Frictionless Capital announced that its Frictionless Fund I has raised 20 million dollars for investing in blockchain projects. The fund has received support from global institutions and funds such as Franklin Templeton Fund, Foundation Capital, Hutt Capital, Avalon Capital, Pure Crypto, as well as prominent investors like Marc Andreessen and Chris Dixon from A16z, Kelvin Liu from Invesco. Additionally, several cryptocurrency founders including Raj Gokal and Anatoly Yakovenko from Solana, Sergey Gorbunov and Georgios Vlachos from Axelar, Mo Shaikh and Avery Ching from Aptos, Kevin Sekniqi from Avalanche also support the fund. The fund has invested in multiple projects over the past year, including Backpack, DFlow, Andrena, and Kuzco.

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Odaily Planet Daily News Frictionless Capital announced that its Frictionless Fund I has raised 20 million US dollars to invest in high-performance blockchain and category-defining applications. Frictionless Fund I has received support from global institutions including Franklin Templeton and Foundation Capital, as well as funds such as Hutt Capital, Avalon Capital, and Pure Crypto. It has also garnered support from A16z's Marc Andreessen and Chris Dixon, Invesco's Kelvin Liu, and general partners of well-known cryptocurrency funds Multicoin, Framework, Coinfund, Big Brain Holdings, and AllianceDAO. Additionally, it has received support from several cryptocurrency founders, including Raj Gokal and Anatoly Yakovenko of Solana, Sergey Gorbunov and Georgios Vlachos of Axelar, Mo Shaikh and Avery Ching of Aptos, and Kevin Sekniqi of Avalanche. Other notable angel investors include Santiago Santos and Spencer Noon. The fund has made multiple investments in the past year, such as Backpack, DFlow, Andrena, and Kuzco.

Frictionless Capital raised 20 million dollars to invest in blockchain projects