Zignaly Announces Support for New Cryptocurrency Chain, ZIGChain, with a $100 Million Ecosystem Investment
Zignaly Launches ZIGChain Blockchain on Cosmos Network
Zignaly, a pioneering digital asset investment platform, has announced the launch of its own layer-1 blockchain, ZIGChain, built on the Cosmos network. This move is part of the company's mission to make decentralized finance (DeFi) accessible to everyone, regardless of their digital asset knowledge.
The announcement was made at Token49 in Dubai, and the development of the ZIGChain blockchain network is backed by a $100 million ecosystem fund. DWF Labs, a prominent blockchain venture capital firm, led the round, with participation from UDHC. UDHC, like DWF Labs, also contributed to the fund.
Andrei Grachev, Managing Partner at DWF Labs, commented on the launch, expressing his confidence in Zignaly's vision. Torben Jorgenson, a partner at UDHC, highlighted the wealth-management layer within ZIGChain, which aims to provide a seamless user experience by building a wealth management service on top of any DeFi protocol, regardless of complexity.
The wealth-management layer within ZIGChain is designed to offer a truly effortless user experience, focusing on developing an easy-to-use wealth-generation infrastructure. This layer will act as a conduit between the protocol and its user base, allowing builders to focus on building while wealth managers manage the user relationships.
Zignaly, known for its social investing platform, promotes copy-trading, enabling novice investors to profit from professional investors' trades. With the launch of ZIGChain, the company is expanding its ecosystem of digital asset investing, aiming to simplify crypto investing, making it as easy as pressing a button.
In addition to the launch of ZIGChain, Zignaly has also secured a crypto license in South Africa for discretionary financial service provision. This move further solidifies the company's commitment to making DeFi accessible and regulated for a global audience.
DWF Labs, in addition to providing financial backing, also supports the development of the ZIGChain blockchain network through strategic investments and as a market maker, aiming to promote liquidity and growth of the network. With the launch of ZIGChain, Zignaly is set to revolutionize the world of DeFi, making it more accessible and user-friendly for all.
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