The CEO of IOG, Charles Hoskinson, has recently pointed out that the third-generation blockchain platform, Cardano (ADA), has more than 100 commercial projects in the pipeline.
Cardano’s native token, ADA, has been printing a significant price performance since the beginning of the year. At the time of publication, ADA is trading at $0.9445, with about a 4% price increase in the last 24 hours. Over the past week, the digital token has surged over 80%.
Also, according to CoinMarketCap, ADA has recorded more than 400% price surge year-to-date. This magnificent performance raises questions on what could have initiated the positive trend.
Cardano Has Over 100 Commercial Projects in the Pipeline
In a new interview with Crypto Banter’s Ran Neuner, the founder of Cardano (ADA), Charles Hoskinson, stated that the fundamental value of the project has always been evident. In the course of the interview, Hoskinson added that there are over 100 commercial projects cooking for Cardano.
Hoskinson said, “I have a hundred plus commercial projects in the pipeline that want to either migrate or build something on Cardano.”
One of these upcoming developments that the Cardano community has been anticipating has recently surfaced.
As earlier reported by Herald Sheets, SingularityNET (AGI), an Artificial Intelligence (AI) solution built on Ethereum blockchain, has started its second phase of migration to Cardano blockchain. That seems to be a good start as the community awaits the Goguen era.
According to IOG, this will be the first major token release on the smart contract platform. At the same time, it’s the largest democratic exercise in the history of decentralized Artificial Intelligence (AI).
As stated by IOG’s boss, these interested parties are not limited to decentralized finance (DeFi) protocols and crypto projects.
Hoskinson said, “We have Fortune 500 interest and we have government interest.”
Cardano’s Cooking Deal with African Government
Charles Hoskinson and his team have been reiterating the interest in leveraging the emerging African markets.
A couple of days ago, John O’Connor, the director of African Operations at IOG, announced that Cardano (ADA) is on the verge of securing a contract with an African government.
Although the progress of the development is yet to be revealed, the blockchain project is optimistic of welcoming millions of users into the Cardano vastly growing ecosystem for real-world use.