Sirlibz
The technology company behind Cardano (ADA) IOHK in partnership with Los Angeles based Wave Financial has set up a $20M development fund termed “cFund”. The press release was made on the 2nd of July 2020.
The funds will be provided to new startup companies and projects building on Cardano’s ecosystem. Investments to be made on these start-ups would range from a total of $250,000 to $500,000.
Other developments
Cardano (ADA) launched it’s Shelly Mainnet on June 30th and since then Shelly has been live. It will be accessible for public use on the 7th of July, ADA holders can then move their funds to supported Mainnet wallets.
IOHK also launched ATALA PRISM, a decentralized identity system which aims at delivering one of the most set out goals of blockchain : “banking the unbanked”. Anyone with the mobile app will have access to Decentralized Finance (DeFi) services and Flash loans. Those without access to bank accounts will own “self-sovereign identities”.
