• Home
  • News
  • AMA’s
  • Calendar
  • Tutorials
  • Videos
  • Advertising
  • Contact Us
  • Disclaimers
    • Careers
    • About BSCTimes
    • Privacy Policy
    • CCPA
    • DMCA
    • Terms of Use

Featured Articles

News

Robinhood Promotes Scam Token on BNB Chain

January 27, 2023By BSCTimes2 Mins Read
News

BUSD Sees Large Market Cap Decrease

January 26, 2023By BSCTimes2 Mins Read
News

Binance Holds User Funds and Reserve Tokens in Exchange Wallet

January 24, 2023By BSCTimes1 Min Read
News

Uniswap Poll Shows Overwhelming Support to Move to BNB Chain

January 23, 2023By BSCTimes2 Mins Read

Subscribe for Updates

Get the latest cryptocurrency news, information and updates.

Tuesday, January 31
Latest
  • Robinhood Promotes Scam Token on BNB Chain
  • BUSD Sees Large Market Cap Decrease
  • Binance Holds User Funds and Reserve Tokens in Exchange Wallet
  • Uniswap Poll Shows Overwhelming Support to Move to BNB Chain
  • Binance Makes Strict Rules for NFT Listings
  • Uniswap Voting to Deploy on BNB Chain
  • Anonymous Crypto Wallet Moves $50M of Ethereum to Binance
  • Universities in the Philippines to Offer Bitcoin and Crypto Services with Binance
  • Voyager Hoping to Expedite Binance Takeover
  • Binance Partners with Mastercard to Launch a Crypto Prepaid Card in Argentina
Twitter YouTube Reddit RSS
BSC🔶Times BSC🔶Times
Switch to PolygonTimes
  • Home
  • News
  • AMA’s
  • Tutorials
  • Token Prices
  • Get In Touch
    • About BSCTimes
      • Contact Us
      • Careers
    • Advertising
      • Press Kit
    • Publisher Center
      • Cart
      • Checkout
    • Disclaimers
      • Cookie Policy
      • Privacy Policy
      • CCPA
      • DMCA
      • Terms of Use
BSC🔶Times BSC🔶Times
Home»News»General Market News»Cardano Readies US$100M DeFi Fund—Priority Africa
General Market News

Cardano Readies US$100M DeFi Fund—Priority Africa

Ranjan YadavBy Ranjan YadavOctober 1, 20212 Mins Read
Emurgo
Share
Reddit Twitter Email Facebook

Cardano’s EMURGO to invest US$100 million to develop DeFi-based products

EMURGO’s CEIV for Cardano in Africa

Cardano’s official commercial (financial) arm EMURGO is set to invest US$100 million in developing DeFi-based products. Smart contracts’ integration into Cardano’s blockchain plus EMURGO’s new investment vehicle shall boost decentralized services’ innovation. These startups will be using and promoting the Cardano blockchain to develop their products. The objective is to promote Cardano blockchain as “the technological platform standard in Africa for socially impactful solutions.”

Emurgo Ptd. Ltd. shall spin two wholly-owned subsidiaries (EMURGO Africa, and EMURGO Ventures) to fulfil this objective. These subsidiaries will be developed as an investment vehicle, known as the Cardano Ecosystem Investment Vehicle (CEIV).

EMURGO Africa 

EMURGO Africa (EA) will be totally geared towards incentivizing the creation of startups via seed funding and incubation in the African region. EMURGO Africa has announced further two partnerships. Adanian Labs (a Cardano-specific African joint accelerator program) and Adaverse (an African venture builder) are EA’s new partners. Adanian Labs will support impact-driven startups with EA in Africa, to continent-wide boost the Cardano ecosystem.

EMURGO Ventures 

EMURGO Ventures (EV) will work towards developing markets to facilitate solutions and services building on Cardano. EV will set a capital allocation in the form of seed investments into various Cardano-specific startups and middleware solutions entities. Even those building DeFi and NFT projects, blockchain developer education tools, and other dApps will be catered. EMURGO Ventures’ debuting seed investment is for Milkomeda (a dcSpark sidechain project that would bridge Cardano and other L1 blockchain protocols, utilizing wrapped ADA (wADA) as an asset.

About EMURGO

EMURGO provides Blockchain Solutions globally. A multinational blockchain technology company, EMURGO offers tailored end-to-end solutions for developers, startups, enterprises, and governments.

Join @BSCTimes on Telegram
Cardano crypto DeFi DeFi Fund EMURGO EMURGO Africa EMURGO Ventures featured Featured Articles Priority-Africa

Related Posts

News

Robinhood Promotes Scam Token on BNB Chain

January 27, 2023By BSCTimes
Read More
News

BUSD Sees Large Market Cap Decrease

January 26, 2023By BSCTimes
Read More
News

Binance Holds User Funds and Reserve Tokens in Exchange Wallet

January 24, 2023By BSCTimes
Read More

Comments are closed.

en English
af Afrikaanssq Shqipam አማርኛar العربيةhy Հայերենaz Azərbaycan dilibe Беларуская моваbn বাংলাbg Българскиca Catalàzh-CN 简体中文zh-TW 繁體中文hr Hrvatskics Čeština‎da Dansknl Nederlandsen Englisheo Esperantotl Filipinofi Suomifr Françaiska ქართულიde Deutschel Ελληνικάgu ગુજરાતીht Kreyol ayisyeniw עִבְרִיתhi हिन्दीhu Magyaris Íslenskaig Igboid Bahasa Indonesiaga Gaeligeit Italianoja 日本語kn ಕನ್ನಡko 한국어ku كوردی‎lo ພາສາລາວla Latinlv Latviešu valodalt Lietuvių kalbalb Lëtzebuergeschmk Македонски јазикms Bahasa Melayuml മലയാളംmr मराठीmn Монголmy ဗမာစာne नेपालीno Norsk bokmålps پښتوfa فارسیpl Polskipt Portuguêspa ਪੰਜਾਬੀro Românăru Русскийsm Samoansr Српски језикsd سنڌيsk Slovenčinasl Slovenščinaso Afsoomaalies Españolsu Basa Sundasw Kiswahilisv Svenskata தமிழ்te తెలుగుth ไทยtr Türkçeuk Українськаur اردوuz O‘zbekchavi Tiếng Việtcy Cymraegyi יידישyo Yorùbázu Zulu

Featured Articles

News

Robinhood Promotes Scam Token on BNB Chain

January 27, 2023By BSCTimes
News

BUSD Sees Large Market Cap Decrease

January 26, 2023By BSCTimes
News

Binance Holds User Funds and Reserve Tokens in Exchange Wallet

January 24, 2023By BSCTimes
News

Uniswap Poll Shows Overwhelming Support to Move to BNB Chain

January 23, 2023By BSCTimes
BSC🔶Times
  • Homepage
    • News
      • AMA’s
        • Tutorials
  • BSCT Twitter
    • BSCT YouTube
      • BSCT Telegram
        • BSCT Reddit
          • BSCT Google News
  • Advertising
    • Publisher Center
      • Checkout
        • Cart
  • Disclaimers
    • Privacy Policy
      • Cookie Policy
        • Terms of Use
  • About BSCTimes
    • Contact Us
      • Press Kit
Copyright © Crypto Times Network 2023. All Rights Reserved.
BSCTimes.com | PolygonTimes.com

Type above and press Enter to search. Press Esc to cancel.