Occam.fi Receives Strategic Investment from Cardano ecosystem VC fund
ZUG, 29 JULY 2021 — The cFund and The Occam Association are pleased to announce that cFund, the official early-stage innovation fund for the Cardano blockchain, has made a strategic investment into the Occam.fi ecosystem. The cFund supports projects to build critical infrastructure for the rapidly expanding Cardano ecosystem.
Occam.fi is a suite of DeFi solutions tailor-made for Cardano. Designed to deliver market-leading decentralized launchpad capabilities, DEX tools, swap capabilities, and liquidity pools for Cardano native tokens, Occam.fi is one of the first and most significant additions to Cardano’s rapidly expanding DeFi landscape.
The first component of Occam.fi’s ecosystem is its decentralized funding platform, or launchpad, called OccamRazer. Through this launchpad, the next-generation of disruptive Cardano applications can undertake capital raises through OccamRazer’s initial decentralized offering (IDO) capabilities.
Charles Hoskinson, founder of the technology firm IOHK and a backer of the Cardano Blockchain, said:
“We are excited to see growing funding and utility flowing into Cardano. Empowering the next generation of innovative projects is a key focus for Cardano, and projects like Occam will play a key role in the ongoing development of the ecosystem.”
The Occam.fi developer team are members of the Plutus Pioneer Program, an educational program focused on building Cardano-based applications, and expect to have the necessary components in place ready to transition to Cardano from Ethereum following the launch of smart contracts on Cardano through the Alonzo hard fork. The Occam.fi team have already taken steps to ensure that Occam.fi is ready for Cardano, issuing equal numbers of their native token, OCC, on the Cardano blockchain, and developing a bi-directional Ethereum <> Cardano bridge for tokens and assets.
Mark Berger, President of the Occam Association, said:
“Today marks a momentous occasion for the recognition of Occam.fi’s commitment to Cardano. We have embarked on an ambitious mission of bringing DeFi and decentralized launchpad capabilities to Cardano, and a strategic investment by cFund — and their expertise that comes with it — will be instrumental in making Occam.fi a long-lasting success.”
The Occam Association will use the awarded funds as part of its treasury in order to improve and enrich the Cardano ecosystem through the ‘Occelerator’ program — an incubator designed to take early-stage Cardano projects from ideation through to launch.
Occam.fi PR enquiries: Elliot Hill, Head of Communications — e@occam.fi
cFund PR enquiries: FAO. David Roebuck, Principal — info@cfund.vc
About cFund: The cFund is an early-stage investment fund focused on innovative companies utilizing the Cardano blockchain and its technology. The fund is managed by Wave Financial. It employs an early-stage venture strategy and invests in innovative blockchain-enabled digital assets, crypto companies, and protocols using Cardano and its technology. Learn more at: www.cfund.vc.
About Occam.fi: The Occam.fi ecosystem is managed and maintained by the Occam Association, a Switzerland-based entity operating from the crypto-friendly Canton of Zug. When the Occam.fi ecosystem grows sufficiently, Occam.fi will be governed and steered by a carefully designed decentralized autonomous organization. Occam.fi is the first decentralized launchpad designed for the Cardano ecosystem, built with expertise and care from a veteran team of blockchain entrepreneurs and professionals. Learn more at www.occam.fi.
