Multi-directional investment, technology and marketing collaboration will unlock new potential and catalyze growth in the DeFi space on both the EOS mainnet and its Ethereum-compatible element, EOS EVM.
Multi-directional investment, technology and marketing collaboration will unlock new potential and catalyze growth in the DeFi space on both the EOS mainnet and its Ethereum-compatible element, EOS EVM.
NoahArk Tech Group Completes Funding Round with $2.4 Million Raised
NoahArk Tech Group, a collaboration between Defibox Technology Limited (Defibox.io) and Hong Kong Noah Technology Limited (Noahark.io), announces the conclusion of a $2.4 million strategic investment round powered by EOS Network Companies (ENV).
ENV’s investment in NoahArk Tech Group is not just a financial backing but a strategic collaboration aimed at fostering innovation within the EOS ecosystem. This partnership is expected to unlock new potential and catalyze growth in the DeFi space.
Eason, CEO of NoahArk Tech Group, shares his excitement about the prospects that the new collaboration opens up for all players in the DeFi ecosystem:
This investment by EOS Network Ventures, along with the reorganization of Defibox.io and Noahark.io, marks a transformative phase for the EOS DeFi ecosystem. In this new phase, EOS EVM will significantly enhance our operational capabilities, facilitating the participation of established products and developers and enabling the seamless movement of various assets across cross-chain bridges.
NoahArk Tech Group is the result of a collaboration initiated by Defibox Technology Limited (Defibox.io) and Hong Kong Noah Technology Limited (Noahark.io). Their shared mission is to build a strong DeFi (Decentralized Finance) alliance within the EOS ecosystem, primarily focusing on decentralized exchange (DEX) activities.
As Guru-Investingpreviously reported, EOS Network Ventures recently boosted GameFi innovator EZ Swap with a $500,000 investment.
NoahArk Tech Group launched to change the narrative of EOS and EOS EVM
Yves La Rose, Director of EOS Network Ventures (ENV), commented on his investment in NoahArk Tech Group and highlighted its role in the growth of DeFi infrastructure:
Through our investment in NoahArk Tech Group, we are not only funding a company, but also investing in the future of DeFi on the EOS network. We are confident in their ability to innovate and believe this partnership will lead to significant advancements in the EOS ecosystem. This measure is more than simple financial support; is a commitment to drive growth and new developments in DeFi. We see NoahArk Tech Group as a key player in improving decentralized exchanges and our strategic vision is to support the creation of more interconnected and user-friendly DeFi services, benefiting the entire sector.
NoahArk Group’s long-term strategy includes leveraging the strengths of Defibox.io, a leading DeFi platform on EOS Native, and Noahark.io, a next-generation DeFi project on EOS EVM, to drive a broad spectrum of innovative DeFi efforts. . sector.
Following a long-awaited reorganization, Defibox.io and Noahark.io will continue to operate independently in terms of product branding, but will fully share resources (including funding, staff, and technology) under the leadership of NoahArk Tech Group.
