Capital venture firm Borderless Capital has launched $500 million funds to support projects building on the Algorand blockchain. According to the announcement, the Borderless ALGO Fund II aims to back digital assets powering the “next generation” of decentralized applications (DApps) on Algorand. In addition, the firm is looking at opportunities to “disrupt the creators economy” with NFTs while accelerating funding growth into Algorand’s DeFi ecosystem.