Cardano (ADA)
Emurgo Invests and Fills 21 Fields Omitted from Cardano, Says Emurgo CEO
Emurgo’s team is currently operating to fill the respective gaps, as per the platform’s chief executive officer and founder Ken Kodama.
Layer-2 solutions and identities in the decentralized world are a few of the missing things in Cardano. Emurgo’s team is currently operating to fill the respective gaps, as per the platform’s chief executive officer and founder Ken Kodama. Emurgo has a position among the 3 platforms responsible for governing Cardano.
Emurgo Invests and Covers Twenty-One Areas Not Present in Cardano, Says the CEO
The executive discussed the change in the firm’s approach to a venture studio model. It will fill twenty-one categories reportedly omitted from Cardano. The platform claimed that Cardano does not possess the respective categories in comparison with the rest of the top blockchains. Kodama stated that there are a couple of key approaches for filling the gaps. The respective include either the establishment of the solutions or making investments.
Also Read: This New Upgrade Will Make Cardano the Largest EVM-Compliant Blockchain
He added that for the respective twenty-one categories, the platform will develop them on its own. In the other case, the company will invest in several endeavors to make that happen. According to him, the firm carries out hackathons or provides grants to benefit Cardano developers to cover the gaps by building. The CEO added that the platform needs to focus on this aspect by shifting from its current approach.
The Gaps Include L2 Sidechains and Decentralized Identity Concerning Enterprise Adoption
Although he did not mention the respective twenty-one categories, the executive pointed toward a few of them. These fields take into account layer-2 sidechains and decentralized identity concerning enterprise adoption.
Emurgo’s CEO brought to the front that decentralized identity is a crucial thing to be implanted into blockchain-based protocols. The CEO moved on to say that the firm has not witnessed the development of considerable DID applications on Cardano. He categorized this as the primary or the earliest gap that requires filling.
