Emurgo invests $100 million in NFT, DeFi and Cardano blockchain education
Emurgo, the commercial and venture arm of Cardano, revealed during the weekend that it would invest $100 million into the blockchain. The funds would be used to enhance various aspects of the Cardano ecosystem.According to Emurgo, the funds would be used to boost the development of decentralized finance (DeFi) and non-fungible token (NFT) solutions on the Cardano blockchain. Furthermore, part of the funds has been earmarked to invest in blockchain education efforts for the Cardano ecosystem.
Emurgo CEO Ken Kodama announced this latest development at the Cardano Summit 2021 on Sunday. He stated that the investment would “accelerate the development of the Cardano ecosystem. We will create a dedicated operation from 2022.”
The competition in the DeFi and NFT space is getting stronger
Cardano’s latest investment is a sign that the competition within the NFT and DeFi space is getting stronger. Ethereum remains the leading NFT and DeFi blockchain in the world. However, it is facing tough competition from the likes of Solana and Cardano.100% Success Money Back Guarantee
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