Cardano is expected to officially enter the smart contract stage in August and September. It has gradually formed an ecological pattern dominated by DEX and NFT projects. In addition, various types of applications such as Launchpad, stable coins, lending and wallets in the field of DeFi has also appeared.
Written by: Karen
There is a cold joke in the cryptocurrency world: When will Cardano’s smart contracts go online?
, a long-established public chain project that was once considered a strong competitor of Ethereum , due to its relatively slow development process, has made its ambitious goal of building a smart contract platform seem to have been forgotten by the crypto community. However, in recent months, the Cardano development team has accelerated development, and at the same time, some projects have begun to seek or have begun to build on Cardano.
Because Cardano has not yet fully transitioned to the smart contract stage, most ecological projects are currently in the early stages. In an interview with Bloomberg in March this year, Cardano founder Charles Hoskinson emphasized that "More than 100 companies are already considering migrating from Ethereum when Cardano's functions mature."
This article will select some of the announced projects that will be sought in the future. Build on Cardano, or sort out projects that will be migrated to Cardano.
Before taking a look at the Cardano ecosystem, Lianwen will first take you to understand Cardano’s network and technological progress, so as to have a better understanding and assessment of the development potential of the Cardano ecosystem.
Network progress: pledged volume accounts for more than 70% of total circulation
Data from Staking Rewards shows that as early as the beginning of this year, Cardano surpassed Polkadot to become the largest staking network based on pledge value, and currently ranks second to fourth. The names are Ethereum, Solana and Polkadot. In addition, statistics from ADApools show that as of the time of writing, the Cardano network has a total of 2841 staking pools with more than 660,000 clients and a total pledge volume of 23 billion ADA, accounting for more than 70% of the total ADA circulation. .
Technology Progress: It is expected to enter the smart contract stage in August and September. The
Cardano project has three main official participants, namely Cardano Foundation , Cardano’s commercial incubation company EMURGO and technology development company IOHK. According to the Cardano roadmap, the development stages of the Cardano network include five stages: Byron (foundation), Shelly (decentralization), Goguen (smart contracts), Basho (expansion), and Voltaire (governance). Cardano is currently transitioning from the Shelly stage of to the Goguen stage of .
The conditions that Cardano must meet to enter the smart contract stage include the introduction of transaction metadata , token locking mechanism , asset functions and support for smart contracts . In addition, compared to Ethereum, Cardano also introduced the much-anticipated native token support function .
introduces native token functionality and multi-asset support Mary protocol upgrade was deployed by Cardano in early March this year. It is worth noting that the logic of the native token functionality is based on the Cardano ledger rather than smart contracts. In short, Cardano natively supports user-defined tokens through a native token framework, meaning there is no need for custom code or the transaction fees required by smart contracts, which Cardano says “largely eliminates the need to Similar to the pain points such as complexity, inefficiency and cost existing in the Ethereum blockchain."
In April, the Cardano team also established a private environment to run end-to-end tests of the ERC-20 Converter, allowing users to migrate supported tokens from Ethereum to Cardano.It is expected that in August or September this year, the next protocol upgrade Alonzo will add support for smart contracts to Cardano, introduce a multi-functional platform for building smart contracts, and allow the creation of smart contracts and the decentralization of decentralized finance (DeFi). Applications (DApps), creating opportunities for businesses and developers. In mid-June, a simple Plutus smart contract was successfully run on the AlonzoBlue Cardano testnet.
In addition, the cross-chain bridge between Nervos and Cardano will also be launched soon, allowing users to interoperate and use the native tokens (CKB and ADA) of Nervos and Cardano, and create their own tokens (user-defined tokens) on the two blockchains. currency), thereby opening up the ecology between the two public chains.
Ecological progress: DEX and NFT dominate
At present, the vast majority of Cardano ecological projects are built on Ethereum and are in the early stages of development and exploration. However, an ecological pattern has gradually formed mainly with DEX and NFT projects. In addition, in Launchpad , stable currency , lending and other DeFi fields and wallet systems have also begun to gradually emerge.
