Sebastien Guillemot has given a hint about an upcoming collaboration between Cardano, Arbitrum, and Mina Protocol.
Charles Hopkinson, the founder of Cardano, recently discussed the network’s impressive growth and how it achieved milestones without media coverage.
The crypto ecosystem is expected to undergo a significant transformation in 2024, with several groundbreaking projects and events in the works. Alongside the highly anticipated Bitcoin halving event and the potential approval of a spot Bitcoin Exchange-Traded Fund, a collaboration between Cardano, Arbitrum, and Mina Protocol is set to join the list of exciting announcements for the coming year.
During an interview on X, Sebastien Guillemot, co-founder of DcSpark and Paima Studios, software engineer, and Cardano community member, hinted at the possibility of a collaboration between Cardano (ADA), Arbitrum, and Mina Protocol.
In light of Ethereum’s current downturn, Guillemot expressed his positive experience working with Arbitrum (@arbitrum). He also shared that more projects combining Arbitrum with Cardano and Mina Protocol can be expected in 2024.
Guillemot’s post received a positive response from the crypto community, with him acknowledging that Cardano’s mainnet faces challenges when verifying a ZK Proof. However, he reassured that this issue could be addressed in the next hard fork. He also shared a blog post that outlines the challenges faced by Layer 1 and the need for scalability to support a single MMO.
Despite these challenges, Layer 1 networks have the most users and liquidity, with the top ten chains representing 80 percent of the entire crypto market.
It’s no secret that Web2 games currently handle more transactions than any Web3 game. While recent games like our onchain RPG game Tarochi successfully managed hundreds of concurrent players at launch, online games like FF14 have over 20,000 active players daily. Our goal is to scale decentralized gaming experiences to accommodate the same player count. This post describes our plans to achieve this by leveraging ZK cryptography.
Further reports reveal that the implementation of these innovative concepts in MMOs led to a 120% growth for Cardano last year. However, Cardano is still down 80% from its peak in September 2021. Arbitrum and Mina Protocol have also experienced significant activity, with Arbitrum’s governance community recently voting for the start of a staking rewards program, resulting in a price surge for the native token (ARB). At present, Arbitrum is trading at $1.31, marking a 17.9% increase in the past seven days.
In comparison, Cardano (ADA) has seen a 2% increase in the past seven days, trading at $0.60. ADA’s market sentiment is neutral, with a score of 53/100.
Recently, Charles Hopkinson of Cardano took a subtle jab at Bitcoin, highlighting the growth and milestones achieved by his network. He emphasized that Cardano’s progress was made without the involvement of crypto media or influencers.
In reality, Cardano is designed to handle these workloads, and there is ample room for optimizing the network and DApps for scalability in both the short and long term. We have succeeded without the support of VCs, crypto media, or influencers. Our growth and engagement have come from the community, just like Bitcoin.
Recommended for you:
– Guide to Buying Bitcoin
– Bitcoin Wallet Tutorial
– Check 24-hour Bitcoin Price
– More Bitcoin News
– What is Bitcoin?
