UAE based Digital Finance Group launches 20 Million USD Polkadot fund
Digital Finance Group (DFG) with has offices in Abu Dhabi UAE, and owns UAE based Matrix exchange which has received a virtual asset exchange license from ADGM ( Abu Dhabi Global Market) in UAE, has worked for years based on the ethos of being a dedicated contributor to the development and growth of the digital assets space.
The Group has disclosed an exlcusive Polkadot Ecosystem Fund that will count with 20 million USD to focus and assist top tier projects of each sector being developed in this space. The reason for this fund is that the Polkadot protocol and its underlying projects go hand in hand with DFG’s core objectives in the process of building a better future for digital assets by addressing issues that affect technological and non-technological situations across a varied number of industries.
DFG CEO and Founder, James Wo has previously shared the three major advantages Polkadot has, which include fundraising, infrastructure, and facilities, states, “First, as a latecomer, Polkadot is joining a robust, thriving, and mature market, attracting experienced and informed investors. Secondly, with its application ecosystem and layout of infrastructure, Polkadot avoids a lot of detours that Ethereum has gone through such as interoperability, scalability, governance, etc. Lastly, the development of Polkadot is better in the layout and facilities field in that it seeks to be more focused on off-chain/on-chain cooperation rather than interactions in a smart contract, setting up chain upgradability, governance, and interactivity as a major strength.”