- AdaSwap, an ecosystem developer that will set up one of the initial DeFi protocols on Cardano ecosystem, has made an announcement regarding a $2.6 Million funding round.
- Prominent Angel investors took part in this funding round, that featured Wonder Woman lead actress Gal Gadot as well as producer Jaron Varsano.
- The core cause behind AdaSwap’s aspiration is its indigenous crypto-asset ASW, which assists in fueling several operations in the Cardano network.
Wonder Woman Lends A Hand
Ecosystem developer, AdaSwap which will put one of the initial DeFi protocols in Cardano Network, has made announcement regarding a $2.6 Million Funding Round by iAngel, where prominent investors such as, Coti, Banter Capital, Finova Capital, Efficient Frontier, Stardust Capital, GBV Capital, Pluto Digital and Shima Capital.
Apart from these, the most noteworthy investors who took part in this round were our favorite Wonder Woman, aka Gal Gadot, and producer Jason Varsano.
AdaSwap will utilize this funding to deliver on its objective of developing the best Dex on Cardano Ecosystem, one of the most well-liked blockchain platforms for dApp devs.
AdaSwap is developing an indigenous, gamified Cardano decentralized exchange which will enable the folks to swap their Cardano-based assets flawlessly. It also strategizes to involve the generation of Cardano-native DeFi cavities and NFT marketplace-like staking additionally to fixed, high-yielding, long-term liquidity pools.
Through these applications, DEX users can stake tokens, acquire or sell NFTs, and generate interest using Cardano tokens.
For developing a better monetary ecosystem, AdaSwap will shift their concentration away from escalated liquidity locks to what actually matters — Users.
What Does iAngel and GBV Representative Say?
AS per an iAngel representative, they made investments in AdaSwap because they have faith in team, its vision, and its technical roadmap. The future of finance is its projects like AdaSwap will provide monetary independence and democratization for masses.
The organization is thrilled to join this road and are looking forward in the future for more innovative stuff with AdaSwap.
As per GBV Capital representative, they are happy to be among initial backers of AdaSwap, and think that team will adapt and develop a top-tier DEX indigenous to Cardano to escalate DeFi utility.
With the involvement of prominent stars like Gal Gadot, it will add more benefits to this development as more investors might make their way by seeing such personalities taking part in such projects.