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Cardano Ecosystem

COTI

11/30/2023

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Unlocking Possibilities: Introducing the COTI Foundation!

We are delighted to announce the launch of the COTI Foundation, an independent, non-profit organization passionately dedicated to driving the adoption and progression of the COTI network.

Unlocking Possibilities: Introducing the COTI Foundation!

We are delighted to announce the launch of the COTI Foundation, an independent, non-profit organization passionately dedicated to driving the adoption and progression of the COTI network.

The COTI Foundation is a stepping stone in COTI’s path to launch COTI V2 next year, as will be revealed in the coming weeks.

Positioned as an autonomous organization, the foundation plays a pivotal role in propelling COTI V2 towards a global and permissionless network, free from previously imposed limitations.

This strategic move enhances accessibility and fosters an environment of innovation, marking a significant milestone in COTI’s journey toward a decentralized future.

COTI Foundation Objectives:

1. Awareness and Education: We are passionate about strategically educating users, communities, developers, and policymakers about COTI, fostering a comprehensive understanding of its advanced technology.

2. Adoption: We are actively fostering an ecosystem conducive to heightened blockchain utility and widespread adoption, introducing COTI to enterprises and developers worldwide.

3. Infrastructure Development: Through grants and unwavering support, we are actively encouraging the development of innovative COTI-based solutions, contributing to the enhancement of the current ecosystem and laying the groundwork for future advancements.

4. Network Security: We are facilitating and coordinating the decentralization of infrastructure for node operators, ensuring the secure operation of the network.

The COTI Foundation will be led by a distinguished and experienced board, headed by Eyal Wagner. A fintech veteran with over 15 years of experience, including a decade in executive roles and board memberships for regulated financial entities, Wagner boasts an impressive track record. During his tenure as the CEO of brokerage firms within the group, he played a key role in significant acquisition deals, including Leverate group by Saxo Bank in a USD 50 million valuation deal (2011) and Markets.com group by Playtech PLC in a EUR 458 million valuation deal (2015). Wagner has been a board member of COTI from 2017 to 2018, and he is also the founder of Castle Rock (a Gibraltar-based fund manager) and Cole Capital, an algorithmic trading fund established in 2020.

COTI

COTI, through its subsidiary company Tchain, the entity responsible for developing the Trustchain protocol to date, will continue to be employed to build and maintain the COTI V2 protocol. COTI will also facilitate client acquisition and establish commercial agreements that utilize the COTI protocol.

Get ready for a new era of innovation and unlimited possibilities!

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ORIGINAL SOURCE

https://medium.com/cotinetwork/unlocking...

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