Cassava Network Secures New Investment From Anubi Foundation

According to BlockBeats, on September 22, Cassava Network announced that it has received a new round of investment from the Anubi Foundation. This funding is expected to further support Cassava's development within the Web3 ecosystem, particularly in expanding its presence in the African market. Cassava Network is a platform centered around Web3 social tasks, aiming to transition more Web2 users into the Web3 space to foster long-term and sustainable growth in the sector. During its private funding round, the project attracted investments from over 40 institutions, including Youbi Capital, Dragonfly Capital, Spark Digital Capital, NGC Ventures, DWeb3 Capital, Tron, Shima Capital, and SevenX Ventures. Additionally, Cassava Network has previously partnered with the well-known mobile phone brand Transsion to jointly promote the adoption of Web3 task systems.