{"id":140411,"date":"2021-10-01T12:09:02","date_gmt":"2021-10-01T12:09:02","guid":{"rendered":"https:\/\/precoinnews.com\/?p=140411"},"modified":"2021-10-01T12:09:02","modified_gmt":"2021-10-01T12:09:02","slug":"100-million-fund-aims-to-accelerate-the-development-of-the-cardano-ecosystem","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/100-million-fund-aims-to-accelerate-the-development-of-the-cardano-ecosystem\/","title":{"rendered":"$100 Million Fund Aims To \u2018Accelerate the Development of the Cardano Ecosystem\u2019"},"content":{"rendered":"

The commercial arm of Cardano has announced the launch of a $100 million fund that will \u201cinvest into early startup and growth stage companies focused on building socially impactful solutions powered by Cardano.\u201d<\/p>\n

EMURGO, which was founded in 2017, is \u201ca global blockchain technology company providing solutions for developers, startups, enterprises, and governments\u201d; and it \u201cdevelops enterprise-grade applications, builds developer tools, invests in startups, and provides blockchain education.\u201d The company has \u201coffices and manages projects in Singapore, Japan, the USA, India, and Indonesia.\u201d<\/p>\n

In a press release issued on September 27, EMURGO, which is better known as \u201cthe official commercial arm of the Cardano blockchain\u201d, announced that this new Cardano investment vehicle will be \u201ccomposed of two separate entities, EMURGO Africa, and EMURGO Ventures, each with a distinct investment thesis.\u201d<\/p>\n

EMURGO Africa has already announced \u201ctwo major partnerships to rapidly expand the Cardano ecosystem in Africa and utilize the large business networks of its partners.\u201d<\/p>\n

As for EMURGO Ventures, it has has announced \u201cts first seed investment into Milkomeda \u2013 a dcSpark sidechain project bridging Cardano and other Layer 1 blockchain protocols that will utilize wrapped ADA (wADA) as an asset.\u201d<\/p>\n

EMURGO CEO Ken Kodama had this to say:<\/p>\n

\u201cWe are more focused than ever on accelerating the development of Cardano\u2019s ecosystem with a rich mix of decentralized services catering to a global community that is increasing in overall blockchain awareness. EMURGO is dedicated to meeting this demand by providing the capital and strategic resources necessary for our portfolio companies to scale rapidly and bring new solutions to Cardano.<\/em>\u201c<\/p>\n

And Charles Hoskinson, Co-Founder and CEO of IOHK, said:<\/p>\n

\u201cEMURGO\u2019s investments will help to shape the future of the Cardano ecosystem, a maturing network with a creative and diverse community, growing smart contract capabilities and partnerships across the globe that provide social and financial services utilizing Cardano\u2019s provably-secure technology.<\/em>\u201c<\/p>\n

Disclaimer<\/h2>\n

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The commercial arm of Cardano has announced<\/p>\n","protected":false},"author":3,"featured_media":140410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n$100 Million Fund Aims To \u2018Accelerate the Development of the Cardano Ecosystem\u2019 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/100-million-fund-aims-to-accelerate-the-development-of-the-cardano-ecosystem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$100 Million Fund Aims To \u2018Accelerate the Development of the Cardano Ecosystem\u2019 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The commercial arm of Cardano has announced\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/100-million-fund-aims-to-accelerate-the-development-of-the-cardano-ecosystem\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-01T12:09:02+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/10\/100-Million-Fund-Aims-To-\u2018Accelerate-the-Development-of-the-Cardano-Ecosystem.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/100-million-fund-aims-to-accelerate-the-development-of-the-cardano-ecosystem\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/100-million-fund-aims-to-accelerate-the-development-of-the-cardano-ecosystem\/\",\"name\":\"$100 Million Fund Aims To \u2018Accelerate the Development of the Cardano Ecosystem\u2019 - 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