Borderless Capital Launches $50 Million Wormhole Cross-Chain Ecosystem Fund

Wormhole announced its ecosystem plan consisting of three components: the Wormhole Accelerator, Cross-Chain Ecosystem Fund, and xGrant Program. Among them, Borderless Capital launched a $50 million Cross-Chain Ecosystem Fund for developing the next generation of Web3 applications. The Wormhole Accelerator Base Camp is a 12-week accelerator program aimed at projects, protocols, or startups that want to use Wormhole, and is operated by Outlier Ventures. Participating teams will receive up to $200,000 in funding. The Wormhole xGrant is open for applications and targets developers or teams.