Cardano blockchain collaborated with EMURGO to allow third-party smart contract features in the Cardano network ecosystem.
Nowadays Cardano is the second biggest Cardano blockchain network in this crypto industry after Ethereum, which is facilitating huge numbers of transactions through its blockchain network. In the last 7 days, Cardano’s native token surged by more than 30%.
On 17 January, Cardano Foundation announced its partnership with the EMURGO to allow a vibrant, inclusive ecosystem for third-party smart contract development on Cardano.
After the successful deployment of the resources of both these two crypto projects, Cardano will create a staking tool and that stake tool will help the Cardano Blockchain network to bring accelerated decentralized application development.
Technical collaboration of EMURGO and Cardano will take place in two phases MVP1 and MVP2. In the first phase, both of these two parties will create stake tool MVP1.
Through the MVP2 phase, Cardano Foundation aimed to reach out to all the other projects in this space, who want to join the Cardano blockchain ecosystem to contribute openly.
The CEO of Cardano Foundation, Frederik Gregaard, commented on this collaboration with EMURGO.
“The development of this tool stack, in partnership with EMURGO, will further enable a vibrant, inclusive ecosystem for third-party smart contract development on Cardano.”
Cardano moving with the crypto trend
The majority of the people don’t know that the Cardano network is also following the current trend and needs of this crypto industry. Defi, NFTs, and Metaverse are also supported in its blockchain network.
Recently SundaeSwap, a decentralized exchange that is also inclined to Metaverse concept, is ready to deploy on the Cardano mainnet network on 20 January.