CoinVoice has recently learned that according to CoinDesk, the decentralized social investment market Zignaly announced the launch of the Layer1 blockchain ZIGChain on Cosmos and the establishment of a $100 million ecosystem development fund.

The fund will focus on developing infrastructure that makes wealth generation effortless from a user perspective, the team said at Token2049 in Dubai.

Zignaly is reportedly a bit like a cryptocurrency fund manager, allowing users to copy the trades of professionals. It recently obtained a cryptocurrency license in South Africa to provide discretionary financial services, which is equivalent to a license issued to fund managers in the traditional financial field. [Original link]