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Nucast

Welcome to the twenty-second edition of the Intersect Development Report!In this edition, we look at the latest Cardano node release and updates to the Chang timeline. Plus, there is confirmation of Intersect’s constitutional council, updates from our committees, community tooling, events, and more! Let’s get straight to business with the latest on node 9.0!<h2 style="margin-left:2.4rem;">Node 9.0 is out</h2>Cardano <a href="https://github.com/IntersectMBO/cardano-node/releases">node v9.0</a> has arrived! This release signifies the completion of primary development work for the bootstrap phase of on-chain governance, leaving only minor updates to incorporate Cardano constitution elements. Now begins a period of ecosystem-driven testing and adoption. This latest version introduces highly anticipated features, including support for Plutus v1 reference scripts and Plutus script signature support via <a href="https://developers.cardano.org/docs/governance/cardano-improvement-proposals/cip-0069/">CIP-69</a>.Read more <a href="https://www.intersectmbo.org/news/node-9.0-enabling-a-new-era-of-decentralized-governance-on-cardano">here.</a>You can also learn more about the Chang timelines and dependencies, which have been updated <a href="https://docs.intersectmbo.org/cardano/cardano-upgrades/hard-forks/chang-timeline-and-dependencies">here.</a><img src="https://media.licdn.com/dms/image/D4E12AQG0T6WRj7C4jg/article-inline_image-shrink_1500_2232/0/1720815321025?e=1726099200&amp;v=beta&amp;t=ep2aEmrg26vqsO-LoTMStCgWF1e12wN2H8pZl1op2zk" alt="" loading="lazy"><h2 style="margin-left:2.4rem;">Introducing the Intersect Constitutional Council and countdown to the consultation workshops</h2>It has been another strong week for Intersect’s work on one of its core pillars: supporting Cardano’s on-chain governance.The interim Constitution Committee is now up and running, with onboarding continuing throughout July. As Intersect holds one of the seven seats, we will operate our seat as a member-led body known as the <a href="https://www.intersectmbo.org/news/announcing-intersects-constitutional-council-our-member-led-seat-on-the-interim-constitutional-committee">Intersect Constitutional Council</a>. We are grateful to all those who applied to join, and - from such a strong pool of applicants - we now have a Council in place. Read more and meet the Council <a href="https://www.intersectmbo.org/news/announcing-intersects-constitutional-council-our-member-led-seat-on-the-interim-constitutional-committee">here</a>.<h3 style="margin-left:2.4rem;">Global workshops</h3>In the meantime, the first <a href="https://www.intersectmbo.org/news/have-your-say-kicking-off-global-workshops-to-draft-the-final-constitution">Constitutional consultation workshop</a> dates are just weeks away. This is the community’s chance to have its say on Cardano’s final constitution as it goes through drafting and community consultation. As we make final arrangements with hosts, look out for invites to a nearby workshop soon and keep up with the full <a href="https://lu.ma/constitution">calendar of events on Luma here</a>.<h2 style="margin-left:2.4rem;">Working groups and committees</h2><h3 style="margin-left:2.4rem;">Bi-weekly Committee Report</h3>The next Committee bi-weekly report is live and provides the community with regular updates on committee outputs and their current status - including sub-committees and linked working groups. <a href="https://docs.google.com/document/d/1GZOWRfXM5o17P2fGZbIYF91Hnsp0kf-5x1PPQjNror0/edit?usp=sharing">You can find the latest report here</a>.<h3 style="margin-left:2.4rem;">Planning committee elections</h3>Work is continuing to design the committee election process. All current committees have been engaged to understand any special requirements we must consider. A community engagement session will be scheduled for the end of July and early August across various platforms. More details to follow!<h2 style="margin-left:2.4rem;">DRep Pioneer workshops</h2>Next week, we have 4 virtual workshops. Take advantage of this opportunity to learn more about the role of DReps and how you can get involved. These sessions are a great chance to gain valuable insights and connect with community members.Saturday 13, July&nbsp;<ul><li>Join Reshma Mohan virtually from 2:00 PM to 4:30 PM (IST) for a comprehensive recap of Modules 1 and 2. Reshma will also cover Modules 3 and 4 in detail, ensuring you thoroughly understand all the key concepts. The workshop will be in English. If you'd like to participate, please feel free to <a href="https://www.meetup.com/cardano-drep-workshop-india/events/302110667/">register here.</a></li></ul>&nbsp;Sunday 14, July&nbsp;<ul><li>Join Ha Nguyen virtually from 8:30 AM to 12 PM (UTC +7) for an introductory session on the roles and responsibilities of DReps, covering all modules in Vietnamese. If you'd like to participate, please feel free to <a href="https://www.meetup.com/cardano-blockchain-vietnam/events/301910276/">register here</a>.