Borderless Capital has launched a $50 million Latin America fund aimed at supporting Web3 innovation projects in the region. The fund will focus on promoting the development of blockchain and decentralized technologies in Latin America. Ariel Muslera from Borderless Capital stated that the fund will provide funding to startups, helping them grow and expand within the Web3 ecosystem. Matias A., the Director of Finance and Investment at Avalanche Foundation, was also involved in this announcement, stating that Avalanche will assist Latin American Web3 projects through collaboration and technical support, providing more resources and opportunities for innovative companies in the region.