Wednesday, December 8, 2021

Charles Hoskinson: There Are Thousands of Assets and Over $10M of NFTs Have Been Sold On Cardano

Charles Hoskinson, the CEO of Input Output Global (IOG), who created Cardano (ADA), has answered the critics of Cardano, stating that thousands of assets are on the emerging smart contract platform and over $10 million worth of non-fungible tokens (NFTs) have been sold on the network, despite the fact that smart contract functionality is yet to launch.

Hoskinson said this in direct response to a pseudonymous crypto enthusiast identified on Twitter as Undervalued Crypto, who claimed in a tweet that IOG’s CEO prediction in 2020 about the progress of Cardano has been totally wrong.

Undervalued Crypto tweeted, “Ok, so Charles Hoskinson predicted this a year back. Update: No asset on ADA, forget 1000’s of DApps not a single dapp on ADA, only 1-2 projects announced working on ADA Charles what happened to your predictions? What’s the prediction for next 1 year now?”

In a direct response to the criticism, Hoskinson wrote, “There are thousands of assets on Cardano. I guess you haven’t been paying attention. Tons of devs learning, training, writing. Lots of launch apps.”

Charles Hoskinson took the defense of Cardano’s progress over the past year further in a video published on 8th July 2021, titled “Brief update on Alonzo”. In the video, the mathematician mentioned the plan of IOG, the team of developers behind Cardano, to bring blockchain-based IDs to students in Ethiopia, the amount of non-fungible tokens (NFTs) on Cardano, and the amount of value staked on the emerging smart contract platform as an indication that the network has been notably progressing.

Charles Hoskinson noted:

“To be honest, we actually have that kind of traction. There are tens of thousands of assets, over $10 million of NFTs, I think, have been sold, if we’re counting correctly, throughout the Cardano network.

All things considered, the ecosystem is quite healthy and viable. And since that time of the prediction last year, we’ve seen a tripling of the population size of Cardano and obviously a lot of value accumulation as well. We’re the number one staked network in the entire space. Number one for commits.

Those who levy criticism at this project are either misinformed or malicious at this point. Cardano remains one of the fastest-growing, most stable, most mature and systematic of cryptocurrency projects, and we remain one of the top mentioned on every social metric in our industry.

And you can see every week progress being made, every week development being done, and people talking about it on Twitter, on Reddit, on Telegram, with their own projects, and a very vibrant ecosystem.”

Tobi Loba
Tobi Loba is a passionate writer with over 3 million readers from all over the world. She graduated from a reputable university. She joined the crypto ecosystem about two years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects.

Related Articles

Latest Articles