Cardano's Founding Entity Emurgo to Invest Over $200 Million to Boost Ecosystem

Cardano's founding entity Emurgo to invest over $200 million to boost ecosystem. The funds, which are from Emurgo’s own capital, will be provided to projects directly building atop Cardano and to projects from other networks that build products that integrate Cardano’s network alongside their own. Founder Kodama said $100 million will be earmarked for investments in Africa under Emurgo’s African investment initiative. He explained that a key growth driver in the region was the use of lending and borrowing crypto services meant for daily life, as opposed to speculative purposes.