthermore, Aelf Ventures has incubated various projects including Portkey, a social recovery account abstraction wallet; eBridge, a cross-chain bridge; Forest NFT Marketplace, a platform for trading non-fungible tokens (NFTs); Awaken Swap, a decentralized exchange (DEX); EWELL, an initial DEX offering (IDO) platform; and BeanGo Town, a casual NFT game.
Hazel Zhang, Head of Investments at aelf, emphasized the role of Aelf Ventures in guiding visionary minds and groundbreaking projects toward a decentralized Web3 era. Zhang’s statement underlined their mission to support founders who share their vision and to invest in individuals driven by passion and ideas that align with the essence of aelf.
Established in 2017 and headquartered in Singapore, aelf is an early innovator in the mainchain-sidechain architecture concept. Incorporating crucial foundational elements such as AEDPoS (Aelf’s variation of a Delegated Proof-of-Stake consensus protocol), parallel processing, peer-to-peer network communication, cross-chain bridges, and a dynamic side-chain indexing mechanism, aelf offers a highly efficient, secure, and modular ecosystem characterized by remarkable throughput, scalability, and interoperability.
