Finance News
By Steven Anderson
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As opposed to doing something different about DeFi by creating a faster version of Ethereum, Cardano did something different.
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There is something called the cFund, which is the Cardano Ecosystem Venture Fund, who earlier announced their first VC investment in COTI.
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For those who are new to the term equity, “Equity represents the value that would be returned to a company's shareholders if all of the assets were liquidated and all of the…
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For clarity, cFund is managed by California-Regulated Wave Financial and anchored by IOHK. IOHK is led by Charles Hoskinson, who is the founder of Cardano.
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Charles Hoskinson, previously stated, “We have tremendous respect for the COTI team and we are excited to deepen our relationship with this investment.
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This investment has happened before the launch of their smart contract. COTI are focused on creating native payment solutions.
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We can expect to see lot of financial applications on the ADA. Several other projects who are working within the Cardano Ecosystem might benefit from the cFund in the future.
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Recently, IOHK Media expressed, we're announcing our partnership with Ethiopia's Ministry of Education to create a blockchain-based national ID and attainment recording system.
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IOHK understands the importance of facilitating equal opportunity to innovate, to grow, and to thrive. The live Africa Special Event is scheduled for April 29, 2021 UTC.
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Cardano Community hopes to help change the lives of so many in the world and many of them are grateful to be a part of it.
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Nothing escapes the eye of a critic who stated: “Hope this Africa topic isn’t overhyped.
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