ZIGLabs, a blockchain-focused VC fund dedicated to empowering visionary founders through capital , go-to-market advisory, and network facilitation to projects building on ZIGChain and adjacent ecosystems, has announced the completion of its first official investment round , made in collaboration with Disrupt, the UAE-based venture builder that has pledged a US$100 million commitment to build and back AI-first technology ventures globally. Disrupt gained prominence for the acquisition of its portfolio company cloudways by DigitalOcean in 2022.
This marks a significant milestone for ZIGLabs, further establishing its role as a strategic contributor to the growth and development of innovative projects within the ZIGChain ecosystem.
The round focused on OroSwap, a next-generation AI-powered decentralized exchange (DEX) on ZIGchain, tasked with introducing DeFAI (Decentralized Finance with AI) on the chain . Founded by a team of Zignaly community OGs, OroSwap would serve as the foundation for the largest on-chain marketplace to drive the evolution of DeFi with execution capabilities powered by conversational AI. It will progress along a feature-rich roadmap as a full-fledged DEX, offering supernormal value built on the foundations of standard AMM (Automated Market Making) and CLMM (Concentrated Liquidity Market Making) capabilitiesWhile outlining its ambitions, the OroSwap team chose not to become run-of-the-mill DEX. Instead, they set out to deliver a product that would stand out in the user experience it offers to the community and set a standard for all dApps building on ZIGChain. The team banked heavily on its experience of working with AI & ML tech.
“Building Oroswap on ZIGChain was a smart choice that aligns with our goal to help everyone create wealth,” said Katerina Vdovichenko, Cofounder and CMO of OroSwap. “Our AI assistant is like having a friendly guide who helps traders talk to the crypto market in plain language instead of dealing with complicated buttons and charts. ZIGChain is the perfect home for our tools because they care about making technology that real people can actually use. This helps us reach traders who’ve been waiting for crypto trading to become easier to understand.”
For Abdul Rafay Gadit, Managing Partner at ZIGLabs, OroSwap’s core strength was the key differentiator. He described the team behind OroSwap as one that included the brightest developers in the Web2 and Web3 space, with diverse experience in AI, machine learning, gamification, and even the Bitcoin ecosystem. Their vision aligns perfectly with ZIGLabs’ mission to empower innovation and drive growth within the ZIGChain ecosystem.
In that way, OroSwap’s strategic collaboration with ZIGLabs and Disrupt is expected to significantly bolster the technological capabilities of ZIGChain – the Layer 1 blockchain focused on unlocking financial opportunities for everyone. The chain is enabling developers to build innovative wealth-generation protocols that wealth managers can use to craft previously inaccessible investment strategies for anyone. Now, with OroSwap, its tech capabilities will witness the robust reinforcement AI has to offer.
