Cardano (ADA) DeFi ecosystem gets a $100 million boost via EMURGO

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EMURGO, a blockchain solutions company and the commercial arm of Cardano, said it would invest over $100 million in the nascent Cardano DeFi ecosystem to help bolster user adoption and usecases. The announcement was made Sunday at the Cardano Summit 2021.

Just announced EMURGO to invest $100M in @Cardano ecosystem to accelerate #DeFi, #NFT solutions and #blockchain education! – EMURGO CEO, @KenKodama_Biz @emurgo_io#CardanoSummit2021 $ADA pic.twitter.com/Gx4fbw556x
— EMURGO (@emurgo_io) September 26, 2021

“EMURGO to invest $100M in @Cardano ecosystem to accelerate #DeFi, #NFT solutions and #blockchain education!,” the company quoted CEO Ken Kodama as saying. 
Kodama further stated, “Please contact us if you would like to receive investment funds, our network, information, and management support,” adding:
“We will create a dedicated operation from 2022.”
Cardano, and everyone, wants DeFi
DeFi—short for decentralized finance—is a financial ecosystem that relies on

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Źródło: https://cryptoslate.com/cardano-ada-defi-ecosystem-gets-a-100-million-boost-via-emurgo/

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