PANews reported on April 17 that according to CoinDesk, the decentralized social investment market Zignaly announced the launch of the Layer1 blockchain ZIGChain on Cosmos and 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 a user's perspective.
Zignaly is a bit like a cryptocurrency fund manager, allowing users to copy the trades of professionals. It recently obtained a cryptocurrency license in South Africa to provide discretionary financial services, which is equivalent to the license issued to fund managers in the traditional financial field.
