TechFlow News — Decentralized social investing platform Zignly has announced the launch of its Layer 1 blockchain, ZIGChain, on Cosmos, along with a $100 million ecosystem development fund. The ZIGChain ecosystem fund is backed by DWF Labs.
The team stated at Token2049 in Dubai that the fund will focus on developing seamless wealth-generation infrastructure from the user's perspective.
Zignaly functions similarly to a cryptocurrency fund manager, allowing users to copy trades made by professionals. It recently obtained a discretionary financial services crypto license in South Africa, equivalent to the license issued to traditional fund managers in conventional finance.
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