This article counts 54 Cardano ecological projects, including 4 IDO platforms , 13 DEX, AMM or liquidity protocols , 14 NFT project , as well as other wallets, oracle projects, platforms, payment projects, and stability Coin projects, etc.
IDO platform
CardStarter
CardStarter (CARD) was launched on March 29. It focuses on becoming the Launchpad and incubator of the Cardano network. It also plans to introduce a decentralized trading platform and AMM, namely CardSwap, in the third quarter. CardStarter has set up a tiered system through its token CARD, and token holders receive a corresponding proportion of their investment amount based on the amount of pledges.
Of course, CardStarter is currently deployed on Ethereum and will be migrated after the smart contract platform is deployed on Cardano. Meanwhile, CardStarter said that all projects supported through CardStarter are preparing to go live on the Cardano network.
Official information shows that CardStarter’s partners include X21 Digital, BlockSync Ventures, Moonwhale Ventures, Scryptic Tech and Longtail Financial.
Occam.fi
Occam.fi (OCC) is an intelligent DeFi layer under the Cardano ecosystem. It is mainly composed of three components: Launchapad platform OccamRazer, decentralized exchange OccamX and governance layer OccamDAO. It currently specializes in OccamRazer.
Occam.fi will go through four stages to finally integrate all DeFi modules for users. It has deployed OccamRazer on Ethereum in mid-April, and at the same time conducted an IDO for its tokens through the platform. The second and third stages DEX OccamX will be released on the Ethereum testnet and mainnet respectively. In the fourth phase, OccamX and OccamRazer will be deployed on the Cardano mainnet.
In addition, OccamRazer allows projects to raise funds in a variety of ways, including fixed price mechanisms, dynamic rise or fall mechanisms, IDO-type bonding curve mechanisms, auctions, etc. It also sets up a tiered system for users participating in IDO based on the OCC pledge amount.
In addition, Occam.fi is also building a cross-chain liquidity bridge . It has released an internal beta version of the Ethereum and Cardano cross-chain liquidity bridge in June. Projects launched through OccamRazer will be able to take advantage of this cross-chain liquidity bridge. Chain Bridge accesses the Ethereum user base and liquidity.
TrustPad
TrustPad is a decentralized multi-chain IDO platform, including support for Binance Smart Chain, Ethereum, Solana and Cardano, designed to help project parties raise funds and help early investors screen relatively safe investment opportunities.
Ventup.io
Ventup.io’s core product is also a community-based Launchpad. It completed US$100,000 in Pre-Seed financing in April this year. Investors include Spark Digital Capital, Blocksync Ventures and Dots Capital. Blocksync Ventures, Venetta Capital, Spark Digital Capital and X21 Digital, among others.
Ventup.io will first launch its IDO platform on Polygon and will migrate there when the Cardano smart contract is ready in the third quarter. In addition, Ventup.io stated that it will work with the Polygon team to build a Polygon-Cardano bridge to provide cross-chain liquidity for the Polygon and Cardano ecosystems.
AMM/DEX/ Liquidity protocol
Adax
Adax aims to become a DeFi solution in the Cardano ecosystem and will introduce a DEX protocol that can provide token exchange and NFT trading functions. Among them, the DEX protocol will be based on the AMM model. Adax plans to officially launch its platform after the Cardano smart contract goes online in the third quarter of this year, and integrate the IOHK ERC20 bridge and support cross-chain in the first quarter of next year.
CardSwap
CardSwap (CSWAP) is CardStarter’s native DEX. It has not yet been launched, but liquidity mining has been opened on CardStarter. Additionally, projects launched through CardStarter will have their liquidity migrated to CardSwap.
Cardax
Cardax is scheduled to go live after Cardano completes the Alonzo hard fork and will allow trading of ADA and any Cardano native token. Cardax is also optimizing and expanding AMM, and is currently studying the EAMM protocol (Extended Automated Market Maker protocol), which aims to integrate the advantages of order books and AMM to solve the problem and reduce the need for token issuers to mortgage large amounts of funds when creating trading pairs in the early stages. Impermanent loss.
