Cardano Secures $100,000,000 Investment To Rapidly Expand DeFi and NFT Solutions

Written By Guest User

The Cardano (ADA) ecosystem is getting a major investment from blockchain tech firm EMURGO. Read the full article by: Daily HODL staff

Key Points:

  • “EMURGO Africa aims to support more than three hundred regional startups through seed funding and incubation, to ultimately have Cardano’s blockchain adopted as the technological platform standard in Africa for socially impactful solutions.”

  • “EMURGO Ventures will focus on other developed markets to facilitate the building of solutions and services on Cardano with a capital allocation for seed investments into a variety of Cardano-focused startups and middleware solutions companies, including those building decentralized financial services (DeFi), non-fungible token (NFT) projects, blockchain developer education tools, and other decentralized applications.”

  • Cardanos partnership with Africa earlier this year was monumental on its own but now a large investment from Emurgo will give Cardano a jump start in competing with ETH.

  • This is great news for Cardano especially after the recent launch of their smart contract capabilities that would allow developers to deploy those DeFi apps and NFTs.

Guest User
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