We've filtered through all the noise to distill crucial updates into a breezy, 5-minute read. No need for you to sift through endless info — we've got you covered. Ready to delve into this week's top Cardano news? Let’s dive in.
Here are the topics of the week:
Iagon Partners with House of Titans to Boost LSPO Program
Rocket by JPG Store: A Platform for Launching and Trading Cardano Tokens
Wanchain’s Cardano Bridge Now Supports Over 10+ Cardano Native Tokens
EMURGO Partners with Antler’s Ibex to Drive Web3 Innovation
Intersect Launches the Cardano GovTool on the Mainnet
Weekly Development Report
& More!
This newsletter is segmented into categories of less technical news topics to those that are more technical, in an effort to make it easier for our readers to follow. The first category will focus on news involving the Cardano ecosystem, while the second category will focus on projects that have been announced recently. The third category, which will be found towards the end of the newsletter, will focus on the most technical topics.
This week on Cardano…
Iagon Partners with House of Titans to Boost LSPO Program
Iagon has announced a partnership with House of Titans to enhance its Liquidity Stake Pool Offering (LSPO) program. This collaboration aims to increase rewards for participants and strengthen the Iagon community.
Key Points:
Long-term commitment: House of Titans has pledged to lock up to 4 million $IAG tokens for three years.
Increased rewards: 2% of the total $TITAN supply is allocated to the LSPO.
Token acquisition: House of Titans plans to acquire up to 4 million $IAG tokens.
Iagon is a global tech decentralized autonomous organization (DAO) with a mission to build a shared storage economy with data compliance, privacy, and security to revolutionize the future of cloud services.
House of Titans started as an NFT project on Cardano but has since evolved into a broader platform focused on digital collectibles and a next-generation DePIN aggregator. Their approach emphasizes utility and gamification, offering investors rewarding investment opportunities. This partnership with House of Titans represents a significant step forward for Iagon, offering expanded opportunities and rewards to its community members. READ MORE
Rocket by JPG Store: A Platform for Launching and Trading Cardano Tokens
Rocket, a foolproof smart contract token designed by JPG Store, is on the verge of launching on Cardano. This recently introduced project is designed to launch any token on the network in less than 30 seconds and, this week, JPG Store also announced that all transactions will be processed through Sundae V3 to ensure a fast, premium, and secure execution.
Token launches on Rocket have a limited time window. If enough ADA is pooled during this window, buyers receive the tokens, and a liquidity pool is created and burned. Rocket offers several advantages, including a fast token launch, funds for liquidity, automatic refunds in the event that a token launch is unsuccessful, fair pricing, and protection against bots. Though it hasn’t yet been announced when Rocket will be officially set in motion, JPG Store has said on social media that the launch is imminent.
JPG Store describes itself as a Cardano NFT marketplace. It serves as a platform where you can find, buy, and sell Cardano NFTs by offering a simple and efficient process, allowing you to connect your wallet and purchase NFTs directly using smart contracts. The Sundae Swap v3 protocol that will be used to process transactions made on Rocket is a decentralized exchange protocol that realizes an automated market maker (AMM) pooled liquidity model on the Cardano Blockchain. READ MORE
Wanchain’s Cardano Bridge Now Supports Over 10+ Cardano Native Tokens
Wanchain, a decentralized blockchain interoperability solution that enables cross-chain infrastructure, announced this week that its bridge with Cardano currently supports more than 10 native assets.
Beside Cardano’s ADA, Wanchain also supports DEGA, Hosky, Fluxpoint Studios’ $SHARDS, Catsky Crypto, Skills Labs, the Dean Community, Danketsu NFTS’ $NINJAZ, TheADA, and more.
All these Cardano Native Tokens can be bridged to 12 different blockchains: Arbitrum, Avalanche, Astar, Base, BNBChain, Bitcoin, Celo, Ethereum, Optimism, Polygon, Tron, Wanchain, among others.
It was only a month ago that Wanchain celebrated its Cardano bridge one-year anniversary, announcing that its cross-chain volume has reached over $20 million. Wanchain is a blockchain platform that offers both a sustainable proof-of-stake network and decentralized bridges. These bridges connect Ethereum Virtual Machine (EVM) and non-EVM networks directly, eliminating the need for centralized intermediaries. READ MORE
EMURGO Partners with Antler’s Ibex to Drive Web3 Innovation
EMURGO, a leading blockchain technology company, has formed a strategic partnership with Ibex, Antler's corporate innovation arm. This collaboration aims to foster innovation and growth in the fintech and Web3 sectors.
Ibex, a new initiative from Antler, helps corporations partner with startups to drive technological development. Through Ibex, corporations can navigate the complexities of growth and ensure that their partnerships lead to meaningful outcomes.
The partnership between EMURGO and Ibex will focus on identifying and supporting promising fintech and Web3 startups, fostering the sustainable development of commercial Web3 solutions, building a robust financial technology infrastructure compatible with Cardano and other Web3 technologies, and driving innovation and growth within EMURGO's ecosystem.
Antler is a renowned early-stage investor with a presence in 27 cities worldwide. Their approach focuses on partnering with founders at the earliest stages of their ventures. Antler provides comprehensive support, including co-founder matching, business model validation, funding, and expansion assistance. With a goal of backing over 6,000 startups by 2030, Antler is actively investing in the future of technology. READ MORE
Intersect Launches the Cardano GovTool on the Mainnet
Intersect has announced the launch of Cardano GovTool, a new tool for community governance on the Cardano network. This platform allows ADA holders to participate in key governance actions, such as delegating voting power and proposing and voting on initiatives.
GovTool is designed to simplify the governance process and empower ADA holders to shape Cardano's future. It provides an easy-to-use interface for finding and delegating voting power to DReps, registering as a DRep, proposing governance actions, and voting on proposals.
During the initial bootstrapping phase, GovTool supports only info-type governance actions. These actions serve as a testing ground for the system and will pave the way for more complex governance activities in the future.
GovTool is a user-friendly platform that not only simplifies the governance process, making it accessible to all ADA holders, but also acts as a significant step in advancing Cardano's decentralized governance structure, aligning with the governance framework laid out in CIP-1694. READ MORE
Weekly Development Report
Interesting Stories:
🎊 A Message from Lucas 🎊
I am thrilled to announce that I was selected as a constitutional representative at the Cardano Constitutional Workshop in Buenos Aires! I feel a great sense of responsibility to represent my country to the best of my ability. My good friend Pepe Otegui, a diplomat with several years of experience in Argentina, will join me. I already know that we will make a great team.
In other news, this week I will be posting a document on my X account where I will share my vision for the present and future of the Cardano ecosystem as I move forward with my DRep candidacy. If you agree with my values and the work I’ve been doing for the past three years, I’d be very humbled if you choose to support me with your vote.
This is my DRep ID:
drep15nvw9d6zr6m08dpckkx4d3g6dplc5vh7yhekyjw0vq07spk38ak
Thank you.
–Lucas Macchiavelli
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