A âdedicatedâ 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 worldâs fourth-largest blockchain.
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Announced during the Cardano Summit 2021 on Sunday, Emurgo CEO Ken Kodama said the investment would âaccelerate the development of the Cardano ecosystem.â
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âWe will create a dedicated operation from 2022,â said Kodama in atweetfollowing the announcement on Sunday.
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Emurgo is one of the founding entities of Cardano and provides solutions for developers, companies, and government.
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The investment arm alsoannouncedSunday it would be pouring additional funding into African artificial intelligence, blockchain, and smart technologies firm Adanian Labs.