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Crypto News Flash (EN)

12/27/2023

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Crypto Collab Alert: Arbitrum, Cardano, and Mina Protocol Unite for 2024 Innovation

Sebastien Guillemot has hinted at an upcoming collaboration between Cardano, Arbitrum, and Mina Protocol.  Cardano’s Charles Hopkinson recently mentioned the interesting growth of the network and how its...

Crypto Collab Alert: Arbitrum, Cardano, and Mina Protocol Unite for 2024 Innovation
  • Sebastien Guillemot has hinted at an upcoming collaboration between Cardano, Arbitrum, and Mina Protocol. 
  • Cardano’s Charles Hopkinson recently mentioned the interesting growth of the network and how its milestones were achieved without the media. 

The crypto ecosystem is expected to undergo a massive transformation in 2024 as several groundbreaking projects and events are reported to be in the pipeline. With many enthusiasts expecting the Bitcoin halving event and the possible approval of the spot Bitcoin Exchange-Traded Fund with bated breath, a massive collaboration is expected to add to the tall list of announcements in the coming year.

Speaking on X, Sebastien Guillemot, co-founder of DcSpark and Paima Studios who is also a software engineer and a Cardano community member hinted that there could be a collaboration between Cardano (ADA), Arbitrum, and Mina Protocol. 

With Ethereum sentiments being in the dumps right now, I'd just like to say working with Arbitrum (@arbitrum) has been a great experience 👍

Expect more projects that combine Arbitrum with @cardano and @MinaProtocol in the 2024 👍

— Sebastien Guillemot (@SebastienGllmt) December 26, 2023

The post was met with a positive reaction from the crypto community with Guillemot admitting that Cardano’s inability to easily verify a ZK Proof on the mainnet could be the missing link. However, this could be easily addressed in the next hard fork. He also shared a blog post that highlights the challenges of layer 1 which cannot realistically scale to native support for a single MMO.

However, the fact that Layer1s has the most users and most liquidity with the top ten chains representing 80 percent of the entire crypto market is a plus. 

It’s no secret that Web2 games currently process more transactions than any web3 game can handle. Although more recent games like our onchain RPG game Tarochi handled hundreds of concurrent players at launch with no problem, online games like FF14 peaks at over 20,000 active players daily. Our goal, therefore, has to be to scale decentralized gaming experiences to the same player count. This post describes our plans on how to get there by leveraging ZK cryptography.

More on Cardano, Mina Protocol, and Arbitrum

The report further discloses that the realization of these innovative concepts in MMOs triggered a 120% growth for Cardano last year. Regardless, Cardano is still 80% down from its record peak in September 2021. Arbitrum and Mina Protocol have also recorded an incredible surge in activities. It can be recalled that Arbitrum’s governance community recently voted for the start of the staking rewards program, leading to a price surge of the native token (ARB). As of press time, Arbitrum was trading at $1.31 after surging by 17.9% in the last seven days. 

Comparatively, Cardano (ADA) is also up by 2% in the last seven days to trade at $0.60. Ada has a neutral market sentiment with a score of 53/100. 

Recently, Cardano’s Charles Hopkinson took a dig at Bitcoin while addressing how his network has grown over time with an interesting increase in functionalities and recording milestones. According to him, the network was able to come this far without the involvement of the crypto media or influencers. 

In reality, Cardano is designed to operate at these loads and there is a huge design space to optimize the network and DApps for more scale both in the short term and long term. We are winning and did it without VCs, the crypto media, or influencers. Just good old-fashioned community growth and engagement, just like Bitcoin did.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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