[Latest news on Cardano] As of 8/2, 2023.

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1. Blockchain-related projects

A new funding model, Token Allies, has emerged. This model utilizes the Cardano blockchain to make investing in startups accessible to everyone. Investors can participate in the DAO (Decentralized Autonomous Organization) through DVC tokens, gain voting rights through Ally tokens, and receive profits via NFTs (Non-Fungible Tokens). Token Allies provides a transparent and highly investor-participatory VC (Venture Capital) model. It is set to revolutionize startup funding and contribute to the widespread adoption of the Cardano blockchain.

2. Metaverse Virtua Project

Virtua is a gaming platform where players can participate in games to earn XP (Experience Points). Additionally, the Gamers Lounge provides a space for enjoying mini-games and leaderboards. Creators have the ability to customize digital collections and assets. A new season started on August 1st, with a focus on user acquisition. As for the outdoor space, it is currently in the planning stages and will be deployed after increasing the user base. Look forward to exciting new developments!

3. ADA Market Analysis

The price of ADA has been pulled towards the 30.5 cents level. On July 13th, a breakout occurred and has been confirmed as support, but currently, it remains unable to move away from the upside. Until the confirmation of a 5-wave movement, a sustained low cannot be established. While there is potential for ADA to rise in the future, there are also concerns about its current state not being healthy. Caution is advised when considering investments. Currently, attention is focused on Bitcoin and Ethereum, with a selective focus on some altcoins. As price fluctuations are not certain, careful consideration is crucial.

Quoted URL

https://www.youtube.com/watch?v=2WWcEqntAno
https://www.youtube.com/watch?v=PWOpeZ3aBSI
https://www.youtube.com/watch?v=4IUC1dJpV4k

AUTHOR

ADA HARVEST

Explanation of Cardano Staking by an Active SPO(Stake Pool Operator)

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