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The Cardano Foundation and Draper Dragon establish an $80 million Orion Fund
Gate News reports that on April 7, the Cardano Foundation announced the creation of an $80 million Orion Fund in partnership with Draper Dragon. The fund aims to support strategic initiatives for Cardano native and integrated enterprises, expand on-chain utility, and strengthen the ecosystem. The fund will be managed by Draper Dragon, with the Cardano Foundation serving as the charter administrator, providing necessary ecosystem and technical support.