Cardano reveals new project for third-party smart contract development dApp CardanoCommunity ADA
The project will be divided into two phases: MVP1 and MVP2. Five Binaries, an infrastructure development company, will build a modular tool stack for MVP1. The Cardano Foundation plans to reach out to other projects and collaborators from across the ecosystem in the second stage, MVP2, and openly invite them to contribute to the project.
Cardano sees the development of a second application backend for its ecosystem as critical, as it will broaden the range of alternatives accessible to developers when building solutions on the Cardano platform. Cardano sees developing a second application backend for its ecosystem as quite essential as it might help increase the diversity of options available for developers to build solutions on Cardano. This move may also allow third-party developers to create a variety of apps as well as satisfy industry standards for smart contract-based infrastructure.
Frederik Gregaard, CEO of the Cardano Foundation, a non-profit that oversees developments on the Cardano network, said,"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."Recent advances in DeFi, NFTs and the Metaverse, as well as scaling progress, appear to be contributing to Cardano blockchain's optimism.
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