EMURGO Launches New $100 Million Cardano Ecosystem Investment Vehicle

2021-9-28 08:38

EMURGO Ptd. Ltd. – EMURGO, the official commercial arm of the Cardano blockchain, today announced the launch of a new Cardano ecosystem investment vehicle to invest into early startup and growth stage companies focused on building socially impactful solutions powered by Cardano.

As wholly-owned subsidiaries of parent company EMURGO Ptd. Ltd., this new Cardano investment vehicle will be composed of two separate entities, EMURGO Africa, and EMURGO Ventures, each with a distinct investment thesis.

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 set 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.

The integration of smart contracts into Cardano’s blockchain is now set to foster wide innovation of decentralized services and EMURGO’s new investment vehicle through these two entities will support this initiative.

As subsidiary entities of EMURGO – one of the founding members of Cardano – EMURGO Africa and EMURGO Ventures will leverage EMURGO’s deep experience in blockchain solutions deployment and global network of industry partners to provide strategic capital to its portfolio companies, helping to bolster the Cardano ecosystem.

Through its previous partnership with SOSV, EMURGO has made more than ten direct investments into blockchain startups, including API3 – a data service provider for blockchains that has garnered investment from major funds in the blockchain industry.

For its initial launch, EMURGO Africa has announced two major partnerships to rapidly expand the Cardano ecosystem in Africa and utilize the large business networks of its partners.

Adanian Labs, a venture building studio operator in Africa, will partner with EMURGO Africa to support impact driven startups expanding the Cardano ecosystem across the continent.

Adaverse, a Cardano-focused joint accelerator program in Africa with leading blockchain industry accelerator Everest Ventures, will also partner with EMURGO Africa.

For its initial launch, EMURGO Ventures has announced its first seed investment into Milkomeda – a dcSpark sidechain project bridging Cardano and other Layer 1 blockchain protocols that will utilize wrapped ADA (wADA) as an asset.

“We are more focused than ever on accelerating the development of Cardano’s 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,” said EMURGO CEO Ken Kodama.

Charles Hoskinson, CEO of IOHK, said: “EMURGO’s 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’s provably-secure technology.”

According to the 2021 Chainalysis Global Crypto Adoption Index, global cryptocurrency adoption has jumped over 880% and is skyrocketing, led by usage of DeFi platforms in emerging markets. It is noted that residents in these markets have increasingly utilized DeFi platforms as the main gateway to accessing cryptocurrencies due to a lack of access to centralized exchanges and traditional financial services.

Projects and companies interested in seed investments and partnerships may go to the respective websites above to apply.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 2.116 (-100%)

cardano emurgo vehicle ecosystem investment new blockchain

cardano emurgo → Результатов: 86


EMURGO releases new 3rd party developer toolbox for Cardano (ADA)

EMURGO releases new 3rd party developer toolbox for Cardano (ADA) - CryptoNinjas EMURGO, the official commercial arm of the Cardano blockchain, today announced it has developed and released Tangata Manu – a new fully open source codebase library for third-party developers and enterprises to create their own secure light wallets and explorers for Cardano ADA on internet browsers and mobile devices.

2019-9-18 17:39


Фото:

IOHK и Emurgo объявили о разрыве отношений с Cardano Foundation

Глава IOHK Чарльз Хоскинсон (Charles Hoskinson), который также является создателем Cardano, и CEO Emurgo Кен Кодама (Ken Kodama) объявили о разрыве отношений с Cardano Foundation. Причиной такого решения стала централизация управления организацией и невыполнение ею своих функций.

2018-10-14 15:30


Charles Hoskinson And Emurgo Assume Cardano Foundation Duties Following Project Break

On October 12, Cardano founder and chief executive officer of Input Output Hong Kong (IOHK) shared some major announcement on the future of Cardano Foundation. In a live stream video on YouTube and an open letter sent to the Cardano community, Hoskinson has announced that he and Emurgo will be breaking away with the Cardano […] The post Charles Hoskinson And Emurgo Assume Cardano Foundation Duties Following Project Break appeared first on ZyCrypto.

2018-10-14 23:47


Cardano Foundation осталось без двух ключевых партнеров. IOHK и Emurgo разрывают отношения

Глава компании IOHK Чарльз Хоскинсон и CEO Emurgo Кен Кодама опубликовали открытое письмо к сообществу, в котором сообщается о разрыве связей с Cardano Fondation. An Open Letter to the Cardano Community https://t.

2018-10-14 16:56


Состоялся релиз кошелька Yoroi для сети Cardano

Команда разработчиков кошелька Yoroi для криптовалюты Cardano (ADA) представила версию ПО для основной сети этой монеты. Today is a big day: we released Yoroi on the mainnet! Users can send, receive and store ADA on a web wallet that is fast and secure.

2018-10-1 12:37


Cardano CEO Announces Chrome Extension Wallet Called ‘Icarus’

The founder and CEO of Cardano, Charles Hokinson, has announced that Cardano has created a new internet-browser-extension wallet called Icarus. The third-party project is announced in partnership with Cardano’s Japanese supporting sub-division company, Emurgo, and aims to provide a smoother and more secure user experience for ADA token holders.

2018-8-15 00:27