SINGAPORE JUNE 6 2023 / EMURGO VENTURES (“EMV”) – EMURGO Ventures, the venture investment arm of Cardano blockchain founding entity EMURGO, today announced an investment in Maestro, a comprehensive Web3 platform purpose-built for blockchain developers to build innovative decentralized applications (dApps) on Cardano and businesses to integrate with Cardano. The investment will provide Maestro with the resources needed to foster the continued adoption of the Cardano blockchain by making it easier for developers and businesses to build products and services on Cardano.
The value proposition of Maestro is deeply rooted in its exclusive focus on Cardano and UTXO-based blockchains, and its platform provides valuable Cardano infrastructure services for developers to fund, build, and scale their dApp projects in a one-stop shop. To fund their Web3 solutions, developers can utilize Maestro’s ISPO-as-a-service (Initial Stake Pool Offering) to raise funds and grow a strong community foundation on the Cardano network. To build their Web3 solutions, developers can access Maestro’s Dapp Developer Platform which provides developers with a suite of necessary tools to track Cardano on-chain data in real-time for the products and services. To scale Web3 solutions, developers and enterprises can also tap into tailored Layer-2 solutions for faster and more cost-effective transactions.
“EMV is excited to support Maestro to help developers and businesses unlock the power of decentralized Web3 solutions built on Cardano. By providing the critical tools necessary for developers and businesses to build dApps on Cardano, we can realize our goal of a digital future that enables people and organizations all over the world to transact with one another in a fast, transparent, and secure way,” said EMV Venture Partner Kaimin Hu.
“We are deeply honored to receive investment from EMURGO Ventures to reinforce our shared mission to strengthen and expand the Cardano ecosystem. This is more than an investment; it’s a strategic partnership that aligns with our aspiration to improve Web3 developer experience for UTxO-based infrastructure,” said Maestro co-founder & CEO Marvin Bertin. “Their backing significantly accelerates our ability to empower developers, businesses, and users to tap into the full potential of the Web3 revolution. Together, we are committed to driving the growth and global adoption of Cardano, paving the way for a more decentralized future.”
Cardano has ranked as the top blockchain network in terms of blockchain developer activity on GitHub in each of the past four years according to blockchain intelligence platform Santiment and more than 1,240 projects currently building on Cardano . More than 125 projects have already launched on Cardano including popular DeFi protocols and NFT marketplaces.
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About EMURGO Ventures
EMURGO Ventures (“EMV’) is the venture capital and investment arm of EMURGO, the official commercial arm and a founding entity of the Cardano blockchain. EMV focuses on investing in and supporting innovative Web3 projects and startups that have the potential to drive the adoption and integration of blockchain technology across various industries. As a chain-agnostic firm, EMV recognizes the value of collaboration and the importance of building a diverse and interconnected blockchain ecosystem.
For more information, please visit https://emurgo.io/investment.
Maestro is an advanced Web3 platform purpose-built for the Cardano ecosystem, addressing the critical need for comprehensive and optimized infrastructure services. The platform caters to a wide range of users, from developers seeking to build innovative dApps to businesses aspiring to integrate with Cardano’s unique UTXO architecture. Its platform is divided into three strategically designed eras – Fund, Build, and Scale, which are respectively associated with ISPO-as-a-service, a Dapp Developer Platform, and L2-powered products. These offerings are key for early-stage projects just getting started, established projects aiming to scale, and enterprise solutions, creating a one-stop-shop for Cardano integration.
For more information, please visit https://www.gomaestro.org.
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Disclaimer: You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by EMURGO Ventures to invest, buy, or sell any associated tokens or other crypto assets.