[ccpw id="39382"]

HomeCrypto NewsMarketCardano Founder Says Midnight Success Proves He Is Not a Liability to Cardano Growth

Cardano Founder Says Midnight Success Proves He Is Not a Liability to Cardano Growth

Date:

Written By:

Follow TheCryptoBasic

Cardano founder Charles Hoskinson has pointed to the success of Midnight pre-launch as proof that he is no hindrance to the growth of the Cardano ecosystem.

Hoskinson shared in an August 3 tweet that Midnight, a project he is deeply involved with, is experiencing strong institutional interest as its NIGHT token airdrop and mainnet launch inch closer. As such, speculations that he is a deterrent to the progress of Cardano do not hold water.

The founder hits back at the bad faith take that he is hindering Cardano’s growth, flaunting Midnight’s success as a perfect indicator. He further assured his critics that he is here to stay, insisting they should deal with it.

- Advertisement -

Cardano Founder Blows Hot on Cancer Claims

Notably, his comment quoted a tweet from a Cardano enthusiast who highlighted several implementations that need to happen in the Cardano ecosystem to drive sustainability and mainstream adoption.

Of the user’s 18 points, one of them included erasing the perception that Hoskinson is Cardano. The user, who is the creator of Cardano Blockchain Insights, noted that the negative sentiment towards Hoskinson is adversely impacting Cardano as critics often find it hard to differentiate between the person and the project.

However, the Cardano founder maintains that he is not a liability. He maintained that if he were the case, as some suggest, Midnight would have also suffered from his involvement. Furthermore, Hoskinson suggested that these pessimistic sentiments against him seem to be limited to X and among those living in “eco-chambers.”

Aside from them, he noted that others view him as a valuable addition to the Cardano ecosystem. As a result, the founder concluded that the fight against him is “getting really old” and is a lost cause.

Notably, Hoskinson’s battle with a faction of the community has endured for some time now. For context, a meme coin fallout in November led to an organized poll where a majority of voters believed he was “a cancer” for Cardano. This led him to announce he was going off the grid for some time to heal from the personal attacks.

Hoskinson Highlights His Major Wins for Cardano

Furthermore, Hoskinson mentioned a few things he has helped the Cardano ecosystem achieve recently. He started with Midnight, sharing that the forthcoming privacy-focused network has partnered with over a hundred ventures across eight ecosystems and is getting liquidity from CNAs.

Hoskinson further noted that Cardano is leading in the Bitcoin DeFi narrative, tipped to bridge billions of TVL and millions of transactions into the ecosystem. He also highlighted his efforts on the IOG Peras and Leios upgrade and the launch of the layer 2 scaling solution, Hydra.

Additionally, he marketed Cardano on the Shawn Ryan Show in July, noting that it opened the ecosystem to 19 million new people. This adds to the bridges his team built with dozens of decentralized applications (DApps); all aimed at developing Cardano.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Elendu Benedict
Elendu Benedict
Elendu Benedict is a refined cryptocurrency writer with over two years of experience in the field. With a thorough understanding of blockchain technology, cryptocurrencies, and market trends, as well as proficiency with ETFs, DeFi, and Web3, he specializes in writing engaging and educational articles on a variety of crypto-related subjects.

More from Author

Latest Stories

Guides