Nasdaq Acknowledges Cardano (ADA) as a “by the people, for the people” Type of Currency
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As a report has it, the number of active Cardano (ADA) wallets has hit a 1 million milestone. The new development was shared by Cardano Foundation in a series of tweets a few hours ago.

The Foundation also shared a number of achievements recorded in the Cardano ecosystem over the past few months.

Read Also: American Personal Trainer Julian Michaels Has Staked $500,000 in Cardano (ADA)

According to Cardano Foundation, over 70% of ADA ($33.95 billion) is currently staked across the world in relatively 2,500 active pools.

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The report further stated that over $500 million has been delegated to initiatives that are related to charity in the Cardano ecosystem. The recent collaboration with Save the Children and COTI is also aiding the charitable cause.

Read Also: Nearly $500 Million Worth of ADA in Project Catalyst Funds Now in the Cardano Treasury

The Foundation also shared the height of development in relation to the Plutus Pioneer Program. About 1,500 developers from around the world are now involved in the Program:

Read the update as shared in a series of tweets by Cardano Foundation as follows:

“US$500,000,000+ worth of ada is currently delegated to charity-focused initiatives on Cardano. Rewards generated by these pools, are being donated to 100+ charitable organizations worldwide.

“It’s not just through Staking that non-profit’s benefit. We recently announced our collaboration with Save the Children and COTI allowing NPO’s to receive and hold ada donations without converting into fiat currencies first – update soon.

Read Also: Cardano (ADA) Ecosystem Map Consisting Over 150 World-Class Organizations Displayed

“Bank Developers are starting to understand the benefits and mechanics of Staking; educating themselves on all things Cardano through the Plutus Pioneer Program.

“1,500 developers from around the world are already part of the Plutus Pioneer Program.

“Updates on Cardano ERC-20 Converter, Smart Contracts, P2P and more will be shared this coming Thursday, 27th May.”

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.