Venture capital fund Frictionless Capital announced that its fund Frictionless Fund I has raised 20 million dollars, which will be used to invest in high-performance blockchains and category-defining applications. The fund has received support from funds such as Franklin Templeton, Foundation Capital, Hutt Capital, Avalon Capital, Pure Crypto, as well as from a16z's Marc Andreessen and Chris Dixon, Invesco's Kelvin Liu, and general partners from Multicoin, Framework, Coinfund, Big Brain Holdings, and AllianceDAO. Frictionless Fund I has made multiple investments in the past year, including Backpack, DFlow, Andrena, and Kuzco.

Foresight News reported that the venture capital fund Frictionless Capital announced that its fund, Frictionless Fund I, has raised 20 million US dollars for investing in high-performance blockchain and category-defining applications. Frictionless Fund I has received support from funds such as Franklin Templeton, Foundation Capital, Hutt Capital, Avalon Capital, and Pure Crypto, as well as from Marc Andreessen and Chris Dixon of a16z, Kelvin Liu of Invesco, and general partners of Multicoin, Framework, Coinfund, Big Brain Holdings, and AllianceDAO. The fund has made multiple investments in the past year, including Backpack, DFlow, Andrena, and Kuzco.

Frictionless Capital raised 20 million dollars to invest in blockchain projects