London, Europe Brief News – Cardano launched its new project to speed up third-party smart contracts development.
Cardano foundation has unveiled a project in collaboration with EMURGO, which is a crucial part of the Cardano blockchain.
Cardano collaboration with EMURGO will help both the organizations in gathering Resources and efforts to develop a tool stack that will build a foundation for the Cardano ecosystem and boost decentralized application development.
They have announced that this project will be launched in two phases:
1- MVP1
2- MVP2
They have chosen five binaries to create a modular tool stack for MVP1. The plan that Cardano have for MVP2 is quite different as in the second phase they will be reaching out to different collaborators to chip in and contribute to the project.
Cardano plans on creating a second application which is to provide stability to its ecosystem. The second application might come in handy in providing various options for developers to construct solutions on Cardano. This application can also be used to set a certain standard for smart contract-based infrastructure.
Frederik Gregaard CEO of Cardano said the launch of this tool stack in collaboration with EMURGO will ensure a bright and comprehensive eco-system for third-party smart contract development on Cardano roadmap.
Cardano Buzzing with latest developments
Some of the latest advancements in the technological world are contributing to the idea of Cardano blockchain Optimism. The latest advances in Defi, Meta and NFTs are the highlighted companies that somehow support Cardano.
Cardano launched its first-ever metaverse project named Pavia. Cardano is using hydra and mithril solutions and among others to boost its plans in 2022 as per reports os U.today.
Cardano blockchain achieved its first goal by planting more than one million trees in January as a part of its restoration project. All the planted trees have been recorded in the Cardano blockchain.
Talking about cardano price prediction it has seen a 2% gain in the last two days and has also managed to grab its spot as the fifth most capitalised cryptocurrency.
For now one cardano price is 1.43 US dollar and it is likely to see the boom in the coming days. Some people are even predicting that one cardano coin can go up to $10.
