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Harmony Announces $300 Million Ecosystem Fund, Rallies by 100% - Financial Markets Worldwide

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8c3937d6a805c13b705e3d5d49b26e19Cryptocurrency33 minutes ago (Sep 13, 2021 04:00AM ET)

Harmony Announces $300 Million Ecosystem Fund, Rallies by 100%

  • Harmony recently announced a $300 million fund to expand its ecosystem
  • Upon the announcement, ONE price rallied by more than 100%
  • The fund aims to empower 10,000 crypto founders, builders, and creatives

Ecosystem building seems to be becoming a trend in the market as many projects are launching multi-million funds with the goal of encouraging developers and investors to take their projects into the layer-2 ecosystem.

One of the most recent projects to jump on board the trend is Harmony (ONE). The project is a blockchain protocol with a 2-second finality. Aside from this, the project offers cross-chain bridges to layer 1 protocols like BTC, DOT, and BSC.

The project recently announced a $300 million fund aimed at expanding its ecosystem. Through the fund, the platform aims to enable 10 thousand crypto founders, builders, and creatives. After the announcement, the platform’s native token ONE rallied by more than 100%.

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