Adaverse Launches Sui Fund and Investment Plan

According to BlockBeats, on November 23, Cardano's investment arm, Adaverse, officially announced the establishment of a dedicated Sui fund and the initiation of its first investment plan. This plan includes providing liquidity mining support for the AI aggregation platform, Oceans, within the Sui ecosystem. Adaverse highlighted that the price of SUI has been consistently reaching new highs, making it an opportune moment to invest in foundational infrastructure projects within the Sui ecosystem. Oceans has recently launched its liquidity mining feature on the Cetus platform. In response, Adaverse has decided to allocate the Oceans tokens it has acquired into Cetus for mining purposes. This move aims to support the ecosystem's development while securing long-term returns.