7 Significant Updates That Took Place on the Cardano Ecosystem Within A Week 

7 Significant Updates on Cardano Ecosystem in a week.

In recent times, there has been a lot of fuss around the Cardano project since the development team announced smart contract functionality that enables developers to build on the network.

While many investors seem to be focused on the value of the cryptocurrency, which has been on a decline like other digital currencies, here are seven of the most happening within the Cardano ecosystem in the past week.

Genius X (GENXS) Utility Token

Last week, Genius X, a project that enables new startups to build on Cardano and receive support, announced the launch of the GENXS utility token, which has a max supply of 1 billion tokens. The team behind the project also announced a staking program for the token that will enable investors to earn mouthwatering rewards.

Blueshift Finance Launches Token on Coingecko

Blueshift, a Cardano-based AMM decentralized exchange, noted in an announcement last week on Twitter that its native cryptocurrency, BLUES, has been listed on cryptocurrency aggregator platform Coingecko.

Gada Completes Seed Round Sale in 24 Hours

In a groundbreaking development, Gada, a community-governed launchpad for Cardano-related projects, announced last week that it sold 150,000 units of GADA tokens in a seed sale round in 24 hours.

NFT-Maker Launches ICO on LCX

Similarly, NFT-Maker, a project committed to building a non-fungible token ecosystem on the Cardano blockchain, noted in a Twitter announcement last week that it flagged off an Initial Coin Offering (ICO) for its native token dubbed NMKR on the trading platform LCX trading platform.

Iagon Migrates to Cardano From Ethereum

As reported, popular cloud computing platform Iagon said it has moved from the Ethereum network to Cardano, due to the exciting features associated with the latter and its dedication to providing green climates. The project also noted that it has bridged 50% of its token supply from Ethereum to Cardano.

Unsigned Algorithms Joined MOCA Toronto’s Panel on NFT

Unsigned Algorithms, which makes programmatic non-fungible tokens on the Cardano network, disclosed last week that it participated in MOCA Toronto’s panel on non-fungible tokens as a medium.

Lending Pond Went Live on Cardano Mainnet

The team behind Lending Pond said it went live on the Cardano mainnet last week, an initiative that will allow Cardano enthusiasts to lend and borrow Cardano NFTs as collateral.