ErgoDEX
ErgoDEX aims to build a decentralized exchange that allows rapid transfer of liquidity between the Ergo and Cardano networks. Most of the team members come from Ergo and IT company Mail.ru Group. ErgoDEX will use Ergo's extended UTXO "eUTXO" model to integrate AMM and order books, allowing liquidity to be shared between exchanges on the Ergo and Cardano ecosystems.
Ergo aims to be an application platform focused on providing an efficient, secure and simple way to implement financial contracts, and its consensus protocol Autolykos is based on the Proof of Work (PoW) consensus algorithm.
In ErgoDEX, the DEX will earn fees from the order book and AMM services (in the form of ErgoDEX’s native token ERG token), and liquidity providers and traders will also receive rewards.
deFIRE
deFIRE is a DeFi platform designed for the Cardano ecosystem, providing execution services for DEX token transactions, order routing services for DEX, and intermediary services between order flow initiators (such as wallets) and final execution platforms (such as DEX) .
In May this year, deFIRE completed US$5 million in financing, with participation from Axia8 Ventures, Lotus Capital, Hype Partners, Moonwhale and others.
DeFinity Network
DeFinity Network will be jointly launched by DMALINK, a foreign exchange trader, and WeOwn, a technology company specializing in blockchain services. It claims to be a decentralized trading solution suitable for the foreign exchange market, digital currency and central bank digital currency . As a second-layer DEX solution, DeFinity leverages existing frameworks (including WeOwn, Ethereum, Polkadot, Binance Smart Chain BSC, and Cardano) to build an interoperable decentralized ecosystem.
DeFinity Network’s strategic and seed investors include Moonwhale, M6, Lotus Capital and U21 Capital, among others, in addition to previous IDOs on CardStarter and Occam. According to the roadmap, the project will launch its DEX platform in 2022.
Minswap
Minswap focuses on DEX and will be launched on the Cardano testnet soon, but the token economics are still being designed.Minswap said it is researching multiple types of AMM liquidity pools and will allow users’ transactions to pass through the most efficient pool, possibly later moving to a DEX aggregator. In addition, Minswap will also launch IDO products.
Matrixswap
Matrixswap is a decentralized perpetual contract trading protocol based on virtual AMM (vAMM) and will be deployed on Polkadot and Cardano. The main component of Matrixswap is THE MATRIX, which interacts with the cross-chain bridge Construct, the DEX aggregator Nebuchadnezzar, the oracle and the governance mechanism ZionDAO. Among them, Nebuchadnezzar is designed to allow traders to transfer multiple tokens through one transaction in an emergency. The currency is exchanged for an asset.
Matrixswap governance token MATRIX (currently an ERC20 token) will adopt a deflationary economic design. In addition, 50% of platform transaction fees will be repurchased and destroyed.
Orion Protocol
Orion Protocol is a liquidity aggregation protocol powered by a unique liquidity aggregator that combines trading, portfolio management, and wallet functions into a user-friendly interface.
Orion Protocol and Cardano development company IOHK reached a partnership in April this year to become a liquidity aggregator for the Cardano blockchain.
SundaeSwap
SundaeSwap was originally planned to be launched on the Binance Smart Chain, but later decided to be deployed directly on Cardano. SundaeSwap will adopt the innovative financing mechanism of Initial Stake Pool Offering (ISO). The ISO mechanism is borrowed from Cardano equity mining. The difference is that after SundaeSwap runs a equity pool node to collect all ADA, it will use the token SUNDAE Form rewards go to the delegation community, not ADA.
Regarding the project roadmap, SundaeSwap will launch Cardano this quarter, release a bug bounty program and open ISO. In the fourth quarter, it will also launch limit orders and direct exchange functions. In addition, SundaeSwap has recently established a partnership with CardStarter. CardStarter will help develop SundaeSwap DEX and provide liquidity when the DEX is launched.
