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Cardano Ecosystem

U.Today

08/05/2023

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IOTA Cofounder: Exciting Cardano Collaboration Plans in Works

IOTA cofounder Dominik Schiener teases exciting plans in works for Shimmer-IOTA and Cardano blockchains

IOTA Cofounder: Exciting Cardano Collaboration Plans in Works

In an exciting announcement, the Cardano Foundation revealed the first round of speakers for its flagship annual event, Cardano Summit 2023, which will take place in Dubai, UAE, from Nov. 2 to 4.

The event will feature keynote speeches, panel discussions and interactive workshops across three core themes: operational resilience, education and adoption.

The Cardano Summit event, which will welcome a broad range of experts and leaders in the blockchain space, has IOTA cofounder and chairman of the IOTA Foundation Dominik Schiener slated as one of the key speakers. The IOTA founder, who revealed the news on Twitter, commented: "I'm excited to join this year's Cardano Summit 2023 as a speaker. Can't wait to bring our great communities closer together."

Schiener's tweet attracted responses from members of both communities, who were happy that the move might further bring both IOTA and Cardano together.

In line with community expectations, the IOTA cofounder expressed joy at the possibility of a collaboration between Shimmer/IOTA and Cardano. "We have some exciting plans to bring Cardano and Shimmer/IOTA closer together," Schiener stated.

IOTA's incentivized staging network, Shimmer, was introduced in September to enhance the network's overall utility for developers and traders. The EVM public testnet was deployed on Shimmer in March, as a key step ahead of the Shimmer EVM introduction to the mainnet.

It is worth nothing that IOTA's cofounder has remained cordial with the Cardano community. The recent development comes as no surprise, as Schiener and Cardano cofounder Charles Hoskinson had previously engaged in amicable Twitter conversations, with Schiener asking about the development of a "bridge" that would connect IOTA to the Cardano network at the time.

About the author 
Tomiwabold Olajide Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

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