Crypto.com has revealed new EVM blockchain features that will help smart contracts and applications from other blockchains migrate to the Crypto.org ecosystem.

Particularly, during the following months, Crypto.com’s blockchain will reportedly enable initiatives designed upon Ethereum to transition over to its ecosystem, through Ethereum Virtual Machine (EVM) compatibility. 

The firm further offers details regarding an associated fund dedicated to supporting interesting projects.

As noted in a public statement from Crypto.com, the EVM functionality will reportedly be officially available across the Crypto.org blockchain, beginning July 14th, 2021. 

“EVM support will be implemented as a side-chain”. 

Crypto.com is reportedly an establishment gathering much attention throughout the crypto sphere at the moment, with its CRO asset secured ranking within the list of top 50 virtual assets, market cap-wise, on CoinMarketCap. 

Crypto.com reportedly started offering its services with its Crypto.org blockchain manner in March this year. 

Via bringing EVM to Crypto.org Chain, the firm is reportedly hoping to make its blockchain more versatile throughout a broader crypto ecosystem. 

“EVM support will allow for simple porting of apps from other chains, driving exponential ecosystem growth for Crypto.org, a fully decentralized, open-source, public chain with high speed and extremely low fees,” Crypto.com’s CEO and co-founder, Kris Marszalek, reportedly remarked. 

Apart from going public with the upcoming EVM feature, a new source of funding dedicated to industry startups was reportedly also made available, dubbed the CRO EVM Fund, catering to early-stage initiatives built on the Crypto.org blockchain.