27/09/2021 Cardano’s Commercial Arm to Invest $100M in DeFi, NFTs and Blockchain Education
A “dedicated” operation will commence next year to further DeFi, NFT solutions and blockchain education efforts.
Emurgo, the commercial and venture arm of Cardano, is investing $100 million to boost decentralized finance (DeFi), non-fungible token solutions and blockchain education efforts for the world’s fourth-largest blockchain.
Announced during the Cardano Summit 2021 on Sunday, Emurgo CEO Ken Kodama said the investment would “accelerate the development of the Cardano ecosystem.”
“We will create a dedicated operation from 2022,” said Kodama in atweetfollowing the announcement on Sunday.
Emurgo is one of the founding entities of Cardano and provides solutions for developers, companies, and government.
The investment arm alsoannouncedSunday it would be pouring additional funding into African artificial intelligence, blockchain, and smart technologies firm Adanian Labs.
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