Ecosystem builder running on Cardano, AdaSwap, recently announced the successful completion of a $2.5 million funding round. Launched with the goal of “establishing” the first operational DeFi protocols on this blockchain, AdaSwap saw a lot of interest from notable investors.
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According to an official publication, the financing round was carried out by iAngels, with the participation of Shima Capital, Pluto Digital, GBV, Stardust, Efficient Frontier, Finova, Banter Capital and COTI. Other investors from outside the crypto space also participated in the project.
As the publication confirmed, Hollywood actress Gal Gadot, known for her portrayal of the DC Comics character Wonder Woman and for her roles in movies like Justice League, Batman v. Superman, Fast & Furious, Cleopatra and others, was part of the financing. round.
Gadot’s husband, Jaron Varsano, a producer and actor involved in the Wonder Woman movie sequel, was also involved in the $2.5 million round. Cardano inventor and CEO of Input Output Global, Charles Hoskinson, welcomed Gadot to the “family”. Through his Twitter account, Hoskinson shared the following message.
I am pleased 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 “fulfill its goal of building the best decentralized exchange on Cardano.” The DEX will be complemented by other AdaSwap products to be launched in this ecosystem, including a native NFT marketplace.
Furthermore, the project aims to provide ADA users with a decentralized platform to exchange native tokens. Therefore, the claim is to build a gamified Cardano protocol to allow users to exchange native tokens implemented in this network. The team behind the project added:
Its plans also include the creation of a Cardano-native NFT market and decentralized finance capabilities, such as staking and fixed, long-term, high-yield liquidity pools. Through these apps, DEX users will be able to stake tokens, buy and sell NFTs, and earn interest on their Cardano tokens.
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Actress Gal Gadot and her husband Jaron Varsano are far from the only celebrities to have shown an interest in cryptocurrencies in recent months. From NFTs to GameFi to DeFi projects, there seems to be a crypto fever booming in Hollywood.
According to the publication, the Wonder Woman frontman and Varsano had this to say about their investment in AdaSwap: “This is an exciting investment opportunity for us in the crypto space.” Project co-founder Itay Levy added:
This is one of our first and greatest achievements towards building a new financial ecosystem that will have a huge impact on our world. The AdaSwap team is very excited to move forward with our project backed by the best technical and commercial investors.
As NewsBTC reported, the company behind Cardano’s IOG development recently implemented the first of 3 major mainnet upgrades. After implementing smart contract capabilities with Alonzo Hard Fork, the company has set out to improve the scalability and infrastructure of the network.
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At press time, ADA price stands at $0.93 with a 2.3% loss in the last 24 hours.
ADA is trending down on the 4-hour chart. Source: ADAUSDT Trade View
This post A wonderful entry, Gal Gadot invests in this Cardano protocol
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