Charles Hoskinson hosted a YouTube Christmas stream, and he used it to announce Cardano’s plans for the year 2022.
The project’s founder discussed the rise of NFT and DeFi and hacks in the area of decentralized finance. This type of cyber-criminal conduct, he claims, resulted in a loss of more than $ 10.5 billion in just 2021.
The project head also mentioned the achievements. One of them is the issuance of “two million assets”, most of which are NFTs. Hoskinson said that based on its blockchain, the dApp writes to 127 projects. Between 20 and 30 of them will debut in the next three months.
Cardano is a cryptocurrency that focuses on using blockchain technology to empower decentralized applications. It is currently one of the most successful blockchain projects in the world. The team behind Cardano has created a strategic plan which aims to make Cardano the number one digital currency.
Cardano’s CEO stated that the company’s objective for the coming year is to establish institutions that would support the project and to launch a formal open-source framework:
Next year we will create a formal structure for an open-source project, something like Hyperledger for Linux. Many institutions will be connected to the network, and all the people who are currently working on it will be relocated, including me.
Africa has always played a significant role in Cardano’s strategy, and the project plans to expand on this continent next year. Financial integration is still lacking, and that is why the Cardano Foundation intends to “create a financial operating system” that will provide access to DeFi services to Africans.
My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance deal on Cardano.
IOHK and World Mobile partnered in the middle of the year to launch an initiative that will use Cardano’s blockchain to generate digital identities, mobile internet connections, and financial acceptance for Tanzanian communities. Their primary objective will be to deliver a high-quality internet connection while utilizing environmentally friendly, renewable energy sources.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.