Borderless Capital Launches $500M Algorand-Focused Fund

Borderless Capital Launches 0M Algorand-Focused Fund
Borderless Capital is launching a $500 million ALGO Fund II to help develop projects built on the Algorand blockchain, the company announced on Tuesday.The fund will invest in “digital assets powering the next generation of decentralized applications on top of the Algorand blockchain network,” including projects “to disrupt the creators economy with NFTs and initiatives that can increase capital in the ALGO DeFi ecosystem through liquidity mining, lending, borrowing and yield farming,” the company said in a press release.“It amazes us to see how the ecosystem has expanded since then, but we believe this is just the beginning and there…