Social investment platform Zignaly has launched a new layer 1 blockchain called ZIGChain. ZIGChain aims to unlock wealth-generation opportunities for everyone inside and outside the crypto ecosystem. Its testnet will be launched this summer.
For over half a decade now, Zignaly has been providing an investment platform that connects fund managers with investors worldwide. Even today, TradFi systems make it extremely hard for a regular individual to access wealth-generation opportunities. This calls for the average person worldwide to have access to different ways and tools to generate wealth.
To bridge this financial literacy and opportunity gap, Zignaly has been leveraging the power of blockchain technology to offer a user-friendly and compliant platform.
Now, to further democratize investment opportunities regardless of an investor's income level or location, Zignaly has introduced layer 1 blockchain, which provides developers with the infrastructure to build wealth generation protocols.
In addition to providing a platform to build protocols that can be utilized by fund managers and seamlessly accessed by retail, Zignaly has also announced a $100 mln ecosystem fund.
The fund will be supported by market maker and multi-stage Web3 investment firm DWF Labs, whose portfolio includes TON, Tron, Algorand, and others. It will incentivize developers to build on ZIGChain.
"With each new protocol, we get closer to our goal of enabling wealth generation for everyone," said Zignaly in its official announcement.
To make this revolution happen, Zignaly has developed several enticing features, including account abstraction and gasless technology. ZIGchain's modularity positions it at the core of blockchain technology, preparing it for further expansion to meet the evolving needs of users and developers. Simultaneously, it can smoothly integrate into the existing blockchain ecosystems, creating a robust network.
Zignaly will also allow Web2 users—with their email accounts and social logins—to integrate with on-chain protocols seamlessly. Investing in wealth management services will only require a single click on the INVEST button. Thus, the notion of 'Effortless investing' is an achievable possibility now!
Users can fully leverage crypto's varied and attractive opportunities, making Web2 and Web3 composability a reality.
According to Zignaly Advisor Torben Jorgensen, CFO at @udhc_com & former Head of Finance at Maker Foundation:
"Highly scalable and inclusive Infrastructures bringing wealth generation avenues to the masses is the need of the hour, and I don't see a team better than Zignaly to make this a reality. ZIGChain is not just another Layer 1; it embodies a progressive movement toward universal financial inclusion."
Already, hundreds of thousands leverage Zignaly to generate millions of dollars in profits. Now, with ZIGChain, hundreds of wealth-generation protocols will be made available for the masses to take advantage of.
While developers can build innovative protocols with ZIGChain, fund managers can deploy them into accessible investment strategies, and the average person can then take advantage of those opportunities, which were previously only meant for the wealthy elite.
However, this is just the beginning. Zignaly aims for a future where users can invest in on-chain wealth management services with just a single "INVEST" button. This way, Zignaly will revolutionize financial empowerment through the scalable and inclusive ZIGChain and "usher in a new era of financial freedom for everyone."