</li><li>Join Reshma Mohan on the second day for a recap of Modules 1 and 2 and to fully cover Modules 3 and 4. The session will be in English. Please register using the following <a href="https://www.meetup.com/cardano-drep-workshop-india/events/302110688/">link</a>.</li></ul>&nbsp;Wednesday 17, July&nbsp;<ul><li>On Wednesday, July 17, and Thursday, July 18, Bosco from Cardanista will host a Portuguese virtual workshop. This workshop will cover all the modules comprehensively. Each evening, the sessions will occur from 19:00 to 22:00 (UTC-3). <a href="https://docs.google.com/forms/d/e/1FAIpQLSeieIsaIjegodUH5QHPMkc4mVom6VlzK3AK_EZHX2-nOfBbsQ/viewform">Register here</a>.</li></ul>&nbsp;<h2 style="margin-left:2.4rem;">Community grants</h2><h3 style="margin-left:2.4rem;">Delivery updates</h3><a href="https://intersect.gitbook.io/intersect-community-grants/cohort-3/educational-and-multimedia/gm-cardano-governance-matters-cardano-videos-podcast">Mellod Designs</a> and <a href="https://intersect.gitbook.io/intersect-community-grants/cohort-3/educational-and-multimedia/making-cardano-governance-clear-and-accessible-to-everyone-portuguese-speaking-community">Daniela Alves</a> have published their most recent achievements as part of our education and multimedia grants.&nbsp;<ul><li>Mellod Designs has also shared their Cardano Matters video on the Interim Constitution Committee: <a href="https://www.youtube.com/watch?v=jLZB5SrLoLk">https://www.youtube.com/watch?v=jLZB5SrLoLk</a></li><li>Daniela Alves has shared some tutorials and educational materials (full resources <a href="https://intersect.gitbook.io/intersect-community-grants/cohort-3/educational-and-multimedia/making-cardano-governance-clear-and-accessible-to-everyone-portuguese-speaking-community">here</a>). The video tutorials include:</li></ul>&nbsp;<h2 style="margin-left:2.4rem;">Events</h2>Later this July, we have two exciting events in the LATAM region coming up! Through the LATAM community hub, Intersect will be present at Blockchain Rio and Argentina Digital Nation (ADN)!<img class="image_resized" style="width:632px;" src="https://media.licdn.com/dms/image/D4E12AQER85e-CHA61Q/article-inline_image-shrink_1500_2232/0/1720815320786?e=1726099200&amp;v=beta&amp;t=2fkr3eC2Q_w0m710-JqAxqAobynxFPSP_4U524fwzcc" alt="" loading="lazy">ADN: Argentina Digital Nation—This event, which will take place in the Puerto Madero Hilton - Buenos Aires on the 31st of July, is designed to attract critical figures and opinion leaders from the public, private, and web3 sectors in the fields of technology, politics, and entrepreneurship. It will provide a unique platform for in-depth discussions and meaningful collaborations. Expect around 600 attendees from across the globe, with over 25 recognized speakers, including Charles Hoskinson. It is an excellent opportunity to network with other blockchain enthusiasts.You can find more information, including how to book, here: <a href="http://adn.events/">adn.events</a><img class="image_resized" style="width:632px;" src="https://media.licdn.com/dms/image/D4E12AQEVPCiNlMtR-Q/article-inline_image-shrink_1500_2232/0/1720815430281?e=1726099200&amp;v=beta&amp;t=FW-S-H5OxCco63cZsOLwWcuyWZkRroYq03WBmz6jG-0" alt="" loading="lazy">Blockchain.RIO 2024 is happening over two days, July 24-25. It is one of the marquee blockchain events in the world and one of Latin America's most significant blockchain technology and digital finance innovation hubs. The event is set to be an open and dynamic ecosystem of events that brings together a diversity of key players from the tokenized economy and the real economy, focused on the ecosystem of innovation, development, digital finance, and compliance through education and business generation.Intersect will have a booth and keynote on the main stage! Find more information, including how to book, here: <a href="http://blockchain.rio/">Blockchain.RIO</a> Members &amp; Community hubs<h2 style="margin-left:2.4rem;">Local member meet-ups</h2>Many members have been organizing meet-ups, and plenty more are to come! We’ve had meet-ups in multiple countries, including Australia, Portugal, Estonia, the USA, Nigeria, Venezuela, and DRC, and plenty more are scheduled.<a href="https://docs.intersectmbo.org/intersect-community-grants/grant-projects#cohort-4-local-events-and-meet-ups">Read more</a><img src="https://media.licdn.com/dms/image/D4E12AQF7QpfWjprdfw/article-inline_image-shrink_1500_2232/0/1720815320128?e=1726099200&amp;v=beta&amp;t=SFzZrScxwhkuEU1pnpwfZOhoL_A16_zHplTa_grXhmM" alt="" loading="lazy">Img 1. Local meet-ups global spread<h3 style="margin-left:2.4rem;">Cardano Codex</h3>Intersect attended the Cardano Codex event in Chennai, India, on Saturday, July 6th. This event was hosted by Nucast and powered by Project Catalyst.Cardano Codex brought together Web3 and Cardano enthusiasts worldwide to network, offering key insights and a practical look at the real-world applications of Cardano's.