Cardano launches Testnet to get closer to smart contracts, Polymarket odds bet against project – Altcoins Bitcoin News

On July 14th, Cardano network developers IOHK announced that the project’s latest test network called Alonzo White had been deployed. IOHK stated that it has accepted new participants and that the move will help the project move “towards smart contracts”. Two days later, a Cardano-based project called Spores raised $ 2.3 million to build a non-fungible token (NFT) and a decentralized financial marketplace (defi).

Cardano launches Alonzo White

This week the Cardano (ADA) network launched the successful hard fork of the Alonzo Blue test network project for the Alonzo White node. The upgrade aims to increase participation, but will also help strengthen functional Smart Contracts based on Cardano.

“Hard fork successful”, IOHK tweeted On Wednesday. “We are pleased to be able to report today at 7.44 UTC that we have successfully forked the Alonzo test network onto the new Alonzo White node. The new network is already making blockages happy. Over the past week we built a new network and recorded our new shot to help us bring smart contracts closer. Now the next leg of the journey begins, ”added IOHK.

The recent Testnet upgrade follows recent backlash from Cardano’s founder, Charles Hoskinsonsaw her on Twitter lately. Hoskinson has been criticized for making predictions that failed to meet some of the expectations within the crypto community.

“In addition to our core SPO group, we are now joined by members of the Project Catalyst crew and other Plutus partners. Plus a few more pioneers to help us move forward before we open up any further. You can find out more about the trip in our mid-month update, ”IOHK said on Wednesday.

Full-Stack NFT and Defi Marketplace Project Sporen brings in $ 2.3 million

On Friday, a Cardano-based project called Sporen revealed that the startup had raised $ 2.3 million in new funds. According to the announcement, Sporen aims to build “the first full-stack NFTs and decentralized financial market (defi)”. Investors who participated in the Sporen funding round include NGC, SVC, Exnetwork, SL2, Twin Apex, Focus Labs, Maven Capital, OIG and Vivian Capital.

Duc Luu, the spurs chairman, hopes the company can become a crypto-infused marketplace, much like giants like Alibaba. “We will launch Asia’s leading NFT marketplace and decentralized funding tools to be Alibaba and Alipay of the crypto world,” Luu said in a statement on Friday.

Polymarket Odds are betting that Cardano will produce smart contracts by October 1st

Meanwhile, a Polymarket prediction market has been launched, showing that participants are betting on whether or not Cardano will release smart contracts by October 1, 2021. The odds show that it is currently 58-42 against the project developing functional smart contract technology by that date.

Cardano introduces Testnet to get closer to smart contracts, Polymarket odds bet against project
The Polymarket forecast market odds for July 16, 2021.

In addition, Bitcoin.com news columnist Terence Zimwara reported two days ago about Save the Children in Rwanda in collaboration with the Cardano Foundation. The agreement became possible after Cardano “installed a payment gateway that enables” [cardano] Donations flow directly into the project without intermediaries, ”says the report.

What do you think of the introduction of the Alonzo White Testnet by IOHK and the recent spore fundraising campaign? What do you think of the polymarket forecast market that is betting on the outcome of Cardano Smart Contracts? Let us know what you think on this matter in the comments below.

Tags in this story

ada, ADA-Spenden, Alonzo Blue, Alonzo White, Backlash, Cardano, Cardano (ADA), Cardano Foundation, Cardano Smart Contracts, Charles Hoskinson, DeFi, Defi Marketplace, Full-Stack NFT, IOHK, IOHK-Projekt, Polymarket Odds, Prediction Market, Save the Children in Rwanda, Smart Contracts, Spurs

Photo credits: Shutterstock, Pixabay, Wiki Commons

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