Cardano Introduces Testnet to get closer to smart Contracts, Polymarket Odds Bet Against Project

On July 14, IOHK, the Cardano network developers, proclaimed the project’s latest testnet referred to as Alonzo white has been deployed. IOHK elaborated that it’s onboarded new participants and therefore the move can facilitate the project move “closer to smart contracts.” 2 days later, a Cardano-based project referred to as Spores raised $2.3 million to create a non-fungible token (NFT) and decentralized finance (defi) marketplace.

Cardano Launches Alonzo White

This week the Cardano (ADA) network Introduced the project’s productive onerous fork of the Alonzo Blue testnet to the Alonzo White node. The upgrade aims to extend participation however conjointly can facilitate bolster purposeful Cardano-based smart contracts.

“Hard fork successful,” IOHK tweeted on Wednesday. “Delighted to report around 19.44 UTC these days we have a tendency to with success forked the Alonzo testnet to the new Alonzo White node. The new network is joyfully creating blocks already. Over the past week, we’ve spun up a replacement network and boarded our new intake able to facilitate us move us nearer to smart contracts. The current successive stage of the journey begins,” IOHK another.

The recent testnet upgrade follows the recent backlash the founding father of Cardano, Charles Hoskinson, saw on Twitter in recent times. Hoskinson was criticized for creating projections that didn’t satisfy a number of the expectations among the crypto community.

“As well as our core SPO cluster, we’re currently joined by members of the Project Catalyst crew and additional Plutus partners. And a number of additional pioneers to maneuver us forward before opening up more. you’ll be able to hear additional information regarding the journey in our mid-month update,” IOHK aforementioned on Wednesday.

Full-Stack NFT and Defi Marketplace Project Spores Raises $2.3 Million

On Friday, a Cardano-based project referred to as Spores revealed the startup has raised $2.3 million in new funding. In keeping with the announcement, Spores aims to create “the 1st full-stack NFTs and decentralized finance (defi) marketplace.” Investors who have taken part in the Spores funding process embrace NGC, SVC, Exnetwork, SL2, Twin Apex, Focus Labs, Maven Capital, OIG, and Vivian Capital.

Duc Luu, the Spores’ executive chairman, hopes the corporation will become a crypto-infused marketplace almost like the likes of giants like Alibaba. “We can launch Asia’s premier NFT marketplace and decentralized funding tools to be the Alibaba and Alipay of the crypto world,” Luu aforementioned in an exceedingly statement on Friday.

Polymarket Odds Bet Against Cardano manufacturing smart Contracts by Oct one

Meanwhile, a polymarket prediction market has been launched that shows individuals betting on whether or not Cardano will Introduce smart contracts by Oct one, 2021. At the time of writing, the prediction market depending on Cardano smart contracts has $255,075 in trade volume. Odds show it’s presently 58-42 against the project manufacturing purposeful smart contract technology by that date.

Additionally, 2 days past, News journalist Terence Zimwara rumored on Save the youngsters in Rwanda partnering with the Cardano Foundation. The arrangement became potential when Cardano “installed a payment gateway that permits [cardano] donations to come directly  to the project without not intermediaries,” the report notes.