By Nathan Ferguson
A worldwide blockchain technology platform EMURGO, which was established back in 2017, has introduced the open beta version of its social platform called “Cardano Spot” on Cardano. The platform was developed to provide a solution to the Cardano ecosystem’s fragmentation along with assisting the community of crypto assets.
EMURGO Releases Cardano Spot’s Open Beta Version on Cardano Blockchain
Recently, EMURGO Media (a founding collaborator of Cardano) issued a press release in which it noted that it introduced Cardano Spot’s closed version. It added that, since the respective release, the platform is continuously developing in line with the direction and feedback provided by the community. It also revealed that the project is open for onboarding the projects powered by the Cardano blockchain.
EMURGO Media’s Managing Director “Sebastian Ziliaucus” also commented on this move. The executive mentioned that they quietly operated on developing the respective platform according to the community’s guidelines. Ziliacus added that the open beta version contains a lot of exclusive features along with welcoming suggestions and ideas from the entire community.
More than a thousand projects are being developed on top of Cardano’s blockchain. In addition to this, above 4 million people are members of the platform’s community. Cardano Spot will offer services to these projects as well as their communities for diverse purposes. One of the facilities to be provided by Cardano Spot will be a community hub that will be a curated and personalized home feed.
This feature will permit the creators to develop content. Along with this, the customers will be allowed to follow the creators as well as discover other community members of their kind. Another feature to be provided by Cardano Spot is a news feed.
This will offer exclusive insights and updates regarding the ecosystem of Cardano. The respective feature will deal with content such as educational video material, articles, and posts to spread awareness and expertise.
The project library is known as another feature to be provided by Cardano Spot. With this, the consumers can delve into the projects on the Cardano ecosystem along with discovering new trends. The library is rich with content and offers the description of the projects, their whitepaper, as well an explainer video along with the links that can assist in researching a project.
Apart from this, an event calendar is also provided by Cardano Spot. This facility helps consumers remember in-person as well as online crypto-related events. The events to be listed by the calendar take into account product launches, discussions, meetups, webinars, and so on. Cardano Spot additionally offers market status, permitting the users to access new information related to tokenomics, market capitalization, and token prices.
The typical hold tie of Cardano on the exchange platform has kept on rising significantly since the addition of the feature. The price pages of the exchange entity additionally display that Cardano counts as the sixth most famous crypto token on the platform. The exchange reveals that the majority of the consumers around social media have a neutral position in the case of crypto assets.
Cardano’s Price Rises More than Other Tokens
Even then, ADA has witnessed maximum returns in eighteen months as of January this year, following its price elevating by 58.9% to reach $0.39. This price movement of Cardano was the best seen by it since 2021’s August, categorizing it among the most resilient assets in terms of performance.