As Christmas passes by, highlighting the end of the rough year of 2021, Charles Hoskinson reveals information about Cardano’s path going into 2022.
Founder of Cardano and CEO of IOHK described some promising set of goals that will keep the Crypto in shape for the upcoming year during a livestream that was hosted on the popular video platform YouTube. Charles also mentioned Cardano’s performance this year, highlighting the important goals that it managed to achieve.
Crypto Developments
Firstly, Charles highlighted the fact that both Cardano and the entire cryptocurrency space has grown to levels that no one could have expected. Hoskinson specifically focused on the development of Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi) while also reflecting on how many DeFi-based projects were impacted by hackers that resulted in the loss of values to reach more than $10Billion this year.
Cardano in 2021
Talking about the performance of Cardano this year, Charles noted that nearly 2million unique assets had been registered on the Cardano Network, with the majority of them being NFTs. Charles said that more than 127 projects are working to develop and push out unique decentralized applications (dApps) on Cardano’s network, expecting around 30 dApps that is scheduled to launch in the starting months of 2022.
Cardano also worked with Tanzania in order to provide users in the region with services such as social platforms, a digital identity and financial support. IOHK also joined forces with the University of Luxemburg to help students in Africa make better choices in their education.
Upcoming Projects
Regarding the plans for Cardano for next year, there are several that were mentioned by Charles. Hoskinson stated that with the coming year, “a formal open-source project structure’ is to be developed, referring to projects “like Hyperledger to Linux”. He also said that many firms will take part in this and that the people who are working on this will be ‘novated over” also including himself.
The African continent has also been a special part of the development of Cardano, with many new projects that are also scheduled to operate in the coming year that will help to increase Cardano’s presence in the region. Charles revealed that the Cardano Foundation would be working towards constructing a financial operating system in the 2nd quarter of next year, bringing the DeFi space to the African user base.
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