The EOS Network Foundation (ENF) is pleased to share the latest news from NoahArk Technology Group (NoahArk.io) with the EOS community. EOS Network Ventures (ENV) has made a strategic investment of $2.4 million in NoahArk’s DeFi infrastructure. This news will play an important role in unlocking new potential for growth, innovation, and collaboration within DeFi on EOS and the broader Web3 ecosystem.

Check out the official announcement below and keep reading to learn more about EOS Network Ventures and NoahArk Technology Group. At the end of this article, we’ll discuss how you can get started diving into Noah’s DeFi ecosystem.

https://medium.com/@noahdefi/noahark-tech-group-obtains-eos-network-ventures-$2.4-million-strategic-investment-27199bfd1bbd

Fostering a collaborative and innovative DeFi ecosystem on EOS

ENV is a venture capital fund whose mission is to attract capital investment and deploy that capital for the benefit of the entire EOS network. The organization is making multiple strategic investments in line with this mission, and NoahArk.io is an important part of that vision. The project is a collaboration between Defibox Technology Co., Ltd. (Defibox.io) and Hong Kong Noah Technology Co., Ltd. (Noahark.io) to build a strong DeFi ecosystem on the EOS network.

By leveraging the strengths of Defibox.io and NoahArk Technology Group, the team hopes to foster a broad ecosystem of DeFi tools on EOS. As part of this strategy, the team plans to work with two leading DeFi teams to develop an interoperable liquidity aggregation protocol. This will increase trading flexibility while creating a broader liquidity pool that supports a wide range of assets.

Through this investment, ENV aims to support NoahArk Technology Group in creating new avenues for collaboration and development that will benefit the entire EOS DeFi ecosystem. At the same time, this investment will create new opportunities for DeFi to flourish on EOS, while increasing users and liquidity on the network, thereby driving value back to the network.

Yves La Rose, Director of ENV and Founder and CEO of ENF, expressed his excitement about the news, saying: “Through our investment in NoahArk Technology Group, we are not just funding a company, we are investing in the future of DeFi and the EOS network. We have great confidence in their ability to innovate and believe that this partnership will lead to significant advancements in the EOS ecosystem.”

Eason, CEO of NoahArk Technology Group, noted that the investment will have an impact on their efforts to increase DeFi adoption on EOS. "This financial support will significantly increase the market opportunities for Defibox.io and Noahark.io. As we anticipate the next bull run, the combined efforts of our DeFi team will focus on developing an interoperable liquidity aggregation protocol. These initiatives are designed to enhance trading convenience and flexibility for our users and expand the range of assets supported by EOS and EOS EVM."

Learn more and get involved

With ENV’s investment, community members can expect to see more news and updates from Noah in the coming months. For more information, please refer to the following links and get in touch with them:

  • NoahArk DeFi Platform: https://noahark.io/

  • NoahArk Twitter: https://x.com/noah_defi/

  • NoahArk Telegram Community: https://t.me/noahevm

  • Defibox DeFi platform: https://defibox.io/

  • Defibox Twitter: https://x.com/DefiboxOfficial

  • Defibox Telegram Community: https://t.me/Defibox_official

EOS Network Ventures is always on the lookout for new projects that can play a role in driving adoption of EOS. If you are involved in a project or know of one that you would like to share with the ENV team, please contact EOS Labs with your pitch and other relevant information.

Don’t forget to follow the EOS Network Foundation on X to stay informed on this and other news. Also, join the EOS Community Telegram to connect with like-minded developers and EOS enthusiasts.

About Noahark.io

Noahark.io is an emerging DeFi project on the EOS EVM chain, focusing on providing highly secure and reliable decentralized trading services. Through innovative lock-up mechanisms and liquidity solutions, it creates a seamless financial market experience for users. It is expected to launch a series of trading-based products such as perpetual contracts and perpetual options early next year.

About Defibox.io

Defibox.io is a leading DeFi project in the EOS ecosystem, creating an open, secure, and comprehensive financial experience for users through decentralized technology and financial tools. It plans to develop financial derivatives such as lending, over-collateralized stablecoins, etc. on the EOS EVM.

EOS Network Ventures (ENV)

EOS Network Ventures (ENV) is a venture capital fund whose mission is to attract capital investment and deploy capital for the benefit of the entire EOS network. ENV supports early-stage technology companies in the Web3 space on the EOS network through strategic and token investments, driving innovation and development of the EOS network. ENV Website | Twitter

About EOS Network

The EOS network is a paradigm of the blockchain 3.0 era, powered by EOS VM. EOS VM is a low-latency, high-performance and scalable WebAssembly engine that enables near-invisible deterministic transaction execution. The EOS network is designed for Web3 and is committed to achieving the best Web3 user and developer experience. EOS is the flagship blockchain and financial center of the Antelope protocol, and through the EOS Network Foundation (ENF) as a tool for multi-chain collaboration and the development of public infrastructure products, it further improves the infrastructure and drives the rapid development of EOS.