Big News: Cardano Foundation SECURES Deal in MAJOR Crypto Hub – Key $ADA Updates!

Big News: Cardano Foundation SECURES Deal in MAJOR Crypto Hub – Key $ADA Updates!

what’s up a nation welcome to DAP
Central your home for everything
blockchain and crypto I’m your host fed
as a part of today’s video we’re diving
into the latest ecosystem updates for
cardano first and foremost we have the
cardano foundation still hanging out in
Dubai with potential Partnerships being
signed one of them with a investing firm
with over $100 million to spend for
their asset under management fund we
also have the cardano foundation sitting
down and shaking hands with the
blockchain center within Dubai now
following that I want to talk a little
bit about Builder Fest which is a
cardano based event for all the
developers in brightest Minds to come
together it’s now taking place in France
with day one just wrapping up in day
number two taking place tomorrow
following that we have Dex Hunter adding
support for the first ever order book
style protocol on their decks aggregator
which is none other than axo trade after
that I want to quickly talk about the
begin wallet and their recent
partnership and what this could
potentially mean for the begin wallet
IMX as well as fluid tokens now after
that I want to talk a little bit about
uh the Maestro protocol an
infrastructure platform here building
here on cardano and the fact that they
just announced that they’re going
multi-chain in closing of today’s video
I want to highlight Peter who’s been an
awesome contributor here in the cardano
ecosystem putting together the utxo
website which allows for you to
visualize all the process blocks on the
cardano network in closing we have a
brand new platform or a brand new
service being provided by demer and I
want to break that down from a technical
perspective as always if it’s your first
time stopping by my goal here is to
introduce you if you’re new to the
ecosystem to cardano or if you’re an
existing member just keeping you up to
date with everything that’s developing
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leave the link to that particular video
down there now that we have the
introduction out of the way let’s talk a
little bit about the cardano foundation
shout out to Fred and the entire team
they have been in Dubai working
relentlessly and we have a potential
partnership with a um investor also
known as lbank now lbank also runs a
crypto exchange but L bank’s Labs is
aiming to launch a crypto fund basically
acting as a seed investor with over $100
million of funds looking to be allocated
so it states here thrilled to meet with
the elbank team in Dubai we focused on
exploring opportunities to expand the
range of cardano native assets available
now this is interesting because cardano
native assets are plenteous in the
ecosystem but it would be really cool to
see if there could be some sort of fund
or some sort of way for the elbank team
to collaborate with the cardano
foundation to give more exposure to some
of the big bigger or mo more known cnts
that would of course include something
like Indigo Min swap Leni liquid n um
just all the biggest tokens here which
right now it’s very difficult to get
access to them but we have seen a couple
of these teams or a couple of these
projects reaching out for listings on
centralized exchanges now taking a
closer look at lbank it states here that
they’re unleashing the future with
lbanks Labs who’s pioneering aund
million asset under management fund
empowering blockchain and web3
Innovation since 2022 taking a closer
look at their website again there’s the
mention of the hundred million fund and
a quick recap of what exactly it is that
they do taking a look at some of their
portfolio or some of their Partners I
mean the the list is quite long here um
a lot of these not necessarily being
cardano specific projects or cardano
specific protocols but just broader um
blockchain apps so this could be a first
right them dealing with the cardano e
system and again taking a look at just
what Frederick mentioned with reach with
specifics to cardano Native assets this
could be much more than just bringing
kdo or Ada to the Massa so I’m excited
to see that now that’s not all the team
has also taken the time to strike a
partnership sitting down and shaking
hands um with the Dubai blockchain
Center so interesting to note here that
this is off the back of the announcement
that the Dubai Police Department would
be using the cardano blockchain for a
forensics based pilot this would allow
for them to store their forensics
information on the cardano network and
of course that provides transparency
immutability and quick access and they
can then share that with other
departments so there’s no sort of um
highlight here um as to what this
particular partnership entails with the
Dubai blockchain Center but this does
look to be separate than the partnership
or the sitdown that was struck with the
police department now shout out to
Kaizen crypto fellow content creator
here who was actually in attendance
