Zignaly launches ZIGChain on Cosmos and establishes a $100 million ecosystem development fund

ChainCatcher news, according to CoinDesk, the decentralized social investment market Zignaly announced the launch of the Layer1 blockchain ZIGChain on Cosmos, along with the establishment of a $100 million ecosystem development fund.

The team stated at Token2049 held in Dubai that the fund will focus on developing wealth generation infrastructure that is effortless from the user's perspective.

It is reported that Zignaly is somewhat like a cryptocurrency fund manager, allowing users to copy the trades of professionals. It recently obtained a cryptocurrency license in South Africa to provide fully delegated financial services, equivalent to the licenses issued to fund managers in the traditional financial sector.