Frictionless Capital has raised $20 million to invest in high-performance blockchain and other projects

BlockBeats reported that on July 10, according to official news, Frictionless Capital announced that it had raised $20 million in funds to invest in projects such as high-performance blockchains. It is reported that the fund has made a number of investments in the past year, including Backpack, DFlow, Andrena and Kuzco.

It is reported that Frictionless Fund I has received support from some of the world's top institutions, including Franklin Templeton and Foundation Capital, as well as mother funds such as Hutt Capital, Avalon Capital and Pure Crypto.