There are some interesting developments in the Cardano ecosystem recently. Accordingly, Altcoin Buzz looks at the latest updates from the third week of December to keep readers informed.
Cardano is partnering with Eco-Age. In addition, digital payment system Flexa now supports $ADA. Let’s look at these Cardano updates in detail.
1 – Cardano Will Be Working With Eco-Age
The Cardano Foundation is partnering with Eco-Age, the agency in charge of the Renaissance Awards. Moreover, these awards are meant to reward young activists propelling “social and environmental” reforms.
Notably, Eco-Age is replacing the usual physical awards with non-fungible tokens (NFTs) and will be leveraging Cardano for this initiative. Besides, the awards took place in October, and the Cardano blockchain was utilized in designing 13 different digital artworks. These digital artworks celebrated the works of some notable artists during the Renaissance era.
Also, there are some lasting benefits for the winners of these awards. If the winner sells the award, they’ll get 100% returns, alongside 50% royalties on future sales of the NFT.
The awards recognize efforts spanning across:
- Technologically balanced
- Being socially just
- Economically inclusive
- Environmentally restorative
🎉New Partnership Announcement: Cardano Foundation has partnered with @ecoage to empower the architects of the future!@ecoage will use #NFTs on the Cardano #blockchain to award the winners of the Renaissance Awards.
Full article: https://t.co/UpRoe26W6g @Tokhun_io pic.twitter.com/FRlL4iaKzD
— Cardano Foundation (@CardanoStiftung) December 22, 2021
2 – Flexa Now Supports Cardano ($ADA)
Digital payments platform Flexa is adding Cardano’s native token ($ADA) to its list of cryptocurrencies available on the platform.
This move is part of the “25 Days of Flexa” campaign that also adds cryptocurrencies like Filecoin and Solana.
Besides, this adoption means the $ADA token can be spent in more than 40,000 locations in the United States.
Following an earlier collaboration between Flexa and Regal (a U.S. theater company), $ADA holders will be able to utilize the token as a means of payment at the theaters.
— Flexa (@FlexaHQ) December 17, 2021
3 – Top Performing Projects on Cardano
Here’s the rating of the top Cardano-based projects, which is in line with their price performance with a seven-day time frame.
Per the report from CoinMarketCap:
- Orion Protocol ($ORN) leads the way with $104,405,689 in volume within a seven-day time frame.
- Ergo ($ERG) is next with $29,038,254 in volume within a seven-day time frame.
- ADAX PRO ($ADAX) closely follows with $28,052,031 in volume within a seven-day period.
- SingularityNET ($AGIX) is fourth in performance with $20,687,410 in volume within a seven-day period.
- Charli3 ($C3) rounds out the top five with $8,081,264 in volume within a seven-day period.
TOP PROJECTS IN CARDANO ECO BY VOLUME LAST 7 DAYS ‼@orion_protocol $ORN@ergoplatformorg $ERG@adax_pro $ADAX@singularity_net $AGIX@Oraclecharli3 $C3@ADAPadofficial $ADAPAD@OccamFi $OCC@ridotto_io $RDT@CardStarter $CARDS@GeroWallet $GERO#Cardano $ADA pic.twitter.com/pPTVGC23qC
— Cardano Daily (@cardano_daily) December 21, 2021
$ADA Price Outlook
As of the time of publication, Cardano’s price was $1.35 with a 24-hour trading volume of $1,414,242,316. Also, ADA price also rose by 3.6% over the last 24 hours. Besides, it has a circulating supply of 32 billion ADA coins and a total supply of 45 billion.
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