Jacobi initially gained approval for the fund in October 2021, intending to launch it in 2022. Nonetheless, the company chose to postpone its launch due to unfavorable conditions in other segments of the digital asset market.
This tool, which is the first of a series of planned products, is designed to accelerate transaction processing speed on the Cardano network.
Musk kept the identity of his replacement under wraps, but he did share that the incoming CEO is set to begin their tenure in roughly six weeks' time.
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