Humble DeFi and AlgoFund Form a Strategic Partnership to Accelerate Mutual Growth

Published in

Citrust Tea

2 min readOct 31, 2022

FOR IMMEDIATE RELEASE

DALLAS, Texas, October 31, 2022 — AlgoFund and Humble DeFi have signed an official letter of mutual intent, an opportunity that was made possible by the networking connections of the KryptoNurd team. This strategic partnership is founded on the idea that by joining forces and leaning into strengths, everyone benefits.

Joint activities already in the work include combined marketing efforts, cross promotion, advice sharing, and collaboration through regular meetings and work sessions. Of particular note for projects looking to launch will be special liquidity products and opportunities.

“Creating meaningful partnerships is pertinent to bringing growth across the Algorand ecosystem. With Algofund we are able to connect with upcoming projects to collaborate and provide support from the early stages,” said Andrew Kotulak, Director of Institutional Relations for Humble about the new arrangement.

Equally excited is Managing Partner of AlgoFund James Moran, who stated, “Partnerships allow the Web3 space to grow stronger. As we keep growing, a secure place for our clients’ liquidity is needed. After we handle the early stages of our clients’ growth, this partnership with Humble allows us to hand-off to a team we can trust with their later stage growth. This is really a win-win for everyone involved!”

AlgoFund recently became part of the KryptoNurd family of companies, after originally joining forces with Citrust in March of 2022. In addition to their own highly successful IDO, Algofund just had their first new project offering on the platform with the exciting new blockchain dating app, TruYou. Despite the tough market, the AlgoFund team helped TruYou raise over 80,000 ALGO and are eagerly anticipating the announcement of their next upcoming project.

AlgoFund and Humble are looking forward to working together to benefit both of their communities, along with new projects and investors. The Alogrand Blockchain currently has more than 900 projects being built and providing a portal for those projects is priority number one for all parties involved.