According to ChainCatcher, the decentralized social investment market Zignaly announced the launch of Layer1 blockchain ZIGChain on Cosmos and the establishment of a $100 million ecosystem development fund.

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

It is reported that Zignaly is a bit like a cryptocurrency fund manager, allowing users to copy the transactions of professionals. It recently obtained a cryptocurrency license in South Africa to provide full-power financial services, which is equivalent to a license issued to fund managers in the traditional financial field.