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Cardano Foundation outlines ADA plans for 2023 – here are the key notes

Cardano Foundation outlines ADA plans for 2023 - here are the key notes

While the cryptocurrency market continues to struggle with the reverberations of the FTX crash, the Cardano (ADA) team is optimistic about its platform’s future, including the CEO of the Cardano Foundation, Frederik Gregaard.

Indeed, Gregaard expressed excitement over the plans for Cardano in 2023, which he believes will “really move the needle, both short-term and long-term,” as well as expecting the ecosystem to mature outside its community, as he told Learn Cardano’s Peter Bui in an interview published on November 15.

As he explained:

“There are so many things I’m excited about. There are certain integrations that I’m not able to talk about right now, but I’m hoping they will land because they will really move the needle, both short-term and long-term. But I think what I’m mainly excited about is to see Cardano maturing outside the people who know and love Cardano today because what we see around us is mayhem.”

Further listing the advantages of Cardano against the current mayhem, Gregaard said that the platform “keeps running, improving, implementing, and adding value in local communities, and we keep exploring new ways of building blockchain and implementing it around the world.”

Spreading the word and educating

Asked by the host what the community can do to help the platform thrive, the Cardano Foundation CEO said that the most important thing was to spread the word about Cardano’s use cases beyond token ownership:

“There is so little information about where blockchain truly adds value and (…) there are so many industries where we can move the needle, (…) save jobs, create new jobs, create a sustainable footprint, change operating models, but there’s so little information about those use cases.”

The second part is to “ensure that education [about blockchain] becomes much more available, consumable, and accessible in multiple languages and styles of delivery.” 

As he stressed, the Cardano Foundation would be “very happy to try and supply” the tools necessary for achieving this, including when volunteering for blockchain lessons in local communities, such as schools and workplaces.

Ecosystem keeps expanding

Meanwhile, Cardano has gone through many improvements over the past two years, including introducing smart contracts and scalability, recording an accelerated growth of its crypto wallets, and adding over 30,000 in a week, as Finbold reported.

It is also worth noting that Cardano is developing a new lightweight multi-chain crypto wallet called Lace, which promises to seamlessly link Web2 and Web3 elements into a single interface and which the team considers a game-changer.

At press time, Cardano’s ADA token was changing hands at the price of $0.3362, down 1.30% on the day and 6.49% across the week, as the decline of the cryptocurrency market starts to slow down after last week’s shock.

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