en
Back to the list

COTI announces ecosystem fund COTI Ventures

Altcoins

invezz.com 22 March 2022 13:50, UTC
  
Reading time: ~2 m

COTI Network, a blockchain-based payments network seeking to help the crypto ecosystem address challenges of both centralised and decentralised finance, has launched an ecosystem fund dubbed COTI Ventures.

Led by COTI CFO Yair Lavi, the fund is aimed at investments in and around the COTI ecosystem.

According to details shared with Invezz on Tuesday, the fund will comprise an initial capital injection of $10 million. The venture arm will look to capitalise on the potential for massive growth on COTI, especially around investments in equity and tokens.

The fund’s team will consist of expert analysts and top researchers, whose roles will include unearthing interesting early-stage startups for investment. The projects identified will mainly be focused on solutions targeted at the COTI ecosystem, the platform noted in an announcement.

Investing in projects with strong teams and clear roadmaps

COTI Ventures will look to collaborate with and invest in strong, experienced founding teams. Strategic partnerships will also be sealed with projects deemed to have robust business plans, great products and a quick roadmap to launch.

The new fund offers an opportunity for COTI to join big-money investors such as a16z, Sequoia, Bain and Bessemer. These investors already have dedicated funds aimed at Web3 and blockchain projects, a venture Lavi said COTI seeks to emulate.

Notably, the fund has already invested in the Cardano-based decentralised exchange (DEX) platform WingRiders. The platform’s recent funding round led by cFund and Longhash attracted COTI and other investors.

AdaSwap is another project to benefit from the COTI Ventures during its $2.6 million funding round led by Hollywood star Gal Gadot.

Partnerships with WingRiders and AdaSwap, as well as other projects like DEX protocol Cardax and lending platform Liquid Finance, come with integration for Djed (COTI’s native stablecoin). 

The deals have opened up Djed’s liquidity across the DeFi ecosystem as more traders look to benefit from COTI Network’s scalable, high-performance and low-cost protocol infrastructure.


   Source
Back to the list

Similar news
Suggest news