coinquora.com
Decentralized blockchain network COTI officially announced COTI Ventures, the foundation of the COTI ecosystem fund. By securing $10 million, the network intends to invest and capitalize in equity, tokens, and other forms of capital in early stage startups that are developing solutions related to COTI’s ecosystem.
The fund will be led by COTI’s CFO Yair Lavi and a team of professionals. The team will play a major role in identifying and analyzing things that can contribute to the success of the COTI business model. Furthermore, the team focuses on investing in strong and experienced founding teams with robust business plans.
Lavi said:
I look forward to my new adventure as head of COTI Ventures. During my 4 years at COTI I’ve seen our ecosystem as well as our variety of products and services grow tremendously, and the next evolution is to encourage new teams to work together with COTI by assisting them in their initial fund raising.“
“In the past few months we’ve seen numerous funds and multinational organizations like a16z, Sequoia, Bessemer and Bain setting up dedicated web3 and blockchain funds, as they believe blockchain technology and the new web3 economy will take a major place in our life in the near future. We’re excited to join them and others in partnering with the most talented founders forging this new future,” Yair added.
In terms of funding investment, the network made its first investment in a new and promising Cardano DEX — WingRiders. It joined other participants in the founding round such as cFund, Longhash, and others. The second investment was at AdaSwap which raised a $2.6M round that included leading investors, such as Hollywood star, Gal Gadot.
Both investments include a partnership with the projects as well as Djed integration into their platforms, which will enable increased liquidity and Djed’s participation in trading assets through liquidity pools, Djed pairs, and more.
On the other hand, the network continues to welcome builders and early stage projects interested in collaborating with the COTI ecosystem.