Alonzo In the Bag, Big Partnership News Rumored For Cardano Summit
Cardano developer Input Output Global (IOG) successfully rolled out Alonzo upgrade late Sunday evening, which enabled smart contract functionality on Cardano for the first time. Now that Alonzo is in the bag, what’s next?
Some had expressed doubt that Alonzo going live schedule would hold, or that it wouldn’t even happen. Now that this huge milestone is completed, attention turns to the Cardano ecosystem and what is going to happen in the coming months.
Sidney Vollmer, Cardano Foundation’s Head of Brand and Comms, tweeted a teaser to the community.
According to the tweet big news will be revealed at the up-and-coming Cardano Summit.
“Don’t really want to brag or anything but…
Some of the partnerships we’re announcing at the Cardano Summit will blow people’s mind. Really grateful for the chances we at Cardano Foundation have to change the world for the better, and have fun together.
Crypto does have a reputation for hype and unsubstantiated claims, not forgetting the frequent annoyance of announcing the announcement, Cardano is one project that usually is above these.
So the questions are: who are these partners, and how can everyone benefit?
Cardano Partnerships
Cardano Summit is a little over a week away, so the announcements should be just around the corner. The conference is scheduled for next weekend on September 25-26, happening as a mix of both live and virtual events.
However, there is some mystery in the air in terms of prior information on the partnerships. Also a lack of itinerary and no list of speakers, is somewhat intriguing.
So what “will blow people’s minds”? The expectation is a collaboration announcement with a household name that’s a leader in their field.
“Expectations need to be managed”
Now that Cardano has smart contracts capability, it can do anything Ethereum can do.
There are already currently 60 dApps available, including Space Budz NFTs, the Nami wallet, games, and a liquidity protocol called Liqwid Finance, according to cardanocrowd.com.
The available categories show various options, such as crowdfunding, insurance, governance, identity, and social.
IOG’s Marketing Director, Tim Harrison, felt it was necessary to calm the expectations down a notch. Harrison recently wrote that it will take time for the ecosystem to fill out. Perhaps longer for user traction to gain a footing.
“Cardano watchers may be expecting a sophisticated ecosystem of consumer-ready DApps available immediately after the upgrade. Expectations need to be managed here.”
Harrison also pointed out that it took Ethereum two years from launching before it had its first smash hit dApp in CryptoKitties.
