Cardano founder says we don’t need venture Investment

Charles Hoskinson shared about the Cardano blockchain growth and hinted that it is enough in itself to move toward adoption. 

Cardano is a popular crypto project. This project was started by the Ethereum co-founder Charles Hoskinson. Right now native token of the Cardano (ADA) project is standing at 6th rank, with 2% dominance in the whole crypto Industry. 

On 3 June Charles Hoskinson, founder of Cardano, took to Twitter to share about the growth of the Cardano project over the years. 

Charles stated: 

“I can’t help but recall the old scene from Back to the Future where the doc says, “Where we are going, we don’t need roads,” about Cardano and VCs. Where we are going, we don’t need VCs because we have already built one of the largest”

Cardano founder says we don't need venture Investment 1
SOURCE: Twitter

This statement of Cardano Founder is enough to show that he is happy with the growth of the Cardano project. And also many times, during the AMA session on YouTube, Charles said that they are working to bring a better blockchain network to this community instead of pumping the price of Bitcoin ADA coin through marketing strategy. 

Cardano focussed on Development works 

Recently crypto analytic firm Santiment published a report on the crypto developer activity in the crypto industry by different crypto projects. 

Santiment’s research found that Cardano was at the top in terms of Crypto developer activity. After Cardano, it was Kusama and Polkadot.  

It is worth noting, Polkadot and Kusama are both the projects of another Ethereum co-founder. This is a clear indication that the higher the development works, the higher will be the rate of success to sustain the future in the crypto industry. 

Read also: FDIC Chair says regulators working to allow American Banks to own crypto