Morningstar Ventures Commits $15 Million To Invest in Projects Building on Elrond Network and Opens an Elrond Incubator in Dubai

Morningstar Ventures Commits $15 Million To Invest in Projects Building on Elrond Network and Opens an Elrond Incubator in Dubai


October 13, 2021 – Dubai, UAE

Morningstar Ventures, the dynamic accelerator of ambitious ideas in the blockchain space, has announced a $15 million investment fund aimed at projects building with Elrond blockchain technology, as well as a new strategic Elrond incubator in Dubai.

Morningstar Ventures is a blockchain innovation firm that drives the proliferation of decentralized technologies through strategic placements in startups that it supports with funding, advisory and ecosystem building.

Elrond Network is the internet-scale blockchain that is currently capable of processing 15,000 transactions per second and can scale beyond 100,000 TPS, thanks to its groundbreaking ‘adaptive state sharding technology’

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