Cake DeFi Commits $100 Million To Web3 And Fintech Development Through Its Co...

Cake DeFi seeks to strengthen its position in the DeFi and Web3 world. The team will invest up to $100 million into startups and promising projects through its new corporate venture arm. It is a substantial move by the regulated global fintech platform, confirming the need for better industry infrastructure. Cake DeFi Goes The Extra Mile Getting more people into the cryptocurrency fold remains one of the biggest industry channels. Yet, despite growing mainstream and institutional interest, decentralized finance and Web3 remain in the early stages of development. The Cake DeFi team makes....

Cake DeFi Ventures will fund crypto startups across Web3, the Metaverse, the NFT space, gaming, esports and fintech spaces that complement the company’s core business. Singapore-based decentralized finance (DeFi) services firm Cake DeFi announced the launch of a $100 million venture arm dedicated to serving as accelerators for Web3, gaming, nonfungible tokens (NFT) and other crypto initiatives.The newly launched $100 million venture arm, Cake DeFi Ventures (CDV), will fund crypto startups that complement the company’s core business. According to Cake DeFi, the venture firm “will be focused....

In this week's DeFi newsletter, we will look at the Andre Cronje debacle, the Polygon upgrade, the rise of ThorChain and the growing value of the DeFi ecosystem with synthetic assets. The decentralized finance (DeFi) ecosystem had quite an eventful week with several new developments and price action. The week started with DeFi “Godfather” Andre Cronje announcing his departure from most of his projects, leading to a massive drop in prices of projects that Cronje was associated with.CAKE DeFi launched a new $100 million venture fund to support Web3 initiatives, ThorChain spiked over 34%....

The Pancakeswap token (CAKE) has been one of those cryptocurrencies that have been steadily growing in the background. The popularity of the decentralized exchange (DEX) contributed tremendously to its rise until it took a hit in the bear market like other digital assets. However, a new development has opened up new promises as millions of CAKE tokens have been removed from circulation. 7 Million Burned CAKE  A scheduled burn had seen millions of CAKE tokens taken out of circulation. Pancakeswap announced the burn on Twitter with figures showing that a total of 7,123,715 CAKE had actually....

Razer’s rewards program is partnering with Cake DeFi to allow gamers and customers to redeem points for DeFi tokens. Gamers and customers of IT and gaming hardware firm Razer are set to plug into the world of decentralized finance (DeFi) through a new rewards swap program in partnership with Cake DeFi.Razer remains a household favorite brand for gamers around the world, with its Razer Gold rewards program allowing gamers to earn and redeem Razer Silver points for a variety of hardware and digital rewards, including Steam games and discount vouchers.Cake DeFi has teamed up with the rewards....