<h3 style="margin-left:2.4rem;">Japan Community Hub</h3>&nbsp;<ul><li>LINE LIVE Talk: was held on the 12th of July and 14 persons attended. We’ll share the recording as soon as it becomes available.</li></ul>&nbsp;<h3 style="margin-left:2.4rem;">WADA Community Hub</h3>&nbsp;<ul><li>WADA Town Hall: Held on 11th July, 21 people participated.</li><li>Central Africa (Goma, DRC) Hub Town Hall: <a href="https://us06web.zoom.us/meeting/register/tZcofuqoqjsjEt3MEIrmEKcLEIY7pPiV4ZXN">Register here</a> for a pre-launch event on July 13th.</li></ul>&nbsp;LATAM Community Hub&nbsp;<ul><li>Our LATAM Community Hub had its second Town Hall - the recording is now available to watch <a href="https://www.youtube.com/watch?v=tmFOmFdE6bo">here</a>.</li></ul>&nbsp;<h2 style="margin-left:2.4rem;">Governance tooling</h2>The SanchoNet GovTool Beta is currently down as we rebuild following the latest SanchoNet respin. SanchoNet Govtool is connected to SanchoNet testnet, which means that if the network gets upgraded with new features, Govtool needs to be updated too. It also means we’ll have some exciting updates soon to share about GovTool’s features, so watch this space.Once the SanchoNet and the Govtool are back up and running, you can follow the stats on the participation dashboard.<h2 style="margin-left:2.4rem;">This week's reminders</h2>In this week's reminders section, we’d like to highlight:&nbsp;<ul><li>Our next Intersect town hall meeting will be on July 30th, hosted and facilitated by <a href="https://twitter.com/CatalystSwarm">SWARM</a>.</li></ul>&nbsp;<img src="https://media.licdn.com/dms/image/D4E12AQHRUG-4N7x5Lw/article-inline_image-shrink_1500_2232/0/1720815320016?e=1726099200&amp;v=beta&amp;t=yqbVpcr9R0kJwGWeHPpMJUsgNvJ8l4iYy6RqYbnTSM0" alt="" loading="lazy">Well, that’s it for this week's update. Thanks for reading!And finally, we’re interested in hearing more from you about subjects important to you, such as Cardano’s governance. Your ideas and suggestions are crucial to us. If you have any questions, ideas, or suggestions, please get in touch via email, <a href="https://twitter.com/IntersectMBO">X</a>, or <a href="https://www.linkedin.com/company/intersectmbo/?lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_all%3BL%2BUpawyyQ6eAmMJWN2VZlw%3D%3D">LinkedIn</a>.

Intersect

Intersect Development Update #22 - July 12th

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<li>According to a recent announcement, BUILD.5 has partnered with NMKR to add Cardano Tokenized assets to its enterprise platform. </li>
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<li>The report also discloses that the partnership would cause the expansion of the digital twin capabilities to the Cardano blockchain. </li>
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Cardano Tokenized assets are to be added to the BUILD.5 enterprise platform after a partnership between BUILD.5 association and <a href="https://www.crypto-news-flash.com/cardano-ada-price-turns-bullish-as-nmkr-and-nucast-create-first-ever-nft-ticketing-solution-for-million-dollar-event/" target="_blank">NMKR</a>. BUILD.5 is known as the leading developer of Cardano based NFT and asset tokenization products. With NMKR, the digital twin capabilities would be expanded to the Cardano blockchain. 
The BUILD.5 association has partnered with NMKR to add Cardano Tokenized assets to its BUILD.5 enterprise platform. <a target="_blank" href="https://twitter.com/nmkr_io?ref_src=twsrc%5Etfw">@nmkr_io</a>, is the leading developer of Cardano based NFT and asset tokenization products. Together with <a target="_blank" href="https://twitter.com/hashtag/BUILD5?src=hash&amp;ref_src=twsrc%5Etfw">#BUILD5</a>, enterprises will have even more optionality when… <a target="_blank" href="https://t.co/6Midbfzgqo">pic.twitter.com/6Midbfzgqo</a>— BUILD.5 (@build5tech) <a target="_blank" href="https://twitter.com/build5tech/status/1747506810951795058?ref_src=twsrc%5Etfw">January 17, 2024</a>
Adam Kundrat, lead developer and creator of the BUILD.5 platform commented:
<blockquote>NMKR’s design philosophy and approach towards building through the current challenges faced in web3 were a perfect fit for us. Adding their NFT and tokenization features now gives our enterprise customers the additional ability to mint digital twins on Cardano and expands the reach and impact of both of our projects and the L1s they support.</blockquote>
The Tokenization of Real World Assets (RWA) is said to be a representation of the “100 Trillion Dollar Path to Adoption”. According to the <a href="https://build5.com/blog/nmkr_collab/" target="_blank">report</a>, it ensures that confidential computing, cloud, edge, federated AI, and other technologies are made to transform and digitize the industry. The BUILD.5 enterprise platform is reported to be designed to address the issues of mass adoption of decentralized technology. It also integrates with existing enterprise systems as it ensures a “unified interface, modular features, and underlying infrastructure.”
<h3>BUILD.5 Introduces Marketplace </h3>
BUILD. 5 Marketplace is quite different from the normal traditional dApp stores. 
