PANews news on April 17, according to CoinDesk, Decentralization social investment market Zignaly announced the launch of the Layer 1 Blockchain ZIGChain on Cosmos and the establishment of a $100 million ecosystem development fund. Speaking at Token2049 in Dubai, the team said the fund will focus on developing a wealth generation infrastructure that is effortless from a user's perspective.

According to reports, Zignaly is a bit like a Crypto Assets fund manager, allowing users to copy the trades of professionals. It recently obtained a Crypto Assets license in South Africa to provide discretionary financial services, which is equivalent to a license issued for fund managers in the TradFi sector.