EMURGO Media’s first product is Cardano Spot, an interactive platform for investing, distributing, and monetizing Cardano-related content.
The official commercial arm of the Cardano blockchain EMURGO Group has launched a new business entity for the Cardano ecosystem.
#EMURGO, the official commercial arm and a founding member of the @Cardano #blockchain, announces a newly formed business entity, EMURGO Media, to create media-related products and services for the #Cardano ecosystem. @CardanoSpot
— EMURGO (@emurgo_io) December 5, 2022
According to a press release today, the newly-launched business entity, EMURGO Media, will create media-related services and products for Cardano. EMURGO selected Sebastian Zilliacus to lead the newly created entity, the announcement noted.
Notably, the vision of EMURGO Media is to create an opportunity for Cardano and ADA enthusiasts to link up and participate in activities that could inspire them to change the world together.
EMURGO Media’s First Product
Per the announcement, the first product of EMURGO Media is named Cardano Spot, a social and information-sharing network for the Cardano ecosystem. Cardano Spot is an interactive platform designed for the investment, consumption, distribution, and monetization of Cardano-related content.
“Cardano Spot’s platform solves the issue of fragmented content in the Cardano ecosystem by aggregating valuable, quality content from reliable sources in the Cardano ecosystem to give up-to-date developments in the Cardano ecosystem,” the press release noted.
Commenting on the development, Zilliacus said he has witnessed the passion of the ADA community and is excited to lead EMURGO Media to become an information bridge between Cardano ecosystem products and services and the growing community.
“With access to information and the ability to generate helpful content, we are putting power back into the hands of the individual user to play a meaningful role in growing Cardano to be an industry-leading decentralized blockchain platform,” Zilliacus added.
EMURGO Media could put to rest the challenges that Cardano has faced over the years regarding media coverage. Recall that Cardano founder Charles Hoskinson expressed disappointment with crypto media’s bias toward Cardano. Hoskinson noted in a tweet in May that he does not understand why the media and VCs love other altcoins and hate Cardano.
Hoskinson Slams Gemini for Not Listing ADA
Meanwhile, the development comes less than 24 hours after Hoskinson took a swipe at United States-based cryptocurrency exchange Gemini for refusing to list ADA, the native coin of Cardano. Yesterday, a Cardano Stake Pool Operator Rick McCracken asked Gemini why the exchange has refused to list ADA despite the trading platform supporting other proof-of-stake protocols.
“Why hasn’t @Gemini listed Cardano Ada yet @tyler & @cameron? Honest question. You have other proof of stake protocols,” McCracken said.
Reacting to the question, Hoskinson said Gemini not listing ADA “at this point” could be “tightly correlated” with the exchange’s bankruptcy risk.
“At this point, not listing ADA is pretty tightly correlated with bankruptcy and risky behavior,” the prominent crypto entrepreneur said.
At this point, not listing ada is pretty tightly correlated with bankruptcy and risky behavior. Makes you think… https://t.co/VS4UI2sg9K
— Charles Hoskinson (@IOHK_Charles) December 4, 2022
Reuters reported over the weekend that Gemini is trying to recover its $900 million from Genesis crypto lender to avoid going bankrupt.