<blockquote>Unlike traditional dApp stores and marketplaces, the BUILD.5 Marketplace is a master planning system, a market of markets that gives ecosystems that leverage the platform the ability to create their own decentralized economies of scale and expandable service capacities. Any flavor of web3 can be integrated through the Marketplace.</blockquote>
iDOS Framework is said to be the heart of the platform. The IOTA Decentralized Operating System or iDOS is a revolutionary suite of production tools, etc. only found on the IOTA network. 
<blockquote>Our battle-tested code base has given us a framework to quickly iterate with our enterprise partners to add new features and demos for partners at the speed of light. The demand is clear as enterprises in markets that stretch across the globe have been engaging with the BUILD.5 team to help execute their strategic plans. We recently produced a custom use case requested by one of our Fortune 100 partners in 5 days! That’s the power of the BUILD.5 platform.</blockquote>
In response to this announcement, NMKR has surged by 6% in the last 24 hours. In the last seven days, the asset has surged by 17%. 
Recently, NMKR announced that it is working with Wolfram Research subsidiary Wolfram <a href="https://www.crypto-news-flash.com/how-blockdag-is-the-next-evolution-of-blockchain/" target="_blank">Blockchain Labs</a> (WBL) to enable organizations to achieve their Web3 goals. 
Patrick Tobler, CEO and founder of NMKR commented: 
<blockquote>The NMKR team is excited to be working with Wolfram Blockchain Labs and we believe that this partnership will allow us to create the best possible solution for the NFT community.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.</blockquote>
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Crypto News Flash (EN)

Cardano Welcomes BUILD.5 and NMKR Partnership, Supercharging Asset Tokenization

A good understanding of blockchain technology empowers individuals, developers, and organizations to harness its unique capabilities. It also enables them to build, as well as contribute to, the ecosystem with confidence. Informed users are more likely to embrace the potential of scalable, decentralized infrastructure and apply it to a wider range of use cases. The Cardano Foundation, therefore, not only supports research efforts but also constantly promotes and participates in educational activities that help explain blockchain and decentralization to various stakeholders.Early in 2023, CEO Frederik Gregaard provided a <a href="https://www.youtube.com/watch?v=89d8t72C4Uk">detailed explanation of the Foundation’s core focus areas</a> of operational resilience, education, and adoption. Our inaugural <a href="https://cardanofoundation.org/en/annual-report/">Annual Report</a> later delved into the Foundation’s activities during 2022, and an April masterclass and evening networking <a href="https://www.youtube.com/watch?v=G6EtT2SFcbE">event in London</a> offered a unique opportunity to dive into the ways blockchain addresses the needs of the financial industry.<h2 style="margin-left:0px;">Education in the realm of regulation</h2>Regulation is essential to blockchain education and can provide a clear framework to help legitimize the technology. Specifically, regulatory understanding helps protect investors and users, fostering trust and confidence in blockchain innovations while deterring fraudulent or malicious activities. Precisely for this reason, when responding to public consultation, including the <a href="https://cardanofoundation.org/en/news/taking-a-nuanced-approach-to-digital-asset-regulation/">Financial Stability Board's one on its stablecoin and crypto-asset activity recommendations</a>, the Foundation advocates for an adequate, risk-based legal and regulatory framework that takes into consideration the vast spectrum of current, as well as potential blockchain use cases.In October 2022, Gregaard traveled to Brussels for a fireside chat at the <a href="https://www.blockchain4europe.eu/event/blockchain-for-europe-summit-2022/">Blockchain for Europe Summit 2022</a>, titled “From open source to open governance.” The summit brought together representatives from multiple EU institutions that shape the blockchain sector, including academic and industry stakeholders. Notably, the two-day conference covered topics like the impact of <a href="https://www.europarl.europa.eu/news/en/press-room/20230414IPR80133/crypto-assets-green-light-to-new-rules-for-tracing-transfers-in-the-eu">MiCA and TFR</a> on the industry, tokenized economy, Digital Euro, stablecoins, DeFi, data and blockchain, smart contracts and AI, and more.Building on the momentum of this event, Gregaard appeared before the <a href="https://www.parallelparliament.co.uk/APPG/central-bank-and-digital-currency">All-Party Parliamentary Group on Central Bank Digital Currencies (CBDCs)</a> to discuss government-issued stablecoins. Soon after, he spoke with <a href="https://beincrypto.com/privacy-problem-cbdcs-says-cardano-foundation-ceo/">BeInCrypto</a> about the blockchain ecosystem and opportunities for digital assets in the country. During this discussion, Gregaard highlighted how the current debate around CBDCs primarily focuses on privacy and expressed regret that the conversation often stalls on the retail use of digital cash. Since this discussion, Gregaard has elaborated on the potential of a digital euro, suggesting it could redefine inclusivity, efficiency, and transparency in the European Union economy.In support of this stance, Gregaard penned an <a href="https://www.coindesk.com/layer2/2022/11/09/how-to-level-the-global-financial-system/">op-ed