Revuto recently announced the launch of a BRL 2 million fund that will help start new Cardano blockchain projects. Revuto was the first ICO to successfully complete on the Cardano blockchain earlier in the year and is the first decentralized application (dApp) on the Cardano platform.
The company provides an active subscription management solution, leveraging native Cardano tokens and decentralized finance (DeFi) solutions to help save people money. Revuto managed to raise $10 million USD during the REVU token sale.
Revuto aims to help expand the Cardano network by providing the necessary know-how, community support, and early support to see new development projects blockchain be successful at the highest rate possible. This means that Cardano startups will be able to access financial funds from the newly created crypto fund before their ICO even begins. OR Fund supports blockchain developers in a myriad of different ways, from joint marketing efforts to helping launch an ICO on Revuto Launchpad.
📋[R FUND MAIN OBJECTIVES]📋
R Fund will provide funding and boost the perspective projects with backup from our community🏋🏻♂️#Revute will be the first ticket before an ICO of new projects that are built to accelerate the creation on @Cardano, the fastest growing #blockchain.🇧🇷 pic.twitter.com/DIQ2QC4DvQ
— Revuto (@get_revuto) September 10, 2021
According to Revuto CEO Vedran Vukman, the company will use its unique position in the ecosystem, being the first ICO of its kind in Cardano, with enough funding, technology and active community, to help define projects for a successful crowdfunding campaign. -successful.
Revuto CEO Vedran Vukman describes the purpose of the R funds and the company's position in the Cardano ecosystem:
“With one of the largest and most active communities gathered around Revuto, the stage is already set for more Cardano ICOs and we look forward to rising the tide and growing the ecosystem. We want all token developers and creators to leverage the growing power and community of the Revuto and R fund when thinking about launching their product. ”
Fund R's first investment will be publicly disclosed at the end of September.
