- One of Cardano’s signature events in 2022 was cNFTcon in Las Vegas, which brought together artists and entrepreneurs who suggested more similar events were to come.
- Cardano (ADA) is ninth in market capitalization and is trading at around $0.265451, up 4.5% today.
The Cardano network is on the cusp of global adoption thanks to active community engagement. With massive technical support from the Cardano Foundation, IOHK and Emurgo, the underlying blockchain network promises to solve real-world problems at scale. Additionally, the Cardano ecosystem has attracted popular NFT artists and developers who are well incentivized to build further.
In 2022, the Cardano community held several meetings to improve knowledge sharing in different parts of the world. By engaging community members locally, the Cardano network is preparing to host more such events in 2022. David Taylor, Cardano’s Global Director of Marketing, said:
From CardanoRio 2022 to Blockchain Sydney, the Foundation has provided a variety of support to community events. As a fundamental part of Cardano Summit 2022, we are also sponsoring more than 50 community events around the world.
One of Cardano’s notable events in 2022 was cNFTcon in Las Vegas, which brought together artists and entrepreneurs, suggesting that more such events are to come.
Part 3 of our series “Driving Blockchain Technology. Activities of the Cardano Foundation”
We’ll be publishing part 4 of our series later this week… but before we do, read up on some of our 2022 action.
➡️ https://t.co/9Y8ceOr4Wx#CardanoFoundation #Cardano pic.twitter.com/YFWF99ldCc
— Cardano Foundation (@Cardano_CF) January 3, 2023
At the end of 2022, the Cardano network also held the W3BX event in Las Vegas. In particular, W3BX brought together Web3 companies among other stakeholders to discuss the future of the decentralized financial ecosystem, especially Cardano. Similar events are planned to continue in 2023 to allow the globalization of Cardano and the generalization of the cryptocurrency market.
“As the foundation prepared for W3BX, we left cNFT already looking forward to the 2023 edition, hoping for news and seeing more exhibitors, more projects and an increasingly thriving Cardano community,” he added. Taylor.
Cardano (ADA) market outlook
As one of the top ten crypto projects, Cardano (ADA) has received significant attention from both institutional investors and retail traders. The Proof-of-Stake (PoS) blockchain network has made tremendous progress since its inception back in 2017. Furthermore, the Cardano network is an open source project that allows developers to create decentralized financial applications with superior security and scalability.
According to market data provided by Defillama, the Cardano network has a total value locked (TVL) of approximately $52.53 million. Major projects with heavy chain activity in the Cardano ecosystem include Indigo, Minswap, WingRiders, SundaeSwap, and MuesliSwap, among others.
However, most of Cardano’s daily trading volume comes from centralized exchanges. According to market data provided by Binance-backed Coinmarketcap, Cardano’s 24-hour volume on DEXs was $282,852, compared to $249,834,504 on DEXs.
With a total supply of 35 billion ADA coins, the Cardano network boasts a market capitalization of approximately $9,121,522,200. As such, market strategists predict that the ADA will help unlock trillions of dollars over the next decade as digital assets become more widespread.