for CoinDesk</a>, which examined the need for a revolutionary spirit and regulatory awareness when aiming to replace incumbent bank technology. The op-ed stressed how blockchain acts as a vehicle for radical transparency, giving power to identity and new forms of governance. In fact, decentralized networks empower people to participate in and shape a more equitable and inclusive digital future.Delving deeper into the regulatory discussion, Gregaard wrote an <a href="https://www.cityam.com/why-we-must-engage-with-policymakers-on-the-importance-of-crypto-blockchain-and-defi-for-the-future-of-finance/">op-ed for CityAM</a>, discussing the importance of engaging with policymakers and how recent actions of UK regulators could provide a true agenda-setting approach. In the article, he highlighted the potential of decentralized finance (DeFi) and its ability to transform traditional financial services by eliminating intermediaries and reducing transaction costs. Gregaard reinforced this sentiment in <a href="https://x.com/Cardano_CF/status/1666128229952897024?s=20">responding to SEC filings</a> against Coinbase and Binance thereafter.This decentralized ethos also appeared prominently in the <a href="https://www.cvvc.com/insights#top50">CV VC Top 50 Report</a>, which featured Cardano as a leading entity. The report included an expert article from Gregaard, who wrote about the Foundation’s partnership with Georgia’s National Wine Agency—an organization that aims to bolster the country's reputation as a premium wine producer using the Cardano blockchain. The collaboration leverages blockchain's permanent, immutable, and verifiable nature to deliver a scalable, cost-effective method of ensuring the authenticity of Georgian wine. The Foundation is also tapping this unique blockchain functionality in collaboration with Switzerland for UNHCR, supporting several humanitarian initiatives.Gregaard equally attended the CV VC Top 50 Report Launch Dinner during the World Economic Forum in Davos and participated in the “Blockchain for Good” panel. After this event, as part of the <a href="https://crypto.live.ft.com/agenda/session/1034242">Financial Times' Crypto and Digital Assets Summit</a> in London, Gregaard joined Levan Davitashvili, Deputy Prime Minister and Minister of Economy of Georgia, in the panel "Building resilience with blockchain - can the use of blockchains curtail global disruption?".In addition, Francis Bignell of the Fintech Times interviewed Gregaard to discuss how the Cardano proof-of-stake (PoS) protocol, Ouroboros, improves the security guarantees of proof of work (PoW) at a fraction of the cost. Gregaard also took this opportunity to highlight the Foundation’s <a href="https://cardanofoundation.org/en/news/blockchain-reforestation-with-veritree-a-model-for-environmental-practices/">first Global Impact Challenge</a> with veritree, an organization that provides climate solutions via blockchain-verified tree planting.With a focus on emerging use cases, Gregaard later joined an <a href="https://twitter.com/Cardano_CF/status/1630537613730775040">X (formerly known as Twitter) space with Nucast</a>, a digital media ownership and content streaming platform on the Cardano blockchain. The discussion focused on the <a href="https://app.nucast.io/fest">Nucast Film Festival</a>, the first event of its kind on the Cardano blockchain.<h2 style="margin-left:0px;">Building bridges across communities</h2>In addition to Gregaard’s education-related efforts, several other Cardano Foundation members participated in various discussions and community events across a wide range of topics. For instance, Sandro Knöpfel, Head of Financial Institutions, spoke at <a href="https://www.youtube.com/watch?v=T49jTPsFMd0&amp;t=28s">Building Bridges</a>, where <a href="https://www.cardashift.com/">Cardashift</a> and <a href="https://worldmobile.io/en">World Mobile</a> were present. During the event, Knöpfel delivered a session titled "Beyond the Hype: Blockchain Infrastructure and Communities for the Global Goals."Knöpfel also took part via <a href="https://www.youtube.com/watch?v=q7YCUDVWn2A">a live stream recording</a> in the launching of Sri Lanka’s first NFT project with Coin Ceylon. Alongside this stream, national news featured the Cardano Foundation speaking at the <a href="https://www.yakka.art/live/">Yakka Art event</a> attended by government officials and organizations from the Colombo district. Sebastian Bode, Director of Engineering, examined the current and future of Layer-1 platforms in The Block’s panel discussion "<a href="https://www.youtube.com/watch?v=qfA7rldHIU4">Comparing Layer-1 Platforms: 2022 Edition Recap</a>." Bode also spoke with <a href="https://twitter.com/i/spaces/1yNGaNdlWlQJj">Bitrue</a> about the Cardano blockchain’s unique characteristics, as well as the Foundation’s role in advancing the network, later giving the opening talk at an educational session on the Web3Learn platform. The session, “<a href="https://www.youtube.com/watch?v=zbcVjBAXuX0&amp;t=192s">Intro to Cardano Ecosystem &amp; Opportunities</a>,” reviewed Cardano for developers, including the first steps for developers in the Cardano ecosystem, and discussed Cardano’s grant opportunities via Project Catalyst.A small group of Cardano Foundation representatives attended the <a href="https://www.youtube.com/watch?v=POeZjJEjYGc">Meta Monzón: II Blockchain and DeFi Congress</a> in Spain. During the event, Knöpfel participated in the "Smart Regulation and Misconceptions Across Markets" panel, while Jide Fashola, Head of Technical