Tosdis
Tosdis is a one-stop DeFi interoperability solution. Currently, its Staking-as-a-Service system allows TosDis to provide staking services for all projects on Ethereum and Binance Smart Chain, and also provides liquidity mining. Mining, innovative project incubator, cross-chain bridge, liquidity staking and other services.
According to the roadmap, Tosdis plans to integrate Solana and Cardano in the third quarter of this year, as well as develop a cross-chain DEX platform.
Vy Finance divides its ecosystem into three parts, namely DEX, AH (Auto-Harvester) and Swap. Among them, AH is designed as a neural network (neural net). By staking ADA and Vy Finance native tokens in the AH smart contract To manage liquidity supply on behalf of users.
Vy Finance also partnered with Cardano ecosystem oracle Charli3 in June to obtain accurate price data streams.
YaySwap
YaySwap plans to provide users with liquidity provision and limit order trading functions by integrating AMM and order books. Yayswap Liquidity will be released after Cardano enables smart contracts from August to October. The YaySwap platform will be officially released in the next two weeks, and Wrapped will be released in November. Token service that allows users to exchange tokens between Cardano and other blockchains.
Regarding the fee model, YaySwap will charge a 0.25% exchange fee. In addition, users need to hold at least 0.1 YaySwap tokens YAY to perform exchanges. At the same time, YaySwap will redistribute a portion of the fees collected to YAY token holders, and liquidity providers can also earn reward tokens.
NFT
ADAZOO
ADAZOO hopes to build an NFT game based on Cardano. Its NFT collectible is LACIE. Only those who hold LACIE are eligible to participate in the game. Players can obtain more LACIE rewards during the game and can continuously upgrade their characters. In addition, players can also purchase virtual land tokens LAND, and LAND holders can earn income from every transaction in their territory.
Artano
Artano is a community-driven NFT market. The artano.io/artamint website has recently been launched for users to mint NFTs on Cardano. Specifically, you can enter the name, creator, address of the NFT you want to mint, and the image, video or audio to be minted. Wait for the content, and then receive the casting code through email to conduct NFT casting.
Bondly
Bondly is designed to bring the first batch of certified digital goods to the sports, music, e-sports and collectibles markets. It also has NFT exchange platform NFTSwap, DeFi-enabled e-commerce gateway BProtect and other products.
IOHK said at the end of last year that it had established a partnership with Bondly Finance, which would become the first DeFi project on Cardano. Additionally, Dan Friedman, IOHK’s business development manager, serves as an advisor to the Bondly team.
CardanoSpace
CardanoSpace is a website that allows users to have a place on their website, which is a 100x100 grid. Each cell in the grid is an NFT, and the NFT holder can determine the image displayed by the grid, the message content displayed, and the addition of a link URL. Currently, CardanoSpace is selling the grid in batches.
According to official information, the two team members of CardanoSpace are product managers from Amsterdam, the Netherlands. They currently only develop CardanoSpace in the evenings and weekends, and have full-time plans after completing the NFT sale.
CardanoTales
CardanoTale is a hybrid RPG game platform based on Cardano. It will launch stand-alone games and multiplayer games in phases. Players can explore in the maze (BlockCave), encounter different characters, and collect treasures and rare items. Among them, characters and items In the form of Cardano NFTs (CNFTs), they can be obtained through battles or participation in activities.
CNFT.IO
CNFT.IO is a game distribution platform. Its games include popular NFT projects such as Finger Monsters, Professor Cardano, Cardano Kidz and PlanetPalz. Among them, Finger Monsters is a finger monster NFT game; CardanoKidz hopes to build a cooler NFT project than CryptoKitties. More than 11,000 NFTs have been sold through multiple rounds of sales. The contents of these NFTs include Cardano ecological leaders and diverse communities. And some complaints.
Cardano Sounds
CardanoSounds is an experimental NFT project that will be launched on Cardano and will be launched in partnership with software engineer Dominik Zachar and Czech sound artist and producer B.O.P. CardanoSounds includes an automated distribution system that uses Arweave for media storage and front-end hosting. Users can trade to create, share, collect and use NFTs with audio, and the user who originally generated the NFT can also earn royalties.
