Bittime - Zignaly launches ZIGChain, a layer-1 blockchain integrated with the Cosmos network. The company also announced the creation of a $100 million fund to support the development of the ZIGChain ecosystem.
The fund is backed by DWF Labs, a digital asset market maker, and UDHC, a multi-stage Web3 investment firm.
Ecosystem Funding Announcement on Token49
Ziganaly has just announced the launch of its ecosystem fund on Token49 in Dubai. The fund was launched after the company obtained a crypto license in South Africa for the provision of optional financial services.
The team behind Ziganaly explains that the fund will focus on developing easy-to-use wealth-generating infrastructure for digital asset investors.
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Ziganaly Expands Asset Investment
Ziganaly itself has been known for its social trading platform that allows traders to imitate the strategies of professional traders.
With the launch of this ecosystem fund, Ziganaly expands its digital asset investment ecosystem and offers investors more options to grow their wealth.
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DWF Labs Leader Opinion
Andrei Grachev, Managing Partner of DWF Labs, expressed his vision for ZIGChain. This revolutionary platform is designed to empower developers by freeing them from complex wealth management tasks.
ZIGChain will form the leading user layer, where wealth managers act as a link between the protocol and its user base.
ZIGChain promises to transform the blockchain landscape by simplifying interactions and driving innovation in a decentralized ecosystem.
Zignaly Mission
Simplifying crypto investing for all users, as easy as pressing a button. Social investing, sometimes copy-trading, allows novice investors to profit by following the trades of professional investors.
Zignaly aspires to build a world where every individual, without exception with knowledge of digital assets, has access to participate in a decentralized financial system.
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Funding Expectations: Flexibility
Torben Jorgenson, UDHC partner and investor in Zignaly's funding round, explained that the wealth management layer on ZIGChain will provide an easy-to-use user experience.
This is possible by building wealth management services on top of various DeFi protocols, regardless of their complexity.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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