Integrations, joined the "<a href="https://www.youtube.com/watch?v=nORW0sYgAEE">Enterprise Use Cases</a>" panel, and Gregaard delivered a keynote addressing the specificities of "Protocols for the future of public administration and applications for the private sector.”Additionally, the Foundation had a booth at the <a href="https://www.cryptovalleyconference.com/">Crypto Valley Conference</a>, with multiple people from across the Foundation present. Knöpfel delivered a masterclass on "<a href="https://www.youtube.com/watch?v=uc-ZwMZSm8E">Upgrading the Systems of the World</a>" while Gregaard led a session titled "<a href="https://www.youtube.com/watch?v=50LJD-DSXIY&amp;list=PL2RguVq4YcL2nQJ3gO5gSxeLPEiq-IN8h&amp;index=36">Enterprise Blockchain is Dead...Long live Blockchain for Enterprise</a>".As a further effort to equip the community and stir conversations, the Foundation launched a new series of webinars titled “Let’s Talk Cardano.” The first focused on the Women of Cardano, featuring three panels: Businesses Building on Cardano, Cardano NFTs (cNFTs), and <a href="https://www.youtube.com/watch?v=eTGEIN5-wlA">Women in Catalyst</a>. Later <a href="https://www.youtube.com/watch?v=cy5fgLxZhmM">episodes</a> discussed the ways blockchain can create <a href="https://www.youtube.com/watch?v=8FP3Wsoi5Q8">positive social impact</a>, and equally gave the Cardano community an opportunity to <a href="https://www.youtube.com/watch?v=DlxMaD7VGz0">ask questions to our CEO, Frederik Gregaard</a>.The Cardano Foundation has long championed the multiple aspects of education, from fostering regulatory clarity or supporting blockchain research to providing reliable information. The <a href="https://academy.cardanofoundation.org/">Cardano Academy</a>, which had its Alpha Program launched early in the year, comes as another aspect of this commitment.Receiving such positive feedback for the Alpha Program and winning the <a href="https://www.parisblockchainweek.com/press/paris-blockchain-week-announces-star-studded-list-of-nominees-for-the-inaugural-edition-of-the-paris-blockchain-week-awards">People’s Choice Award at Paris Blockchain Week</a> has not only overjoyed the teams at the Foundation, but indeed reinforced our motivation to continuously strive to do more and better. The Foundation encourages anyone with questions or comments to reach out to us via any of our channels.David Taylor Chief Marketing Officer

Cardano Foundation

Driving Blockchain Technology: Cardano Foundation’s activities part 5

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The Web3 space is hinting at its entry into a decade of bullish transformation, evolving from being perceived as a mere buzzword to an innovation with higher utility. Key players in the industry are aiming to turbocharge the expansion and adoption of this revolutionary iteration of the Internet.
TheNewsCrypto sat down with <a href="https://sg.linkedin.com/in/sebastian-zilliacus-6a55a08?trk=public_post_feed-actor-name" target="_blank">Sebastian Zilliacus,</a> Managing Director at EMURGO, discussing the pivotal role of Cardano Spot in driving Web3 adoption. He shares exclusive insights on Cardano’s unique approach to interoperability, and how EMURGO fosters blockchain education and community engagement.
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<figure><img src="https://thenewscrypto.com/wp-content/uploads/2023/09/photo_2023-09-13_15-56-33-1024x682.jpg" alt srcset="https://thenewscrypto.com/wp-content/uploads/2023/09/photo_2023-09-13_15-56-33-1024x682.jpg 1024w, https://thenewscrypto.com/wp-content/uploads/2023/09/photo_2023-09-13_15-56-33-300x200.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2023/09/photo_2023-09-13_15-56-33-768x512.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2023/09/photo_2023-09-13_15-56-33-150x100.jpg 150w, https://thenewscrypto.com/wp-content/uploads/2023/09/photo_2023-09-13_15-56-33.jpg 1280w" /><figcaption>Sebastian Zilliacus, MD of EMURGO with Nitin Gupta, Lead Strategist of TheNewsCrypto</figcaption></figure></div>
In your view, how far has Web3 progressed as the next frontier of the internet? Can you highlight the role of Cardano in boosting Web3 adoption?
Sebastian Zilliacus (SZ): Web3 represents the vision of a decentralized internet, offering users unprecedented control over their online experiences. It champions ownership, censorship resistance, and the elimination of intermediaries in various applications and services.
The journey of Web3 began approximately six years ago, gaining momentum alongside the emergence of decentralized applications (DApps). This space has evolved significantly, with tens of thousands of DApps transforming numerous sectors, including payments, exchanges, lending, banking, financial services, art, music, gaming, and even distributed physical infrastructure.
Decentralized exchanges (DEXs) have facilitated trillions of dollars in transactions. At the same time, lending and borrowing protocols have enabled hundreds of billions of dollars in loans without the need for traditional underwriting banks. The Web3 ecosystem now boasts over 10 million monthly active users, showcasing remarkable growth.
In this exciting landscape, Cardano stands out as a formidable contributor to the advancement of Web3 adoption. Cardano offers a secure and appealing platform for developing applications, mainly drawing interest from enterprises and security-focused users. Notable projects like Book.io and Nucast leverage Cardano’s infrastructure to tokenize physical items like books and music as NFTs, broadening the potential user base and use cases.