right which is how he was able to grab
this picture at the blockchain center so
really cool to see there again shout out
to the entire cardano Foundation we just
saw them launching pragma a member-based
organization to empower or to um expose
some of the most important um open-
Source projects in the cardano ecosystem
in addition of course we’ve seen them
stating that they have a couple of
States within the United states that
have knocked at their door suggesting or
asking for a lightweight blockchain
voting solution which could potentially
be filled by cardano so the cardano
foundation really doing a lot here as a
brief reminder the 2024 Dubai Summit or
the 2024 cardano Summit is taking place
in Dubai and again it’s no coincidence
that the team has been in Dubai making
some of these Partnerships so um again I
think there’s been a huge focus on Dubai
they are extremely crypto-friendly and
it’s to see that the cardano foundation
is sort of um front running right the
narrative around Dubai and crypto
adoption there if they’re able to land
some of these more solid Partnerships
before other projects sort of catch wind
I think this could set up cardano for a
really long winning streak next we have
some updates surrounding Builder Fest so
this is the first ever time that this
event has taken place and right now they
have just wrapped up day number one in
France so this is the agenda um quite a
bit to sort of talk about here but if I
just back up a little
bit the Builder Fest is essentially just
a cardano community event bringing
together the biggest and brightest Minds
when it comes to developers so day one
was made up of presentations some of the
speakers included Sebastian bat PI
lanningham from the Sunday swap team
Adam Dean who’s contributed quite a bit
here Mel Luca who’s who I believe has
contributed to iin um just to name a few
years so um really interesting lineup
here when it comes to the developmental
space and then day number two will be an
open space where the developers can sit
down chat with one another and begin to
share code or even just dive deeper into
solutions that were presented on day one
now taking a look at the agenda here
again this was just for day one which is
now officially over we have some topics
surrounding eux o management Frameworks
for rwas serverless blockchain talks
talking a little bit about frontend
Frameworks and reli daps as well as
talks surrounding chaining ZK rollups
and plutus compiler so again not my
wheelhouse personally but it’s good to
see that there is a community that is
able to meet now and really sort of
share ideas amongst one another I’ve got
a quick video I want to go ahead and
just quickly play here as you can see
the event pretty packed a lot of
interaction going on looks like a really
good time good drinks good food all of
that good stuff there so wanted to
quickly touch on that um really
insightful um one thing that I would
love to see hopefully for next year is a
recorded version right so where people
that maybe aren’t in France um have the
ability to tune in listen and hopefully
get some value out of some of these more
technical talks next we have an update
surrounding Dex Hunter it’s a pretty
short one but we have the support for
axo trade as the first ever order book
style decks being added to the Dex
aggregator so Dex Hunter has been around
they are I believe the largest Dex
aggregator right now in the ecosystem
and right now you can only um swap or
use amm style protocols when you route
your swap or execute your swap using the
Dex Hunter interface now we have had two
order book style dexes launch on the CDO
Network very recently we had axo trade
in February of 2024 and then before that
in December we had the launch of Genius
yield so we have axo being integrated
tomorrow on April 24th and the team has
confirmed that they are working on
integrating the genius seial protocol
here very very soon as well as well next
we have a quick update surrounding the
begin wallet and a partnership that was
recently struck with IMX an identity
solution building here on cardano as
well as fluid tokens a lending and
borrowing protocol for nfts and fungible
Assets Now I just sat down with the
begin wallet team to talk about their
wallet some of the existing features for
example like the ability to set alerts
the ability to of course send and
receive as well as stake directly from
within the wallet but then we also
talked about their future plans now
they’ve recently also open sourced the
core portion of the code for their
wallet allowing for anybody who wants to
get a better understanding from a
developer’s perspective as to how the
wallet runs um and then even maybe just
double checking the security right you
can now do that given the fact that it
has been open sourced now with their
partnership with IMX in fluid tokens
it’s an interesting one because IMX is
providing identity Solutions which we
all know could be critical if integrated
correctly within a wallet in addition we
have fluid token providing lending and
borrowing services and that could
