Cardano Developer IOHK Launches $20M Fund for Ecosystem Startups
The cFund will invest anywhere between $250,000 and $500,000 into startups and small businesses using Cardano or IOHK tech initiatives.
Cardano builder IOHK said it is beginning to develop the code and does not expect to launch the project before 2022.
Rather than reinventing DeFi on a faster version of Ethereum, Cardano is doing something different, said COTI CEO Shahaf Bar-Geffen.
The launch, due in weeks, marks a first for the three-and-a-half year old Cardano network.
Infighting is hurting crypto, IOHK's Charles Hoskinson says, but he won't "apologize for kicking people in the teeth" on Twitter if someone is attacking Cardano or its community.
Charles Hoskinson, IOHK's CEO, will become an adviser to Wave Financial as part of the deal.
The blockchain center at the University of Wyoming will feature a Plutus development facility, providing blockchain developers with an applied laboratory for writing code in cardano's smart-contract language.