Emurgo will invest at least $200 million to promote the development of the Cardano ecosystem

According to Chain Catcher news and reported by CoinDesk, Ken Kodama, CEO of Emurgo, the venture capital arm of Cardano, stated that Emurgo will invest over $200 million to support the growth of the ecosystem over the next three years. The funds will come from Emurgo's own capital and will be directly used for Cardano projects, as well as projects from other networks that will integrate their products with the Cardano network.

It is reported that Emurgo is the founding entity of the Cardano protocol, investing in the development of products, services, and applications aimed at supporting network growth. (Source link)