Cardano Creator Charles Hoskinson Says Hundreds of Crypto Projects Gearing Up for Launch After Blockchain Upgrade

Charles Hoskinson says many projects are preparing to launch on the Cardano (ADA) blockchain after its Vasil hard fork upgrade.

Hoskinson, the Cardano co-creator, says in a tweet that there are hundreds of projects announcing they will advance using ADA’s new capabilities become available to developers next week.

“I’ve seen hundreds of tweets like this one. Lots of projects are excited to deploy now.”

He refers to the project from the decentralized streaming music company NEWM, which is developing a platform to allow artists to share music among consumers and earn royalties through NFTs.

NEWM says the Vasil upgrade will make its operations more efficient.

“What does this mean for our community? We’ve been waiting for Vasil to deploy our smart contracts. This upgrade makes them more efficient and cost-effective on Cardano. The future of music is happening now! More on this soon.”

In another tweet, Hoskinson praises the achievement of the upgrade while criticizing a news headline for saying the upgrade came after a three-month delay.

“It’s amazing to me to see the passive aggressiveness in some of the headlines. We’ve just completed a major milestone that took coordination and testing from people and companies across the world, but the news item is ‘three-month delay’? Journalists always tell you who they are.”

The Input Output Hong Kong (IOHK) CEO previously said the upgrade makes the goals of ADA seem achievable.

“We built Cardano to be the financial operating system of the world. We built it to bank the unbanked. We built it as a community to give economic identity to those who don’t have it so we can have one global fair marketplace.”

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Terablete