AdaSwap (an ecosystem-builder running on Cardano), recently completed a $2.5 Million funding round. Launched with the objective of “establishing” the first DeFi protocols operational on this blockchain, AdaSwap saw a lot of interest from noticeable investors.
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Officially, the round of funding was managed by iAngels. Participation from Shima Capital and Pluto Digital, GBV. Stardust. Efficient Frontier. Finova. Banter Capital. COTI. The project also received a share from other investors outside of the crypto sector.
As the post confirmed, Hollywood actress Gal Gadot, known for her portrayal of DC Comics character Wonder Woman and for her roles in movies such as Justice League, Batman v. Superman, Fast & Furious, Cleopatra, and others, was part of the funding round.
Gadot’s husband Jaron Varsano, producer and actor involved in the Wonder Woman movie sequel, also participated in the $2.5 million round. Cardano inventor and CEO at Input Output Global, Charles Hoskinson, welcomed Gadot to the “family”. Hoskinson posted the following message via his Twitter account.
I’m glad to welcome Wonder Woman to the Cardano Family https://t.co/ddeDPX7YI0
— Charles Hoskinson (@IOHK_Charles) March 2, 2022
Per the post, AdaSwap will use the funds to “deliver on its goal of building the best-decentralized exchange on Cardano”. AdaSwap will release additional products on the ecosystem, such as a native NFT platform.
The project also aims to provide ADA users with a platform decentralized for swapping native tokens. The project claims to have built a Cardano protocol that allows users to exchange native tokens on the network. This was added by the team that is behind it:
The company plans to create a Cardano native NFT market and decentralized financing capabilities, such as fixed, long-term liquidity pools and staking. These applications will allow DEX users to purchase and sell NFTs, stake tokens and make interest.
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Gal Gadot (actress) and Jaron Varsano (husband), are just a few celebrities who showed interest in crypto currencies over the past month. Hollywood seems to have a cryptocurrency rush, from NFTs to GameFi and DeFi projects to name a few.
According to the post, Wonder Woman’s lead and Varsano said the following on their AdaSwap investment: “This is an exciting investment opportunity for us in the crypto space”. Itay Levi, the Project Co-founder, added:
This was our greatest achievement towards creating a new financial environment that can make a huge impact in the global economy. AdaSwap’s team is thrilled to be able to proceed with this project, which has been supported by both commercial and technical investors.
As NewsBTC reported, the company behind Cardano’s development IOG recently implemented the first of 3 major updates to the mainnet. After the implementation of smart contract capabilities with the Alonzo Hard Fork, the company has set out to improve the network’s scalability and infrastructure.
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As of press time, ADA’s price stands at $0,93 with a 2.3% loss in the past 24 hours.
