Zignaly Launches Cosmos-Based ZIGChain and $100M Ecosystem Fund

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Decentralized social-investing platform Zignaly has introduced ZIGChain, a new layer-1 blockchain built on Cosmos, alongside a significant $100 million ecosystem development fund aimed at enhancing wealth-generation technologies. This announcement was made at the Token2049 event in Dubai.

ZIGChain: A New Frontier in Wealth Management

ZIGChain is designed to optimize the interface between developers, wealth managers, and users, facilitating seamless integration and interaction within its platform. Andrei Grachev, Managing Partner at DWF Labs, emphasized the innovative approach of combining these sectors to foster a unique and decentralized ecosystem. This structure is intended to allow developers to focus on creating applications while wealth managers act as a bridge to the user base, enhancing the overall efficiency and utility of the blockchain.

Expanding Capabilities and Access

Zignaly, known for its features that allow users to mimic the trading strategies of professionals, continues to broaden its services. The platform recently secured a crypto license in South Africa, bolstering its legitimacy and operational scope similar to traditional financial service providers.

The $100 million fund, backed by DWF Labs, aims to simplify the user experience across decentralized finance (DeFi) platforms. Torben Jorgenson, a partner at UDHC, highlighted the fund’s role in developing a wealth management layer that integrates with various DeFi protocols, regardless of their complexity, ensuring an effortless and inclusive user experience.

Vision for Decentralized Finance

Zignaly’s commitment to making DeFi accessible reflects its mission to create an environment where users, regardless of their expertise in digital assets, can easily participate by pressing a single “invest” button. The launch of ZIGChain and the new ecosystem fund are strategic steps towards realizing this vision, potentially setting a new standard in how users interact with DeFi platforms.

Anish Khalifa
Anish Khalifa
Hi there! I'm Anish Khalifa, a passionate cryptocurrency content writer with a deep love for this ever-evolving industry. I've been writing about crypto for over 3 years now and I've been captivated by its potential to revolutionize the financial world.

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