The year 2021 was a watershed moment for the cryptocurrency market, with massive growth and adoption of digital assets, non-fungible tokens, and blockchain across the globe. Thanks to the support of our users and partners throughout the world, Moonstake went to the top of the global staking provider rankings, attaining a total staking assets of $1.8 billion. Moonstake, together with their strategic blockchain partners, has a slew of exciting news and activities in store for you as our platforms develop and evolve in the year 2022.
As a key partner of EMURGO, Cardano’s official commercial arm, Moonstake has been a powerful staking provider for ADA staking, Cardano’s native cryptocurrency, since August 2020. Infinity Blockchain Group, which is leading Moonstake’s development, was recently bought by EMURGO in order to increase EMURGO’s strategic resources and speed research into ADA’s compatibility with other blockchains.
Last year, Cardano underwent significant development updates and achieved a number of significant milestones. With the debut of Plutus and the gradual distribution of the Alonzo upgrade, the network became fully community-governed and administered in April, and public support for smart contracts and hence DeFi applications was launched in September. In this post, we’ll speak with our partner EMURGO about what the ecosystem and user community might expect in 2022.
Q1 Which of your 2021 accomplishments are you most proud of?
As previously stated, 2021 was a fantastic year for EMURGO and the Cardano ecosystem, with highlights including the successful implementation of smart contracts on the network, a significant increase in Yoroi Wallet adoption, and plans to release new EMURGO products like Yoroi‘s dApp Connector, which will greatly simplify ADA user interaction with Cardano ecosystem dApps like DeFi and NFTs.
EMURGO is particularly proud of its $100 million Cardano ecosystem investment vehicle, which consists of two organizations – EMURGO Ventures and EMURGO Africa – that will invest in early-stage and growth-stage companies that will develop Cardano-based solutions.
EMURGO Ventures invests in a variety of Cardano-focused startups and middleware solutions companies, including those developing decentralized financial services (DeFi), non-fungible token (NFT) projects, blockchain developer education tools, and other decentralized applications, with a focus on developed markets outside of Africa to facilitate the development of solutions and services on Cardano.
On the other hand, EMURGO Africa’s mission is to promote over 300 African entrepreneurs through seed finance and incubation, with Cardano’s blockchain becoming the technological platform standard in Africa for socially impactful solutions. EMURGO Africa teamed with Adanian Labs, a successful venture building studio operator in Africa, to promote impact driven companies developing the Cardano ecosystem across the continent, and Adaverse, a Cardano-focused joint accelerator program in Africa, for its launch to achieve this goal.
EMURGO‘s new Cardano investment vehicle will significantly accelerate and assist the development of socially beneficial solutions based on Cardano’s green blockchain technology, benefiting both developers and society.
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Q2 What steps will you take in 2022 to expand Cardano adoption even more?
In 2022, EMURGO has a lot of interesting things planned, including the official release of Yoroi’s dApp Connector, as well as other cool features for Yoroi to enhance the Cardano ADA user experience in the fast growing Cardano dApp ecosystem.
With the introduction of our own Cardano-based NFT marketplace, Fiborite, expected for early 2022, we are also looking forward to fostering the Cardano NFT ecosystem and community.
Artists and musicians are urged to pre-register for Fiborite’s launch by visiting the official website and following Fiborite on Twitter at @FiboNFT.
EMURGO’s Cardano NFT marketplace Fiborite is uniquely positioned to provide the Cardano community and global artists the ability to effortlessly mint, purchase, and trade NFTs using Cardano ADA directly on the marketplace as a founding company of the Cardano blockchain. Those who are inexperienced with NFTs will be able to effortlessly mint, purchase, or sell NFTs using Fiborite’s simple and user-intuitive UX.
In addition, beginning in 2022, EMURGO will offer DeFi services built on Cardano directly through Astarter, including a decentralized exchange (DEX), an IDO launchpad for ADA-based token initiatives, and more. This will increase ADA users’ liquidity and utility, as well as making it easier for projects to use Cardano.
Q3: What may Cardano users expect in 2022?
Now that Cardano has been completely decentralized, with staking incentives and smart contracts support, users can anticipate to continue its steady development with new dApps and technological advancements. Cardano is also working to offer Layer-2 scaling technologies like Hydra to boost throughput and make Cardano’s scalable, sustainable, and interoperable third-generation blockchain more widely adopted. Users may monitor its development roadmap and get status updates at the official website. Through solution development, Yoroi Wallet feature improvements, developer education courses, and investments, EMURGO will continue to assist the development of Cardano’s ecosystem. Please follow EMURGO on Twitter @emurgo io for the most up-to-date information.
Moonstake is happy to be an EMURGO and Cardano blockchain strategic partner. We will continue to provide strong support the environment as it grows and develops, and we want to provide even more tremendous value to ADA and crypto users throughout the world in 2022 to assist accelerate adoption of the Cardano and Moonstake ecosystems together.
Moonstake develops and operates decentralized wallet services for corporations and end consumers as a world-leading staking service provider.
Our full-fledged staking operation began in August 2020. Our total staking assets have climbed to 1.8 billion dollars thanks to the assistance of users all across the world. We were ranked third out of 15,000 staking providers worldwide in June 2021.
So far, we’ve added around 30 key collaborations to our business and ecosystem, including significant blockchains like Cardano and its official commercial arm EMURGO, TRON, and NEO. We became a completely owned subsidiary of the Singapore Stock Exchange-listed firm “OIO Holdings Limited” in May 2021, and we are trying to increase Moonstake’s activities and boost our visibility.
For more informaion, please visit https://moonstake.io/
EMURGO is Cardano’s official commercial arm, providing socially meaningful solutions to some of the most complex organizational problems. EMURGO can use its abilities for large-scale blockchain development and rapid solution deployment to serve its global clientele as a founding entity of the protocol.
EMURGO has offices in Singapore, India, and Indonesia, as well as a client and partner list that spans the globe. Visit https://emurgo.io to connect and learn more.