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COTI Officially Releases COTI Ventures To Aid Potential Crypto Startups -Breaking

by Mike Robinson

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COTI Releases COTI Ventures to Aid Crypto Startups
  • COTI Ventures, which was just announced, will serve as the fund’s foundation.
  • It has received $10M in funding and invested already in AdaSwap and WingRiders.
  • COTI Ventures is open to builders and projects at the early stages of development who are interested in joining the COTI community.

COTI Ventures is the new foundation for the COTI ecosystem. By securing $10 million, the network intends to invest and capitalize in equity, tokens, and other forms of capital in early stage startups that are developing solutions related to COTI’s ecosystem.

The fund will be led by COTI’s CFO Yair Lavi and a team of professionals. This team will be responsible for identifying and analysing things that could contribute to COTI’s success. The team invests in experienced founder teams that have strong business plans.

Lavi said that:

My new role as COTI Ventures head is exciting. During my 4 years at COTI I’ve seen our ecosystem as well as our variety of products and services grow tremendously, and the next evolution is to encourage new teams to work together with COTI by assisting them in their initial fund raising.“

“In the past few months we’ve seen numerous funds and multinational organizations like a16z, Sequoia, Bessemer and Bain setting up dedicated web3 and blockchain funds, as they believe blockchain technology and the new web3 economy will take a major place in our life in the near future. We’re excited to join them and others in partnering with the most talented founders forging this new future,” Yair added.

In terms of funding investment, the network made its first investment in a new and promising DEX — WingRiders. This network was joined by Longhash, cFund and other investors in the initial round. AdaSwap was the second investor. It raised $2.6M from leading investors like Gal Gadot, a Hollywood actor.

Both investments include a partnership with the projects as well as Djed integration into their platforms, which will enable increased liquidity and Djed’s participation in trading assets through liquidity pools, Djed pairs, and more.

However, builders and projects at the beginning stages of their development are still welcome to join the COTI network.

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