On July 14, IOHK, the developers of the Cardano network, announced the deployment of the project’s latest test network, called Alonzo white. The IOHK said it has onboarded new participants and that the move will help the project “get closer to smart contracts”. Two days later, a Cardano-based project called Spores raised $ 2.3 million to create a non-fungible token (NFT) and decentralized finance (challenge) marketplace.
Cardano launches Alonzo White
This week the Cardano (THERE IS) initiated the successful hard fork of the Alonzo Blue testnet project to the Alonzo White node. The upgrade aims to increase participation, but will also help strengthen functional smart contracts based on Cardano.
“Successful hard fork”, IOHK tweeted Wednesday. “Glad to announce today that it was around 19:44 UTC, we have successfully branched off the Alonzo testnet to the new Alonzo White node. Fortunately, the new network is already building blocks. Over the past week, we’ve created a new network and integrated our new intake ready to help us get closer to smart contracts. Now the next leg of the journey begins, ”added IOHK.
The recent testnet upgrade follows the recent reaction the founder of Cardano, Charles Hoskinson, seen on Twitter lately. Hoskinson has been criticized for making projections that failed to meet some of the expectations within the crypto community.
“In addition to our core SPO group, we are now joined by members of the Project Catalyst team and other Plutus partners. Plus a few more pioneers to move us forward before opening up more. You can read more about the trip in our mid-month update, ”IOHK said on Wednesday.
NEW VIDEO: On Wednesday we managed to get into the #AlonzoWhite network test phase. @timbharrison caught up on hardfork day with part of the team working on the program. Here’s our mid-month update on the progress so far. #Cardano 👍 https://t.co/kh8qCeSAd1
– Input Output (@InputOutputHK) July 16, 2021
Spores from the Full-Stack NFT and Defi Marketplace project raises $ 2.3 million
Friday, a Cardano-based project called Spores revealed the startup raised $ 2.3 million in new funding. According to the announcement, Spores aims to create “the first full-stack NFT and decentralized finance (challenge) market.” Investors who participated in Spores’ funding round include NGC, SVC, Exnetwork, SL2, Twin Apex, Focus Labs, Maven Capital, OIG and Vivian Capital.
Duc Luu, executive chairman of Spores, is hoping the company can grow into a cryptocurrency-infused market similar to giants like Alibaba. “We will launch Asia’s first NFT marketplace and decentralized funding tools to be the crypto world’s Alibaba and Alipay,” Luu said in a statement Friday.
Polymarket odds bet against production of smart contracts by Cardano by October 1
Meanwhile, a polymarket prediction market was launched which shows betting participants whether or not Cardano will release smart contracts by October 1, 2021. At the time of writing, the Cardano smart contract betting prediction market has a trading volume of $ 255,075 . The odds show that he is currently 58-42 against the project producing a working smart contract technology as of this date.
Additionally, two days ago, the Bitcoin.com News columnist Terence zimwara reported on Save the Children Rwanda’s partnership with the Cardano Foundation. the arrangement became possible after Cardano “installed a payment gateway that allows [cardano] donations come directly to the project without intermediaries, ”the report notes.
What do you think of IOHK’s launch of the Alonzo White testnet and the recent Spores fundraiser? What do you think of the polymarket prediction market to bet on the outcome of Cardano smart contracts? Let us know what you think of this topic in the comments section below.
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