Furthermore, Cardano is committed to addressing real-world challenges in developing countries across Asia and Africa. Initiatives such as World Mobile’s distributed local internet and Empowa’s rent-to-own property solutions exemplify Cardano’s dedication to empowering underserved populations with transformative opportunities. Cardano’s approach to solving real-world problems sets it apart from the broader crypto ecosystem.
In summary, Web3 has made significant strides, with countless DApps reshaping industries and attracting a growing user base. Cardano’s role in this transformation is noteworthy, providing a secure and versatile platform for developers, fostering inclusivity through projects targeting developing regions, and demonstrating a unique approach within the crypto landscape. Together, Web3 and Cardano are forging the path toward a decentralized and empowered digital future.
How is Cardano Spot designed to enhance community engagement and foster collaboration among ecosystem participants?
SZ: Cardano Spot is the <a href="https://cardanospot.io/landing-new" target="_blank">first all-in-one social media platform</a> for everything Cardano. Here Cardano fans and supporters come together. It’s designed to make it easy for people to find out what’s happening with Cardano and learn about it. Not only do web3 individuals highly value our product but we are also helping web2 businesses and individuals to join their web3 journey with us by sharing the knowledge and expertise about Cardano.
Talking about Cardano Spot as a product we have a bunch of valuable among the community features. Community Hub Page is one of them: here people from all over the world can talk about Cardano, they can share their thoughts, and ideas, and get to know each other. We also have a News Feed Page — a place where you can read deep-dive articles, the latest reports, interviews, and updates to know more about the ecosystem. We’ve gathered here guides, and tutorials to help you understand Cardano better.
We also believe in being inclusive, which means we welcome everyone. We celebrate the different projects within the Cardano Library Page and the ideas around it. We don’t just show these Cardano projects, we make them stand out so that people can see and support them.
We appreciate and recognize those who contribute, whether it’s by writing code like Cardano developers, creating an article like Cardano creators, leaving a message in a Community Hub or just being enthusiastic. Every little bit helps. We also create opportunities for people to work together. We organize events like meet and greet sessions, Twitter spaces, Live streams, and AMAs. We are looking for partnerships, and are happy to encourage new ideas within the community.
In short, Cardano Spot is a place where everyone can come to learn, share, and be part of the Cardano community. We’re here to make Cardano better and more accessible to everyone. For those who are familiar with Web3 and for the people who are only getting acquainted with it.
How distinct is Cardano’s approach to interoperability, incorporating solutions like cross-chain communication protocols and blockchain bridges?
SZ: Cardano’s vision of interoperability goes beyond technical solutions. It’s about creating an open and inclusive blockchain ecosystem where diverse networks can seamlessly interact and cooperate. For blockchain technology to reach its full potential, it must harmoniously integrate with other networks and assets. Its unique approach involves the development of cross-chain communication protocols and blockchain bridges. These mechanisms act as vital connectors, enabling the smooth flow of assets, data, and information across different blockchain networks.
Moreover, Cardano is deeply committed to open standards and collaboration within the blockchain space. We actively engage with other projects and platforms, aiming to establish universal standards that enhance interoperability. This collaborative approach is positioning Cardano as a driving force in advancing interoperability within the blockchain sphere.
Elliptic Curve Cryptography (ECC) has emerged as the predominant choice for crafting cryptographic protocols and ensuring the security of applications. ECC offers a comparable level of security to alternative methods but excels in efficiency by employing shorter keys and signatures. Within the realm of elliptic curves, one notable curve is Standards for Efficient Cryptography (SECP), with SECP256k1 being a prominent example. This curve is widely adopted by various blockchains, including Bitcoin, Ethereum, and Binance Chain, to implement public key cryptography. This involves the use of a key pair, consisting of a public key and a private key, to authenticate transaction signatures.
<div>Following the integration of new cryptographic primitives, Plutus will gain the capability to seamlessly validate transactions from other blockchains using the Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr standards. Meanwhile, the Milkomeda protocol offers EVM compatibility on Cardano. Lastly, I would add that interoperability is an industry-wide objective, not only a Cardano objective.What challenges has Cardano faced while integrating Web3 projects, and how has EMURGO contributed to overcoming them?</div>
SZ: Many Web3 projects demand a profound understanding of Cardano’s capabilities and potential. EMURGO has taken significant steps in educating newbies, developers, traders, enthusiasts, etc. about Cardano’s strengths and possibilities within the Web3 ecosystem. Additionally, the integration of Web3 projects often presents intricate technical challenges, so EMURGO’s blockchain expertise has proven invaluable in offering technical guidance and aiding project teams, ensuring a seamless integration process.
Equally crucial both for EMURGO and Cardano Spot is the establishment of a collaborative and supportive community for successful Web3 integrations. Our dedication to community engagement has nurtured a sense of cohesion among diverse projects, fostering collaboration and the sharing of knowledge.
