Cardano updates october week 2

There have been some remarkable developments in the Cardano (ADA) ecosystem. To keep followers informed, Altcoin Buzz takes a look at essential Cardano ($ADA) updates.

During the week, Cardano (ADA) announced its collaboration with eSports and gaming company Rival. Also, Cardax received public funding for its platform on Cardano. Let’s take an in-depth look at these Cardano ($ADA) updates.

1 – Cardano Announce Partnership with Rival

In the past week, Cardano announced it entered into a partnership with Rival, an eSports and gaming platform. The partnership aims to transfer, facilitate, and create NFTs showcasing the sports franchises in Rival’s stable.

This is a good decision for both parties. For Cardano, they’re venturing into an ecosystem with 2.8 billion gamers worldwide. Therefore, Rival is adding to its list of top clients, including English Premier League (EPL) clubs. As well as NBA teams like Detroit Pistons and NFL teams like the Seattle Seahawks.


Frederick Gregaard, Cardano Foundation CEO, also commented on the partnership with Rival, saying: “What better way to drive adoption than tapping into a market of 2.8 billion gamers around the world.”

“Gamers are already familiar with tokenization, with some of the earliest games featuring applications of virtual currency. Our partnership with Rival is, in many ways, a natural step,” he added.

2 – Cardax Receive Public Funding for Its Platform on Cardano

According to reports, Cardax has concluded a USD 9 million presale and public funding round. Cardax is a decentralized exchange (DEX) on Cardano focused on swapping $ADA tokens with other cryptos. The DEX plans to utilize the funds to grow the exchange and ensure adequate liquidity when the platform is launched.

“Trades in Cardax will be performed by smart contracts. You could think of the Cardax decentralized exchange as a robot that’s always willing to quote you a price between two assets.” the report noted.

Ryan Morrison, the founder of Cardax, also commented: “What is unique about the Cardax token sale is that, unlike other crypto projects, VCs were kept out to prioritize individuals who have been part of the Cardax Community since the beginning.”

3 – Cardano’s Emurgo Launch USD 100 Million Pre-Seed Program for African Start-ups

Emurgo Ptd Ltd, one of the founding companies of the Cardano blockchain, has launched USD 100 million pre-seed programs. The program is available to 100 African blockchain startups. They have a market capitalization below USD 20 million.

The goal of the program centers around building a sustainable growth model for African startups that “balances commercial viability and social impact.” It also involves creating a solid financial infrastructure on Cardano primarily geared towards innovations and linking traditional finance with decentralized finance.

The program will work towards having more business partnerships between Asian and African industries.

Besides, this program is called “Emurgo Africa,” It’ll also focus on empowering the educational, financial, and technical capacity of growing startups in several African countries. These include countries like South Africa, Nigeria, Kenya, and Egypt.

“Apart from investing in Blockchain growth sectors, the program also aims at leaping other technologies including AI, healthcare, agritech, edutech, fintech, and the Metaverse,” the report added.

4 – Cardano Partners Awakening Health in Foray into Artificial Intelligence (AI)

During the week, reports revealed Cardano’s partnership with Awakening Health. Thus, becoming Cardano’s first involvement in the field of Artificial Intelligence (AI).

Awakening Health is the maker of a multi-functional android robot dubbed “Grace.” The Android robot is a female Asian healthcare worker programmed to provide primary medical care to recuperating elderly patients.

Besides, Grace is capable of speaking English, Korean, and Cantonese. As well as ensuring an optimum level of social awareness. She achieves this by being able to measure the nature of interaction and respond with empathy. Additionally, the robot can perform essential medical functions like taking a patient’s temperature using a thermal camera placed in her chest. She is also proffering diagnosis.

Notably, the Android robot is the brainchild of a joint venture between SingularityNET and Hanson Robotics.

IOHK’s blog post pointed out that Cardano’s blockchain was chosen to: “ensure that Grace meets the stringent guidelines set out by the Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR) framework.”

Ben Goertzel, the CEO of SingularityNET, also stated that: “Grace will be useful in reducing the burden of frontline workers involved in the fight against Covid 19. He added that the robot can provide company for patients that are isolating, thereby reducing the mental impacts of prolonged isolation.”

$ADA Price

As of publication, the $ADA price was USD 2.12 with a 24-hour trading volume of USD 1,958,405,482. $ADA price also dropped by 5.4% over the last 24 hours. Besides, it has a circulating supply of 32 Billion $ADA and a total supply of 45 Billion.

We hope you’ve enjoyed the latest Cardano ($ADA) updates.

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