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The DEFI Alliance has announced the launch of its first Fund, DEFI Alliance Fund I, which aims to invest in dozens of startups each year

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The DEFI alliance hopes to expand DEFI to one billion users worldwide by 2025.

On February 26, DEFI Alliance (DEFI Alliance) announced the launch of its first Fund, Defi Alliance Fund I, which was founded by its members and co-led by founding partners and Mark Cuban. Participants in the alliance and fund include institutional market-making firms, Defi Capital and some investors. For example, Altonomy, Alameda, Parafi &NBSP; Capital and Multicoin Capital; 0X Labs, Blockstack, Solana and Terra agreements; And Amir Bandeali, Jack Herrick, Joseph Lubin, Kain Warwick, and Stani Kulechov.

See the table below for a detailed list:

The DEFI Alliance started as a simple project to connect DEFI start-ups with institutional market making companies to help channel liquidity and provide founders with valuable product feedback from professional users. Through initial work, DEFI Alliance members have found that to successfully achieve this goal, a network-alliance of stakeholders and advocates will be required to work together to overcome the major obstacles facing the DEFI project: institutional mobility, regulation, recruitment, and growth. Thus it was decided to launch Defi Alliance Fund I.

The fund aims to collaborate and broadly distribute funding across the DEFI startup ecosystem and adjacent industries, such as NFT. Dozens of early-stage startups will be invested each year, which will enable the DEFI alliance to formalize and promote the accelerator program. The DEFI alliance hopes to expand DEFI to one billion users worldwide by 2025.