by Charles Hoskinson, the CEO of Input Output Global and founder of popular cryptocurrency blockchain Cardano, said on Twitter that he is working on something cool. Charles had traveled to Papua in New Guinea earlier this week. While on this trip, he dropped the tweet that made everyone wonder what he was doing.
Cardano May Operate In New Guinea
Albeit Hoskinson did not state his business in New Guinea, the wager is on developing a new Cardano-related project. Wherever he went, he made sure to lay a Cardano foundation. As a result of his previous actions, the belief is that whatever he is doing in Papua must be related to the blockchain.
About a year ago, he traveled to Africa on a similar trip. The crypto Lord and mathematical genius toured Africa to give orations about Cardano. He talked about the potential of the blockchain and what it seeks to offer the digital space.
He described the trip then as “the pan-African tour.” He stopped at multiple African countries like Zanzibar and Nigeria, where he sat with the president and his officials to deliberate on his ideas regarding Cardano. He sought to introduce the blockchain with fancy projects to develop crypto adoption in the country.
The meetings turned out successful because ever since he began establishing Cardano-based projects in Africa. Some of them included fintech to back up crypto fledglings in the continent. An example of a fintech company he launched in Africa is Afriguild.
It is a decentralized autonomous organization and a digital offshoot community for gamers. Also, Charles pioneered it through adverse, an ecosystem accelerator developed by Cardano. The organization seeks to expand Web3 and the crypto industry among Africans.
Other Cardano-African Investments
Charles sees the possibility of Africa becoming one of the largest continents in the blockchain business. According to him, most Africans would become rich from investing in digital assets. Therefore, he is working hard to lay the groundwork for other crypto-based projects to tread on to foster broader adoption.
U.Today reported that Cardano funded Pezesha, an African fintech company that gives loans to small SMEs, in an $11 million investment. Therefore, this will aid startups lacking sufficient liquidity to gain access to funds to push the firms up.
Africa was just the starting point. A similar outcome could emanate from Papua once there are avenues for it. Cardano continues imparting the crypto ecosystem positively by participating in activities to enlarge the space.
Digital assets are gaining momentum and significance all around the world. The actions taken today would determine the future of digital assets. Individuals like Hoskinson are active developers of the space giving their all to ensure its survival.
Cardano is one of the leading blockchains in the industry. A lot of projects are getting built around it. These projects are stepping into the spotlight one after the other. They are evidence of the potential of blockchain.