NFT-DAO
NFT-DAO aims to build an open source suite of NFT standards, tools and DApps on Cardano, and then cultivate a collaborative economy by mobilizing a P2P network to build a composable NFT framework, allowing anyone to deploy a specific NFT market. In addition, NFT-DAO is also registered with the Wyoming Legislature as "NFT DAO LLC".
NFT Key
NFT The Key program helps users use their NFTs as Keys (authentication) by providing a service to verify and track the ownership of Cardano NFTs.
PlayerMint
PlayerMint is a toolkit that can earn income in the Metaverse. It has two types: fungible tokens and non-fungible tokens (NFT). The fungible token PMX can be expressed through the game as the asset of the toolkit. Obtained, NFT is obtained by players using PMX to mint or trade, and the metadata will be stored in IPFS and Arweave. It is worth noting that when an NFT is created, it is not minted until the first transaction, so users do not need to incur NFT minting costs before actually selling the NFT.
In order to fully integrate PlayerMint into the Metaverse, the protocol will be deployed in gaming environments such as Fortnite and social environments such as Discord or Twitch. PlayerMint will provide technology developers with an SDK for game engines like Unreal Engine to enable deep integration and create economies.
PRüF
PRüF is positioned as a privacy-first and secure NFT infrastructure platform, building an NFT universal asset management platform for users, content creators and NFT teams, allowing customized NFTs to be launched without writing smart contracts. PRüF has been deployed on Ethereum and will be deployed on platforms such as Cardano.
SpaceBuds
SpaceBuds Launched by two crypto enthusiasts, there are 10,000 SpaceBuds astronaut NFTs, each with different races, backgrounds, items, and other rarities. NFT metadata is linked to the image on IPFS and Arweave to keep the data immutable and retrievable.
SpaceBuds has previously been pre-sold according to the tiered price range, with prices ranging from 10ADA to 100ADA. Currently, users can send and receive NFT, and NFT transactions will be opened after Cardano activates the smart contract.
Tokhun
Tokhun is the NFT market platform of the Cardano ecosystem. It has currently released a public beta application. When users log in using Github, an ADA address will be automatically generated. Functions or features include the casting of NFT or fungible tokens and integration with IPFS for storage. Later, Tokhun will also add functions such as asset sales and custody.
THEOS
THEOS Created by Alex Tai, former COO and co-founder of Virgin Galactic,
THEOS is an instant liquidity protocol for NFT tokens designed to meet the needs of the emerging NFT economy. The THEOS team will initially explore the potential of Cardano as a smart contract platform of choice.
wallet
AdaLite
AdaLite, created by development company Vacuumlabs, is a Cardano hardware wallet that currently supports Trezor model T, Ledger Nano X and Ledger Nano S.
Daedalu is an official full-node wallet built using web technology on the open source platform Electron, mainly launched by the IOHK team. Unlike light wallets, Daedalus downloads a complete copy of the Cardano blockchain and independently verifies every transaction in its history.
GeroWallet
GeroWallet is a Web 3.0 light wallet. In addition to the wallet function, it will support the purchase of digital assets with legal currency, transfer of digital assets and other functions, as well as support (cross-chain) exchange and trading, staking, etc. by integrating DEX on other Cardano networks. function, and also supports seamless integration with DApp.
The GeroWallet platform token is GERO, which is currently on Ethereum and will be migrated to Cardano later. According to Project Lightpaper, the GERO token itself has features such as the ability to earn platform fees and fee rebates through staking, unlocking advanced features such as wallet analytics tracking, and governance. GeroWallet plans to use GERO as a payment option for all transaction fees on the Cardano network through the wallet.
Regarding project progress and planning, at present, GeroWallet has built a browser extension and conducted an IDO on CardStarter. In the third quarter, cross-chain exchange and staking functions will be implemented. In the fourth quarter, it will support the purchase and release of hardware wallets with legal currency. Services such as lending and synthetic assets will be introduced next year.
