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Zignaly Announces Cosmos-Based ZIGChain, $100M Ecosystem Fund

Decentralized social-investing marketplace Zignaly announced the ZIGChain layer-1 blockchain on Cosmos and a $100 million ecosystem development fund. The fund will focus on developing wealth-generation infrastructure that is effortless from the user's perspective, the team said at Token2049 in Dubai. Zignaly is something like a crypto fund manager, and allows users to copy trades from professionals. It was recently awarded a crypto license in South Africa for discretionary financial-service provision, equivalent to those issued for fund managers in traditional finance. Ziganly's mission is to create a world where any user can easily engage in DeFi by simply pressing an "invest" button.

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