Cardano (ADA) Price Returns to $1. Will Support Hold?
  • Cardano Blockchain has 1,003 projects being developed under its platform by far.
  • Input Output, EMURGO, and Cardano Foundation will be at Consensus 2022.
  • These 3 organizations will hold a free meetup today ahead of the Consensus event.

Cardano, a proof-of-stake blockchain platform, revealed how many projects are currently building on the Cardano space. The research and development company Input Output disclosed in a tweet that there are 1,003 projects as of today building in Cardano blockchain.

Founded in 2015 by Ethereum co-founder Charles Hokinson, Cardano is one of the largest cryptocurrencies by market cap. It allows the development of a vast range of decentralized finance apps, new crypto tokens, games, and more.

The 1,003 projects building on Cardano is composed of 40.4% NFT collections, 6% Community & Social, 4.8% Developer Tool, API or library, 4.2% marketplaces, 4.2% gaming, 4.1% Metaverse, 3.7% wallets, 1.2% stablecoins, 1.7% lending, and the list goes on. Cardano blockchain aims to provide banking services to the world’s unbanked. 

On the other news, Input Output Global (IOG), EMURGO, and Cardano Foundation will be joining this year’s Consensus 2022, the “festival for the decentralized world.” Hokinson will be speaking at the main conference scheduled June 9-12. The Cardano main booth will display variety of products and ongoing and upcoming projects from the three organizaton.

On June 8th, IOG, Emurgo, and the Cardano Foundation will conduct a Cardano Community Event ahead of the Consensus event at the Palmer Center in Austin. 

Attendees of this exclusive free meetup will get a chance to meet Charles Hoskinson and its community leaders. In addition, they will learn more about projects built on Cardano blockchain.

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Bryan is a gamer who became genuinely interested in crypto after his initial exposure to Play-to-Earn games like Axie Infinity and Pegaxy. He has basic knowledge of technical analysis and is keeping an eye out for interesting developments in the metaverse and GameFi space.