potentially be integrated directly into
the begin wallet or there could be some
sort of pipeline to make it easy right
to tap into the value of your nfts or
your fungible tokens through the use of
fluid tokens now in addition we’ve seen
the fluid tokens team going multi-chain
there’s also another project that I’m
talking about that’s gone multichain um
in just a minute here but all these
projects beginning to number one
co-mingle but then number two expand
their reach we also have IMX partnering
up with fluid tokens in end maker for
finest tokenized which is focusing
specifically on rwa so a lot of cross
pollination or a lot of cross
collaboration between projects in the
ecosystem nonetheless I’ll keep you guys
updated once we have an official sort of
statement surrounding how this
partnership will play out and what
services or benefits we could see coming
to the begin wallet IMX or fluid tokens
now before we move into the next segment
as always if you are enjoying today’s
content I would appreciate appreciate
you if you could smash that thumbs up if
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Central and you want more content like
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support my mission here to educate
everybody within the cardano ecosystem
next we have some topics surrounding the
Maestro team so Maestro is officially
going multi-chain they’re an
infrastructure provider here on cardano
so if you don’t want to run your own
node if you don’t want to run your own
instance of DB sync or if you just want
to get quick access to rpcs for example
like Koo or agos or agos you can go
ahead and use the Maestro team for their
services now it states you that they are
going multi-chain which is interesting
because this is a narrative that we’ve
seen popping up more and more frequently
most notably melt has gone multichain
World mobile is multi-chain book. is
multi-chain cornucopious is multi-chain
genius yield is multi-chain and we now
have Maestro going multi-chain as well
so hopefully the people that doubt the
multi-chain approach are finally
starting to understand that multi-chain
is the way of the future again imagine
running a business right which is
successful in a particular State and
then realizing that there is demand for
that same exact service in a neighboring
state it would only make sense that you
expand the business right if you have
the capital the infrastructure and the
resources to do so right it only makes
sense to expand your offering therefore
bringing more Revenue back over into the
protocol which should hopefully provide
more value right to potential token
holders now in this case Myro doesn’t
actually have a token but it’s just to
draw the illustration there for you guys
so hopefully you guys understand that
there now when it comes to this
particular announcement they did not
mention which particular chain they’ll
be moving to but we do have some
interesting color choices here right
with the purple in the yellow slor so I
don’t think it’s Bitcoin um
it could potentially be B&B they have a
very similar sort of yellow icon or
potentially even madic or polygon again
they’ve got a sort of a purple colored
logo now I’m completely speculating here
the team hasn’t made an official
announcement I’ll follow up here in a
separate scoop update when they do um
but it’s interesting because right now
Bitcoin cardano Litecoin um I believe
the nervos network those are all utxo
based ecosystems and of course Maestro
started off in a utxo ecosystem which is
cardano if they’re expanding to BNB or
potentially even madic those are evm
based ecosystems which use the
accounting based model could this make
it a little bit harder for them I think
so but could this also open them up to
more customers I also think so so I’ll
quickly wrap up this update here but I
do want to quickly highlight that they
are going to be going multi-chain next I
want to highlight a community grown
project that deserves a lot of
recognition this is coming in here from
Peter and I’ll leave the link to his
Twitter down below but it’s available at
eux o.org from this website you can view
all of the blocks as they’re processed
right by different Stak pool operators
or different nodes in real time so it’s
really interesting there as you just saw
some of that last block falling down
below we should hopefully have a new
block loading here any moment as you can
see there there’s information
surrounding the adaa involved the nfts
the tokens whether or not they’re
dealing with defi you can see the block
height the transactions the epoch and
the TPS or transactions per second so
from a visualization standpoint this is
impressive to see here given the fact
this was developed by Peter without any
sort of funding from Project Catalyst or
something similar now he has also
recently been working on a feature to
allow for you to see directly into the
me pool so this allows for you to see
transactions after they’ve already been
processed on the cardano network but the
mempool all for to see transactions cued
