June 25, 2024

Digital Finance Group will allocate $ 20 million for the development of Polkadot

Digital Finance Group will allocate $ 20 million for the development of Polkadot

Funding for the Polkadot ecosystem was supported by the venture capital fund Digital Finance Group (DFG).

James Wu, investor and founderDigital Finance Group believes that innovativePolkadot's approach to combining private and public blockchains, oracles and other high-tech solutions can ensure mass adoption of blockchain technology. 

The Foundation will support the development of applications for the Polkadot ecosystem and will contribute to its growth.

Digital Finance Group will allocate $ 20 million for the development of Polkadot

Digital Finance Group will allocate $ 20 million for the development of Polkadot

According to Wu, Polkadot has three main advantages: 

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  1. Polkadot joined an already strong and mature market, having managed to attract experienced and knowledgeable investors.&nbsp;
  2. Polkadot's application architecture protects the ecosystem from compatibility and scalability issues that earlier projects such as Ethereum could not avoid. &nbsp;
  3. Polkadot's focus is on the interoperability of different blockchains rather than application integration.

Digital Finance Group (DFG) &#8211;an institutional venture company that actively supports the development of blockchain. The company has already invested more than $550 million in blockchain projects, including &nbsp;Cosmos, Ethereum Classic, Ethereum, Near, Solana and Avalanche.&nbsp;

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