What I would also like to highlight is that EMURGO’s investments are strategically spread across various domains within the blockchain and crypto space. Firstly, we actively support and invest in projects within the Cardano ecosystem, promoting growth and innovation. These investments fuel the development of decentralized applications (DApps), DeFi solutions, and NFT platforms, enriching Cardano’s ecosystem.
Beyond Cardano, EMURGO looks to the broader blockchain landscape. We seek opportunities in projects transitioning from Web2 to Web3, which harness blockchain technology to revolutionize industries. We are open to investments in projects from other blockchain networks, emphasizing the importance of cross-chain interoperability and collaboration.
<div>By diversifying the investments, EMURGO contributes to the overall advancement of blockchain technology and its adoption across various sectors, accelerating the shift toward a decentralized future.Right education aids in propelling adoption, and EMURGO aligns with this goal. How effective are Web3 players, including EMURGO, in educating the community about blockchain technology to drive adoption?</div>
SZ: The effectiveness of Web3 players in educating the community about blockchain technology can vary. At Cardano Spot, we have a community-centric approach that focuses on content quality, accessibility, engagement, and continuous improvement. We aim to achieve the mission of promoting blockchain adoption through education. We focus on creating a global community hub by localizing our content.
We collaborate with Cardano native projects, educational platforms, and media businesses, providing awareness efforts. We hold hackathons and several content competitions, including tracking the number of participants, the knowledge gained, and the practical applications of blockchain technology by the community.
Moreover, EMURGO Academy has already been educating developers and decentralized finance (DeFi) professionals. The Academy offers the Cardano Solutions Architect (CSA) program for emerging developers. This program empowers developers to brainstorm, design, and create potential commercial applications for their startup ventures. Expanding upon the foundation provided by the Cardano Developer Professional program, this initiative centers on an in-depth exploration of use-case analysis, token economics, and related concepts.
As the Managing Director of the Media Division at EMURGO, could you provide insight into upcoming EMURGO and Cardano collaborative projects or initiatives?
SZ: At the moment we are heavily involved in the decentralization of Cardano. Voltaire is the final building era of the Cardano roadmap. From the beginning, Cardano’s development has been divided into several eras with each focusing on a different part of its technology.
The Voltaire era deals with its governance by the community and decentralization of the network.
The first steps in the discussion about Cardano’s future governance are underway with the community as the focus with support from EMURGO, Input Output Global, and Cardano Foundation through CIP-1694 workshops, constitution, and liquid democracy. Intersect was recently launched, which is the Cardano MBO.
Once Voltaire is in motion, the Cardano community will go from a passive watcher to an active entity when it comes to decision-making and steering of Cardano as a whole. The network will have a first-of-its-kind blockchain constitution meant to transparently and fairly rule over a decentralized network of community members.
What are the upcoming big plans that are exclusive to Cardano?
SZ: Certainly, when we look ahead to the next decade, Cardano’s future unfolds with a comprehensive vision spanning various dimensions. A pivotal facet of this vision is the drive for mass adoption. Over the next ten years, Cardano seeks to position itself as a global financial and social operating system, serving individuals, businesses, governments, and institutions on a global scale.
One of the defining elements of Cardano’s future is the dynamic growth of DeFi and its transformative influence on finance. We anticipate a wave of innovation and expansion in the DeFi arena within the Cardano ecosystem, making financial services more accessible and inclusive for all.
The integration of smart contracts into Cardano’s framework will open up a world of possibilities, nurturing a vibrant ecosystem of DApps spanning diverse sectors. From financial services to healthcare, supply chain management to entertainment, smart contracts will revolutionize interactions and transactions.
In the coming years, we anticipate forging deeper partnerships with governments, educational institutions, and enterprises worldwide, fostering collaborative research, development, and real-world applications.
Educational and research initiatives will empower the next generation of blockchain developers and researchers, bolstering the ecosystem’s strength. Community expansion will remain a central theme, with community-driven projects and initiatives driving innovation and outreach.
Lastly, Cardano’s dedication to social impact projects remains unwavering. These endeavors will continue to address real-world challenges in areas such as identity management, voting systems, and supply chain transparency.
What advice will you give emerging projects for effectively building a strong community? 
SZ: As an emerging project looking to establish a robust community, there are several key principles to consider. Firstly, transparency in their project’s roadmap is essential. Clearly articulating their objectives, milestones, and the path they plan to take instills trust and confidence in a community. It shows them that they have a well-thought-out plan and are committed to achieving the goals.
Secondly, authenticity. Their intentions should be sincere, and their actions should be aligned with their words. Authenticity resonates with people and helps build a community of supporters who genuinely believe in their project.
Thirdly, we advise engaging the community across various platforms and mediums. In today’s digital age, communication is multifaceted. Utilizing different channels to reach a broader audience and connect with the community is essential.
Lastly, it’s crucial to understand the broader culture of the crypto and blockchain space, as well as the specific subcultures within it. Different communities may have distinct preferences, values, and expectations. Being culturally aware allows us to tailor the approach and engage with these communities more meaningfully.
Disclaimer: The information provided in this interview article is for informational purposes only. It is not intended to be, nor should it be construed as, investment advice, financial guidance, or a recommendation to make any specific decisions. Readers are encouraged to conduct their own research.
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