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Bitcoinik

08/16/2022

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Cardano lover criticizes Galaxy Digital CEO badly

Mike Novogratz Takes Another Bashing After "Saying Cardano Doesn't Have Traction with Developers". Read this full report

Cardano lover criticizes Galaxy Digital CEO badly

Last updated Aug 16, 2022

A Twitter user criticized the chief executive officer of Galaxy Digital CEO for his eager support for the Terra (Luna) project.

Galaxy Digital is a technology-driven financial investment management company. This company provides institutions and direct clients with a full suite of financial solutions spanning the crypto & blockchain ecosystem. Mike Novogratz CEO and founder of this company.

Around one year ago, on 15 August 2021, Mike Novogratz tweeted that he talked about the Cardano project with 20 talented people in the crypto space and no one of them said that Cardano had any traction toward developers. 

Now, just after a year, a Cardano user “@DanielTetsuyama, shared that screenshot of Galaxy Digital CEO’ tweet and tweeted that he showed Luna’s tattoo of Mike Novogratz to 20 people and every one of them laughed. 

This tweet by the Cardano supporter is criticizing Mike badly because he supported the Terra (Luna) project. When in May of this year Terra ecosystem collapsed then at that time many people talked about the arm Luna tattoo of the Galaxy Digital CEO and criticized him for such bad project promotion.

Pac protocol co-founder on Cardano

Recently Pac Protocol co-founder David Gokhshtein also talked about the Cardano project. He confirmed that he is holding ADA coins but the main problem with Cardano is about the ecosystem, which doesn’t attract the developers fastly. 

I’ve held $ADA, but as the weeks have moved on it’s grown on it.

Again, the only problem I have is that it takes a while to understand the ecosystem, which might push away people from building on it.

— David Gokhshtein (@davidgokhshtein) August 14, 2022

At present, the Cardano blockchain is in a situation where it is getting significant traction in the crypto industry because of the ongoing development works. 

Cardano developer team IOHK will introduce “Vasil Hardfork” in the Cardano Blockchain network in the incoming few weeks. Initially, Vasil Hardfork was planned by late June but technical challenges forced the team to reschedule the upgrade work many times. 

Read also: Popular crypto influencer David Gokhshtein talked about the problem of Cardano (ADA)

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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