Cardano to Invest $100 Million to Fund Decentralized Finance Projects
Emurgo, the financial arm of leading cryptocurrency project Cardano, has announced it will invest $100 million in the development of decentralized finance-based products for the ecosystem. The company will spin two subsidiaries for this task, with one being fully dedicated to incentivizing the creation of Africa-based startups that use the Cardano blockchain in the development of their products. Cardano to Push Ecosystem With $100 Million Emurgo, the financial arm of Cardano, is planning to kickstart the development of Cardano-related products by directing $100 million to two....
Related News
Crypto fund DragonFly Capital announced the launch of a new $225 million fund to invest in projects across the crypto space. Following the success of the original $100 million fund kickstarted in late 2018, the Dragonfly Fund II will target four potential areas: decentralized finance (DeFi) protocols, non-fungible token projects, Ethereum Layer 2-based businesses, and centralized finance (CeFi) platforms. The San Francisco-based venture capital fund have been early backers of notable projects such as ByBit, […]
Decentralized finance (DeFi) has become an increasingly important addition to the Cardano network following the launch of smart contracts capability. Developers have been working since the Alonzo hard fork to bring their DeFi solutions to the ecosystem. But with decentralized finance already underway on blockchains such as Ethereum and Solana, Cardano has had to play catch-up with these other networks. This is why the recent announcement from EMURGO carries significant connotations for the future of DeFi on the network. EMURGO, which is the commercial arm of the Cardano Foundation, has....
Many blockchains have gained traction in the world of decentralized finance. Although Cardano is not often mentioned in this context, that situation may come to change soon. Decentralized smart order routing engine deFIRE has completed its $5 million pre-IDO funding round. Building The Cardano DeFi landscape At its core, the Cardano ecosystem lends itself well […]
Cardano has announced that it is doubling its bug bounties for hackers who find and report vulnerabilities on the network. Bug bounties are not a new thing and all projects offer it in one form or another. However, with the accelerated pace of exploits in the decentralized finance (DeFi) space, projects like Cardano are trying […]
Targeting a hard cap of $100 million, the OP FoF I fund is expected to close by the end of Q3, OP Crypto’s COO Lucas He said. OP Crypto, a cryptocurrency venture capital firm founded by former Huobi executive David Gan, is launching a new fund to support emerging fund managers focused on early-stage crypto investments.Named “OP Funds of Funds I,” the fund has secured $50 million in commitments from major companies like FTX’s investment subsidiary LedgerPrime and FJ Labs.The OP FoF I will target a hard cap of $100 million, with founders planning to close out the fund by the end of Q3, OP....