Cardano (ADA) Launches New Project To Accelerate Decentralized Application Development

The Cardano Foundation is accelerating decentralized application (DApp) development on Cardano (ADA) with the help of EMURGO.

In a new announcement, the Cardano Foundation says they are teaming up with EMURGO, the commercial arm of Cardano, to develop a new set of tools to help developers support, maintain, and accelerate DApp growth within the ADA ecosystem.

Cardano Foundation CEO Frederik Gregaard says of the project,

“The development of this tool stack, in partnership with EMURGO, will further enable a vibrant, inclusive ecosystem for third-party smart contract development on Cardano. 

This is the first of a set of open-source architecture we are looking at and are excited to push this forward now. 

We want to provide tools to and support to the community and to ensure we enable the architects of the future.”

The project is set for two stages, MVP1 and MVP2, which are to be built, maintained, and implemented by the Five Binaries, a Czech Republic-based infrastructure development company focused on the Cardano ecosystem.

The first stage of the project will involve the development of a modular tool stack which includes a simple backend that will serve as a proof of concept.

For the second stage of the project, Cardano wants to open the floor to Cardano ecosystem developers.

“For the second stage, MVP2, the Cardano Foundation will reach out to different projects and partners from across the ecosystem, publicly inviting them to contribute to the project. 

At this stage, each pull request to add a new adapter or a backend will be required to follow the programming guidelines of the project, including tests.”

Cardano has “woken up” recently, defying sideways markets to gain 27% in the past week. ADA is trading for $1.45 at time of writing, down 2.75% in the last 24 hours.

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Featured Image: Shutterstock/Agung Afriady

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