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:
Swiss Startups Partner to Tokenize Real Estate on Cardano
Finest Announces that Gold will be its Next Tokenized Real World Asset
Cardano and Hedera Join Decentralized Recovery Alliance
Chainspect Integrates Cardano to its Platform
Cardano Node v9.1.1 Released to Address Hard Fork Issue
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…
Swiss Startups Partner to Tokenize Real Estate on Cardano
YurekAI, a real estate platform, and Tokenance, a blockchain and AI software company, have joined forces to offer a unique solution for tokenizing real estate on the Cardano blockchain.
This partnership aims to streamline and secure real estate transactions by creating digital twins of properties. These digital twins are stored on the Cardano blockchain, ensuring their security and transparency.
YurekAI real estate agencies can now offer their clients an additional service: property tokenization through RE-Twin.com. The tokenization process is user-friendly, allowing buyers and sellers to complete transactions seamlessly through the YurekAI platform. This innovative approach offers several benefits, including enhanced security, global reach, and increased transparency.
YurekAI's existing network of over 1,800 agencies and recent expansion into the US market positions it well to benefit from this partnership. Tokenance, in turn, specializes in web3 and artificial intelligence solutions. The combination of AI and blockchain technology has the potential to revolutionize the real estate industry. READ MORE
Finest Announces that Gold will be its Next Tokenized Real World Asset
Finest shook the Cardano ecosystem this week by announcing that soon gold will be the next Tokenized Real World Asset (RWA) on its platform.
Tokenizing gold offers several benefits, including increased liquidity, 24/7 trading, fractional ownership, lower costs, faster transactions, and enhanced security and transparency.
This news came only a month after Finest introduced the tokenization of Black Galaxy Granite, a high-quality stone popular in construction and design. Each token represents ownership of a portion of the stone.
Finest is a Cardano-based platform that allows users to invest in tokenized real-world assets. It prioritizes security, compliance, and user-friendliness. By leveraging blockchain technology, Finest aims to make these investments more accessible to everyone. READ MORE
Cardano and Hedera Join Decentralized Recovery Alliance
Input Output, the organization behind Cardano, and Hedera, a decentralized public network, have become founding members of the Decentralized Recovery Alliance (DeRec Alliance).
The DeRec Alliance aims to improve the security and recovery of digital assets within the Web3 ecosystem. By establishing industry standards, the alliance seeks to simplify the process of recovering lost or compromised digital assets.
Cardano and Hedera will collaborate with other leading blockchain entities, including Algorand Foundation, Hashgraph, Ripple, and XRPL Labs, to develop solutions for digital asset recovery.
Currently, recovering digital assets in the Web3 environment can be complex and requires significant technical knowledge. The DeRec Alliance aims to address this challenge by creating an open-source protocol that simplifies the recovery process.
The alliance is led by a group of founding members, including Input Output and Hedera. These members play a key role in overseeing the alliance's governance and development. They also nominate candidates for the Technical Oversight Committee (TOC) and participate in quarterly meetings to discuss policy matters. By joining the DeRec Alliance, Cardano and Hedera are contributing to the development of a more secure and user-friendly Web3 ecosystem. READ MORE
Chainspect Integrates Cardano to its Platform
This week, Chainspect, a blockchain analytics platform focused on technical metrics for the most widely used blockchains, announced that it has now added the Cardano blockchain to its interactive website. On Chainspect’s platform, users can now follow Cardano metrics and chain statistics, and compare its performance with other leading blockchains.
Chainspect’s goal is to make on-chain data analysis simple for everyone, even those not tech-savvy, so that anyone can make informed decisions using reliable blockchain metrics. Chainspect aims to make blockchain data analysis accessible to everyone, regardless of technical expertise. The platform provides reliable and neutral metrics to help users make informed decisions.
Cardano is a unique blockchain platform built on peer-reviewed research. Its proof-of-stake mechanism and advanced technologies offer unparalleled security and sustainability for decentralized applications. READ MORE
Cardano Node v9.1.1 Released to Address Hard Fork Issue
Intersect announced this week that a new version of the Cardano node, v9.1.1 has been released to address an issue that arose following the recent Chang hard fork. This hotfix is necessary to prevent disruptions in the network.
The Chang hard fork, which went into effect on September 1, marked a significant milestone for Cardano's decentralization. However, an issue was discovered that could cause nodes to take longer than expected to restart under certain conditions. Engineers from across the Cardano ecosystem worked together to identify and resolve this issue.
The v9.1.0 upgrade, which preceded v9.1.1, introduced changes to the transaction cost model. The v9.1.1 update addresses the problem and ensures that nodes can restart efficiently. After a thorough revision by Intersect’s hard fork working groups, engineers recommended that all Cardano node operators upgrade to v9.1.1 to avoid any potential disruptions. READ MORE
Weekly Development Report
Interesting Stories:
Cerra.io lists Moneta Digital, Indigo Protocol, and COTI Network tokens on its platform
AZOMI DEX launches Initial Stake Pool Offering (ISPO) in collaboration with MELD
BeezHive uses funds raised from the minting of NFTs on Cardano to help save the bee population
Snek partners with DEX Hunter and Tap Tools in Snek.fun launch
🎊 A Message from Lucas 🎊
I have officially registered as a DREP! During the past few years, I’ve immersed myself into a phenomenal ecosystem in different ways: creating the Cardano Newsletter, breaking down the most relevant and pertinent news concerning the ecosystem; co-founding Token Allies, a decentralized autonomous organization (DAO) and Cardano’s first venture capital; as well as co-founding the Latam Cardano Community in an effort to onboard and educate more people in the region on this truly revolutionary technology.
With your support, I feel ready to assume the serious responsibility that comes with registering myself as a delegated representative DRep. I feel that my contributions and participation within the ecosystem have prepared me well for such an important role within a vital branch of Cardano’s different governing bodies.
I will be very humbled and grateful if you decide to vote for me as your DRep. My commitment to this role is also a commitment to the members of the Cardano community, the same ones who have always made this journey worthwhile all along.
If you trust me to represent you, when asked for a DRep ID, you can write mine. In the next few days I will be publishing a document on my X account where I will share my values and visions for the present and future of the Cardano ecosystem.
This is my DRep ID:
drep15nvw9d6zr6m08dpckkx4d3g6dplc5vh7yhekyjw0vq07spk38ak
Thank you.
–Lucas Macchiavelli
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