Reported By: CryptoFundReport.com
Decrypt – Next up is IOHK’s newly launched development fund, the “cFund.” A partnership with crypto asset management fund Wave Financial Group, the fund will total $20 million and provide money for companies and projects building up the Cardano ecosystem. IOHK will fork up $10 million and Wave is raising the other half. “This provides several years of runway to target seed and early-stage opportunities,” wrote IOHK. Typical investments will total between $250,000-500,000.