The Chief Executive Officer of Cardano, Charles Hoskinson, has revealed that the company is currently involved in over 100 projects and will begin launching in March. Data from CoinMarketCap also shows that Cardano (ADA) has gained over 400% from last year to date. More people are now showing interest in Cardano. Yet, some industry observers still question the factors that triggered such a level of performance.
But Hoskinson’s recent interview about the growth of Cardano may have provided the answers required.
“I have a hundred plus commercial projects in the pipeline that want to either migrate or build something on Cardano.”
Hoskinson added that the fundamental value of Cardano has never been hidden. An Artificial Intelligence (AI) solution, SingularityNET (AGI), revealed it has engaged with Cardano to continue its second phase of migration into the blockchain. ADA developers also commented on the project, stating that it will be the highest democratic exercise in Artificial Intelligence and the first main token to be released on the smart contract platform.
In addition to that, Hoskinson revealed that the 100+ projects encompass crypto projects and decentralized finance (DeFi) protocols. He said the government and Fortune 500 companies are interested in the projects.
ADA, Cardano’s native currency, is currently the fourth-largest cryptocurrency by market cap. At the time of writing, the token is trading at $0.9203.
Cardano will leverage emerging African markets
Hoskinson has also been vocal about the need to leverage the opportunities presented by the emerging African markets. The Director of African operations at Cardano, John O’Connor, stated that the company has almost secured a deal with an African state. But he did not give details about the African country or the level of the project’s development.
Nonetheless, it is a sign that the platform has opened its arms to embrace several partnerships and other projects that want to utilize Cardano’s platform to expand their products.