Skynet EGLD Capital Fund Raises $40 Million to Invest in the Elrond Ecosystem

The investment fund focused on growing the Elrond network – “Skynet EGLD Capital” – raised more than $40 million to further accelerate the development of the ecosystem. The investment was led by Spark Digital Capital, Woodstock, Morningstar Ventures, and Verko. Binance Institutional, KuCoin, Huobi Group, and Bitmart also joined the funding round. Some of the proceeds have already been deployed in different Elrond projects such as Itheum and Maiar Exchange products.