The cryptocurrency space continues to expand, and users need to be educated about the various aspects of the industry
Cardano is one of the leading cryptocurrency projects in the world. In recent years, it has experienced tremendous growth and is now the third largest cryptocurrency by market capitalization, right behind Ether and Bitcoin.
Emurgo, Cardano’s commercial and venture arm, announced yesterday during the Cardano Summit 2021 that it will invest $ 100 million in cryptocurrency education. The funds will be focused on educating people about Cardano’s blockchain efforts.
They will also use the funds to promote decentralized finance (DeFi) and non – fungible token (NFT) solutions on the blockchain. Cardano is one of Ethereum’s biggest competitors, and the funds could help promote the NFT and DeFi applications currently available on the blockchain.
Emurgo CEO Ken Kodama pointed out that the investment will accelerate the development of the Cardano ecosystem. Cardano has developed excellently in recent years thanks to the investments of companies such as Emurgo.
Emurgo is one of the founding companies of Cardano and is known for providing solutions to businesses, governments and developers. Cardano became the third largest cryptocurrency by market capitalization thanks to the use of smart contract features on the blockchain.
In addition, Cardano founder Charles Hoskinson donated $ 20 million to establish the Hoskinson Center for Formal Mathematics at Carnegie Mellon University (CMU). The center will focus on the study of mathematical theorems through the discovery of evidence, the verification of steps and the certification of correctness with the help of computers.
The Cardano blockchain already hosts some NFTs and DeFi projects. However, it wants to continue to grow and eventually compete with Ethereum in terms of NFTs, DeFi and other smart contract features. Another blockchain that puts Ethereum and Cardano in serious competition is Solana.
The Solana blockchain is one of the most widely used in the cryptocurrency space, and numerous investors are bullish about the project. The DeFi and NFT sectors are expected to experience massive growth in the coming years, and these smart contract blockchains are likely to lead the rollout