SundaeSwap is expected to act sort of like the PancakeSwap of the Cardano ecosystem! While the project is something that $ADA holders are looking forward to, what about big investment groups?
SundaeSwap on the Cardano Ecosystem
On a Twitter page, Galen Law-Kun shared their thesis on SundaeSwap as well as the whole Cardano ecosystem. This involved Double Peak Group, which is a family office that is reportedly focused on investments in the whole digital asset as well as blockchain space, according to the Twitter profile.
According to the Twitter thread, SundaeSwap reportedly marks the very first investment made by Double Peak Group into the whole Cardano Ecosystem. They are also reportedly joining other massive investors in the crypto space.
Double Peak Group Top Investors
Double Peak Group will reportedly be joining Alameda Research, cFund.vc, and even Darrenlautf, all raising $1.3 million in seed funding. Galen shared how they were introduced to SundaeSwap and it was actually through a mutual introduction made by Nico Arqueros, the CEO of dcspark.io.
Galen reportedly decided it was a good idea to meet the team that is behind SundaeSwap and proceeds to learn more about what they are actually up to in the whole Cardano-verse. Galen noted that personally, it was important for them to keep an open mind as well as not be in an echo chamber.
Thoughts on the Cardano Ecosystem
As of the moment, no L1s are really perfect, with most of them...
This article was first published on www.techtimes.com.
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Written by Urian B.