The Cake DeFi Fintech platform launched $100 million venture branch and will now interact with other tech startups and the NFT space so let’s find out more in today’s latest crypto news.
The Singapore-based fintech company Cake DeFi, introduced a new venture branch so, with the $100 million in capital, the feature will enable the company to interact with gaming, Web3, and other startups. In addition, Cake DEFI partnered with the Edge of Company to hop in on the NFT bandwagon. According to the documents, Cake DeFi Ventures will be headquartered in Singapore and the venture branch will invest in tech startups across Web3 and the NFT space. The heads of CDV will be Cake DeFi’s co-founders Julian Hosp and U-Zyn Chua. One of them is a blockchain entrepreneur with a vision to bring blockchain awareness and understanding to 1 billion people by 2025. Hosp said:
“By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake’s current status as Singapore’s and Southeast Asia’s fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.”
U-Zyn Chua is an investor in the digital asset market with his main interest being decentralized systems focused on design and development. He believes that the CDV will enable Cake DEFI to interact with the Web3 space:
“As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi’s core business will allow us to enhance our Web3 offerings.”
The Singaporean firm also made an investment in the Edge of Company with the latter being a media event venture oriented towards the NFT. Jeff Kelley, the co-founder of Edge of Company said that his team is quite honored to engage with Cake deFi:
“Their know-how, relationships, and strategic insights will help propel this Web3 rocketship to new heights across our platform of tech, media, and events.”
A while ago, the Edge of Company created the NFT LA conference which will be hosted in the middle of March as it will be the biggest Web3 gathering In California. The podcast will feature 100 episodes where it will mention the biggest NFT tokens and most other details from the blockchain world.