RAY
Ray Network was created by Sellpixels.com, owner of the Visual Builder SAAS platform that helps hundreds of technology companies around the world build Web applications. It aims to build an open source ecosystem for the Cardano ecosystem. The functions or services provided by its light wallet Ray Wallet include asset sending, Exchange, pledge, NFT market, Launchpad platform "KickStart Crowdfunding", etc. and NFT market.
In addition, Ray Network will provide discounts on platform fees to holders of the governance token XRAY, which is also the payment token in the NFT market as well as the Launchpad platform.
Yoroi
Yoroi is a light wallet for Cardano, launched by EMURGO and designed by IOHK.
oracle
Charli3
Charli3 is the first decentralized oracle project being built on the Cardano network. System verification functions include multi-oracle node consensus, using native tokens to force node staking, and preventing Sybil attacks, etc. The token of
Charli3 is C3 (ERC-20), and it has currently completed IDO on CardStarter. In addition, Charli3 will integrate price data from the DEX tool DEXTools. The total supply of C3 is 100 million, of which the seed round, private placement round and public sale tokens account for 37%, 20% is allocated to the team, and 31% is allocated to liquidity mining.
Wolfram Alpha
Wolfram Alpha is a new generation search engine developed by Wolfram Research, a company that develops computational mathematics application software. Wolfram Alpha is classified as an oracle because in December last year, IOHK established a partnership with Wolfram Alpha, and Cardano data will be integrated into the Wolfram Alpha computational intelligence engine. IOHK also said at the time that it would use Wolfram Alpha to provide oracle services for Cardano, allowing data to be transferred from various sources into the blockchain.
Lending
Aada
Aada is a decentralized lending protocol based on Cardano that allows depositing assets to earn interest or borrowing assets. Currently, Aada is establishing a decentralized autonomous organization (DAO), and platform fees will be distributed to AADA token holders. Aada will release the front-end MVP and release a beta version this quarter.
According to the official website page, the Aada team includes two developers of the Cardano Plutus Pioneer Program, namely Mantas Andriuska and Aidas Klimas.
Liqwid
Liqwid is a Cardano-based algorithm and non-custodial lending protocol built specifically for lenders, borrowers and developers. It builds a decentralized market for borrowers and lenders by providing funds, minting interest-bearing qTokens, borrowing assets and participating in governance to achieve seamless interaction. The
Lqwid team is composed of traditional financial industry professionals, DeFi power users, and Haskell developers. According to the project development plan, Liqwid plans to release v1.0 on Plutus in August, including modules such as market and revenue mining.
MELD
MELD is a decentralized and non-custodial liquidity protocol in the Cardano ecosystem, mainly providing lending services. MELD has also introduced an Initial Staking Pool Offering (ISPO) model, where users wishing to participate in their ISPO can delegate ADA to the public MELD staking pool to earn MELD tokens.
Nexo
In June, crypto lending platform Nexo entered into a partnership with IOHK to integrate ADA into its financial services. IOHK Chief Technology Officer Romain Pellerin said, "Bringing Nexo into our growing ecosystem will provide the Cardano community with more ADA options and utility." Choose to build your own payment solution and digitize any currency to save costs and increase efficiency. The core of the COTI infrastructure is a machine learning proprietary consensus algorithm based on a multi-DAG (Directed Acyclic Graph) data structure that works together to improve scalability.
COTI also received investment from Cardano ecosystem venture capital fund cFund in April this year.
Revuto
Revuto is a subscription payment application based on Cardano. It is designed to allow users to control the content, time and method of their subscription payments to help save costs. Supported payment types include Cardano native tokens. Revuto's native tokens on Cardano, REVU and Euro Stable, are supported by default. Coin EURR. At the same time, Revuto will also offer micro-loans to pay subscription fees next year and launch a physical Revuto debit card to pay for goods with cryptocurrency.
Revuto raised $1.7 million in funding in May, led by Black Dragon, and later raised $10 million through a token sale.
Social Platform
SoMee
SoMee is a social media platform. The three standards are privacy, freedom of speech and security. Users can earn rewards by simply posting content, commenting, liking and sharing. SoMee will also add short video publishing, video calling and other functions in the future. Its wallet SoMee wallet will help users manage and track rewards, and will have built-in transaction functions. Currently, SoMee has released a beta version and has undergone multiple updates.
