EMURGO to invest $100m into Cardano ecosystem

A bundle of $100 notes.

EMURGO, a blockchain solutions company and the commercial arm of Cardano, plans to invest $100 million (£73m) into the network’s ecosystem.

In a tweet, the company said the funds will be used to “accelerate DeFi, NFT solutions and blockchain education".

The announcement came during the Cardano 2021 Summit on September 26.

EMURGO CEO Ken Kodama followed the announcement with another tweet, saying: “Please contact us if you would like to receive investment...