Aelf Debuts Singapore Hub with $50M Fund & $150K Grants

Aelf, a leading layer-1 blockchain network, has announced the opening of its new global hub in Singapore. This expansion is part of aelf’s ambitious strategy to support the growing developer ecosystem in the Asia-Pacific (APAC) region and beyond.
 
Aelf’s Strategic Location For A Strategic Move

Aelf, a prominent layer-1 blockchain platform, has unveiled its brand-new global center in Singapore, aimed at boosting the growth of the developer community in the Asia-Pacific region.
 
This strategic expansion highlights aelf’s dedication to enhancing both Web2 and Web3 developers. To this end, aelf has initiated an innovative program that provides up to $150,000 in grants for each Web2 gaming studio making the leap to Web3. Alongside this, the company has founded aelf Ventures, backed by a $50 million ecosystem fund, and is in the process of setting up a progressive, decentralized autonomous organization.
 
Located in Singapore’s financial hub, aelf’s new center aims to fast-track APAC developer growth and bring key blockchain partnerships. The office will be a focal point for launching various innovative initiatives:
 

• TMRWDAO: aelf is gearing up to introduce TMRWDAO, a decentralized autonomous organization (DAO) designed to bring together a diverse array of enterprises.
• Aelevate: The aelevate gaming program by aelf is designed to enable Web2 gaming studios to make a smooth transition into the Web3 arena. Through this initiative, aelf will offer grants of up to $150,000 per studio, along with comprehensive support to facilitate the integration of gaming experiences with the decentralized web.
• aelf Ventures: aelf has rolled out aelf Ventures, backed by a $50 million ecosystem fund, with the goal of investing in and developing projects that bridge the gap between Web2 and Web3. Additionally, the fund will support innovative blockchain projects within both aelf’s and other multichain ecosystems. aelf Ventures adopts a vertical and stage-agnostic approach, concentrating on both strategic and financial investments.

 

Source: Blockchain Reporter