SoMee also has an IDO on CardStater, which will be integrated on the Hive blockchain by the end of August, and will later be built on Cardano once the Cardano smart contracts are ready.
Stablecoin
AgeUSD
AgeUSD is an algorithmic stablecoin protocol announced by the Ergo Foundation, EMURGO and IOHK in the first half of this year and will also be available on the Cardano blockchain once Plutus, Cardano’s dedicated smart contract environment, is enabled.
Statis
At the end of June this year, the DeFi project Occam.fi announced that it would cooperate with the stablecoin issuer Stasis to provide the first euro stablecoin - Stasis Euro (EU RS) on Cardano through Occam. Stasis will work with Occam to develop innovative decentralized finance solutions for Cardano.
Synthetic Assets
Indigo Protocol
Indigo Protocol is an algorithmic synthetic asset protocol based on Cardano that allows the creation of synthetic assets that track real-world asset prices. It also includes modules for minting, trading, liquidity provision, staking, governance, etc. Currently, Indigo is under development.
Möbius Finance
Mobius Finance is a decentralized trading platform that can create and trade any synthetic assets and can support any financial instrument, including ETFs, commodities, stocks, bonds and other off-chain assets. Mobius Finance is currently deployed on Polygon and is also planned to be deployed on Cardano. Investors in Mobius Finance include Magnus Capital, Moonwhale and others.
Asset Management
Ledgity
Ledgity is a digital solution designed for financial advisors, based on the Cardano ecosystem, connecting crypto assets, DeFi investment solutions and traditional finance through an intuitive, secure and transparent financial services platform.
Ledgity offers digital solutions including account aggregation tools, governance tools, CRM tools and communication channels. In addition, the Ledgity team will also develop a cryptocurrency exchange aggregator to provide customers with the best price execution.
Data / Storage / Tools
blockfrost.io
blockfrost.io provides developers with an instant and scalable Cardano API, allowing users to interact with the Cardano blockchain and parts of its ecosystem. blockfrost.io plans to be open source in the future.
Iagon
IAGON is a decentralized data storage platform that completed US$3.4 million in financing at the end of June. LedgerLink Labs led the investment, and Blockchain Israel, AU21 Capital and others participated. The IAGON team will use the financing to create a data storage platform on Cardano.
Other
World Mobile
World Mobile aims to create a mobile network built on blockchain and the sharing economy, creating a digital ID for each World Mobile user to access digital banking, education and healthcare. Become a network node to earn WMT token rewards while securing the network and processing transactions. World Mobile has also raised $5 million in private funding, according to NewsBTC .
Official information also shows that World Mobile’s partners include Cardano development company IOHK.World Mobile CEO Micky Watkins said that Cardano was chosen because of their Ouroboros consensus mechanism, Plutus platform smart contracts and Atala Prism digital ID (DID), which are useful for connecting with banks and other financial or insurance services (such as small loans) Access is crucial.
SingularityNET
SingularityNET is a blockchain artificial intelligence (AI) platform that planned to move most of its network from Ethereum to Cardano half a year ago, and has swapped its AGI tokens for Cardano-compatible and interoperable AGIX in May.
SingularityNET said that by combining the features of the Cardano blockchain such as its high degree of modularity and formal verifiability with SingularityNET’s artificial intelligence capabilities, a decentralized collaborative artificial intelligence service platform will be created.
Summary
From technical aspects it will take nearly two months for Cardano to enter the smart contract stage. However, its native token function, the ERC-20 converter that can transfer tokens from Ethereum to Cardano, and The Initial Pledge Pool Offering (ISPO) scheme adopted by some Cardano ecological projects can, to a certain extent, attract more traffic and funds from other ecosystems such as Ethereum.
Judging from the ecological project distribution , it is currently mainly concentrated in the NFT and DEX fields, and the corresponding imperfections in infrastructure, tools and supporting services have gradually emerged.
