Altcoins
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In the near future, Cardano will release the social network Cardano Spot. Its main goal is to bring together crypto enthusiasts and ADA coin holders around the world within one platform. This platform is specifically designed to facilitate the investment, distribution, consumption and monetization of content in the Cardano ecosystem.
Cardano Spot offers a scheme to solve the problem of low-quality content by aggregating information from reputable sources in order to provide customers with up-to-date data from the world of cryptocurrencies. The platform will be run by EMURGO Media, with Sebastian Zilliacus appointed Managing Director. The specialist noted: the main task of EMGURO Media is to act as an information bridge between content consumers and the Cardano ecosystem.
Cardano Spot is currently in beta. At the same time, users can apply for participation in early access. It is noteworthy that the Cardano ecosystem unites more than 4 million wallets and over 3200 liquidity pools. While most digital assets are struggling, ADA appears to have benefited from the hype surrounding the upcoming launch of the social marketplace.
Over the past day, the coin has added 2.6% in price and about 6.7% over the past week. As of December 5, Cardano is trading near the $0.33 mark.
Earlier, the Crypto.ru editors informed: representatives of the ByBit and Swyftx sites noted that in the context of a protracted crisis, they would have to fire some of their employees. The head of ByBit noted that it was a difficult decision, but the long-term development of the company is at stake. Therefore, in the current conditions, we have to take radical measures.
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