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Cardano Founder Tease A New Project In Papua New Guinea



Cardano’s Charles Hoskinson has send out a tweet saying that he is in Papua New Guinea and is “working on something really cool.” Although he didn’t share details on the project he is working on, community members are speculating that this might be a new endeavour of the blockchain.

Its parent firm, Input Output Global [IOG], has taken several initiatives in the African continent. One of them was participating in a pre-series A round of $11 million for an Kenyan fintech firm called Pezesha, Africa.

Speaking on the same, IOG CEO said that the investment aimed at transforming microfinance on a global scale.

On top of that, official commercial arm and a founding entity of the blockchain EMURGO Africa and Cardano accelerator Adaverse launched the Blockchain Founders Hangout 2.0 event to discuss Web3 funding in Africa.

Additionally, AdaVerse contributed an unknown sum to the seed fundraising round of AfriGuild, a blockchain gaming DAO that intends to bring 100 million Africans online within the next five years.

Outside Africa, Cardano’s IOG joined the American Chamber of Commerce’s Mongolian division as its newest member.

In other news, the largest marketplace for decentralised applications (dApps), DappRadar, has enabled compatibility for the much-anticipated Cardano Vasil update.

Cardano’s Support Added In Word’s Biggest DApp Store

On Monday, September 5th, Lithuania-based decentralized application store, DappRadar, which tracks over 10,000 dApps across more than 45 protocols, announced the support of the Cardano blockchain.

Recently Aada Finance, Cardano‘s first NFT lending and borrowing protocol, hosted a bug bounty competition ahead of its mainnet launch scheduled for Sept. 13.

As mentioned in the blog post, the reward size is $25,000 for a critical smart contract vulnerability.

Aada Finance plans to launch well in advance of the Vasil upgrade slated to go live on Sept. 22.

According to recent updates from IOG, Binance, MEXC, Bitrue, AAX, WhiteBIT, and BKEX, which make up 50% of the top 12 exchanges by liquidity, have signalled Vasil ready. Updates to the nodes are being made by Coinbase and the other three top-12 exchanges.

While other exchanges are currently updating its nodes, ten additional exchanges have confirmed that they are ready for Vasil. While others are still “in testing,” nearly 50% of the top Cardano dApps hold the “tested” designation in preproduction.


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