The developers of Input Output Global (IOG) have released Alonzo, the first smart contract based on Cardano, late Sunday evening.
Doubters questioned whether it would happen at all, much less on time. Now that this major milestone has been completed, everyone’s attention turns to the Cardano ecosystem, as well as how it will develop going forward.
A tweet was sent out by the Cardano Foundation’s Head of Brand and Communications, Sidney Vollmer, in which he teases the community with what’s to come.
According to Vollmer, there will be a full reveal at the Cardano Summit. It “will blow people’s minds,” he said with confidence.
“Don’t really want to brag or anything but…
some of the partnerships we’re announcing at the #CardanoSummit will blow people’s mind. Really grateful for the chances we at@CardanoStiftunghave to change the world for the better, and have fun together.
Cardano is one project whose announcements are often annoyance, but not hype, as crypto is known for unsubstantiated claims.
How can everyone benefit by working with these partners?
Cardano Partnerships remain a topic of speculation
Cardano Summit is around the corner, and that’s great news. Therefore, we don’t have to wait long to learn more about who the ecosystem partners are and what they do.
Taking place both in person and virtually, the conference kicks off this weekend, on September 25-26, 2021.
Registration is now open at https://summit.cardano.org/
There is no agenda and no list of speakers, so it is difficult to gather information about the partnerships.
Further investigation revealed no noteworthy deals with regard to “blowing people’s minds.” That requires working with a household name that’s a leader in their field.
The possibilities are endless when it comes to that.
Realistic thinking is needed
Cardano can now offer anything Ethereum does, thanks to smart contracts.
There are currently 60 decentralized applications available on cardanocrowd.com, including the spacebudz NFT, the Nami wallet, games, and a protocol for liquidating assets called Liqwid Finance.
We see that there are many categories to choose from, such as crowdfunding, insurance, governance, identity, and social, to name just a few.
But IOG’s Marketing Director, Tim Harrison, felt that expectations should be moderated. Harrison wrote that the ecosystem would take time to fill out in a blog post. Perhaps it will take longer for users to gain traction.
“Cardano watchers may be expecting a sophisticated ecosystem of consumer-ready DApps available immediately after the upgrade. Expectations need to be managed here.”
CryptoKitties was Ethereum’s first and only hit dApp two years after it was launched.
However, Vollmer’s enthusiasm is the farthest thing from the truth.