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Cardano and Draper Dragon Establish $80 Million Orion Fund
On April 7, according to the official website of the Cardano Foundation, Cardano and venture capital firm Draper Dragon announced the launch of the Orion Fund (Draper Dragon Ecosystem Fund), targeting a scale of $80 million. The fund aims to invest in Cardano native and integrated projects, with a focus on Real-World Assets (RWA) and institutional-grade DeFi, to enhance Cardano’s Total Value Locked (TVL) and on-chain activity.