EMURGO has announced that it will award the Cardano Network trade $ 100 million to a new investment vehicle for startups.
This new Cardano ecosystem investment vehicle will be available to startups and start-up companies and companies that are building solutions on the Cardano Network and have the potential for social impact. To this end, the organization has created EMURGO Africa and EMURGO Ventures, each with its own investment thesis. Charles Hoskinson, Cardano’s founder and IOHK CEO, said of this initiative:
“EMURGO’s investments will help shape the future of the Cardano ecosystem, a mature and diverse community with a growing network of smart contracting capabilities and partnerships around the world that provide social and financial services using Cardano’s secure technology.”
EMURGO In addition to supporting regional startups that need support to finance and incubate seeds in Africa, they will be positioned in Africa and encouraged to adopt Cardano as a new technological standard.
EMURGO Ventures, on the other hand, will focus on developed markets, focusing capital on investments grown in new projects to build projects related to DeFi, NFT, Blockchain Education and decentralized applications. Ken Kodama, CEO of EMURGO, mentioned efforts to expand the Cardano ecosystem:
“We are more focused than ever on accelerating the development of Cardano’s ecosystem with a rich mix of decentralized services to a growing community around the growing global chain chain. EMURGO is committed to meeting this demand. offering strategic “.
With the latest release of the new version of Alonzo, Cardano has shown increasing interest from developers who want to take advantage of its new smart contract Skills. This new EMURGO initiative will ensure that it promotes network innovation to enable entrepreneurs to launch their own startups and collaborate in network development.