to be put into a block so we have a very
similar feature being released for
Bitcoin that allows for you to see all
of the mempool data directly um on the
Bitcoin uh Network as they’re being
processed right so again you have
transactions which are submitted to
nodes they then hang out in the mempool
and then as blocks are minted or as
blocks are created um those different
transactions are sent to those blocks to
be carried out and executed and
validated then propagated by nodes so
here we have a brief um video again
developed by Peter here of the mempool
for one particular cardano note I
believe this is one of the block Frost
nodes keep in mind there’s over 3,000
different nodes um but you’re able to
now see transactions submitted to a
particular node before it’s submitted
and actually processed by the cardano
blockchain so interesting
um development here want to give Peter
some much deserve recognition again
given the fact that he’s been able to
put this all together right without any
sort of external funding last but not
least we have an update surrounding
demer in their recent release of their
CLI so I just spoke a little bit about
the Maestro protocol and demer does
something very similar so they provide
middleware services for daps or projects
that want to build on cardano without
running their own Hardware or their own
infrastructure
now it stat you that you can now build
and deploy daps on a single platform
with the meter again reducing the effort
in improving the scale for a particular
protocol therefore allowing them to more
or less focus on their actual core
offering as opposed to focusing on
running a node running DB sync and doing
all that extra stuff now the demer team
has just released their commandline
interface which allows for you to
download or um install their product Qui
quickly giving you access to the entire
cardano blockchain DB sync and just the
ability to query all the data that’s
processed on the cardano network now if
I jump over here there are two examples
I want to quickly talk about where we
have the current way that development is
done in the current sort of assets that
a development team has to keep track of
and so here we have a node right which
is just the software that is connected
to the cardano network and the node is
basically there to process transactions
or there to process blocks if you’re
selected now this basically is how The
Ledger or the blockchain is maintained
and propagated given the fact that we
have over 3,000 noes now in order to
actually grab data from a node you have
to use what’s called as what is called
or known as dbsync so dbsync allows for
you to query right or basically put
together questions about data on the
Node and then that’s returned back over
to DPS sync or that is returned or can
be given over I should say to a project
that needs that data now we also have
agos Koo and Marlo these are all
essentially rpcs or remote procedure
call platforms that allow for you to
interact with the node from a remote
server now the current way that
development teams have to manage a lot
of this is that they have to manage all
of this here in addition to their
protocol so they have to worry about
version upgrades because the node is
always getting upgraded
they have to worry about monitoring so
making sure that things are performing
like they should be they have to worry
about backing up data temporarily
they’ll have to worry about load
balancing making sure that the nodes or
the services that they use aren’t being
spammed in one particular way um they
want to basically load balance that
traffic and then there’s also High
availability standards right so making
sure that the node is actually up and
available when it needs to be and then
last but not least security making sure
that all of the infrastructure that the
DAP uses doesn’t become compromised or
exposed to Bad actors so that’s how
things currently work however with Dem
meter they basically act as a middleman
so here they provide their command line
interface which allows for you to
quickly interact with all of the
different sort of nodes or services that
they already manage so you no longer
have to worry about running a node you
know you no longer have to worry about
dbsync and all these different things
they already run instances and through
the demer CL
you can query the node you can um use
dbsync you can make or send transactions
using uh agos or Koo you can do all of
that through the interface or through
the service that the meter provides so
hopefully that makes sense again very
similar to Maestro and here on the uh
Services page again you can see they
provide nodes they’ve also got indexers
and they’ve also got RPC services so
pretty interesting uh update to see here
from the demer team really simp
simplifying development here going on in
cardano so that will do it here for
today’s cardano scoop highlighting and
talking about the cardano foundation
striking a partnership with the Dubai
blockchain Center and potentially
another with lbank as well as Builder
Fest day one wrapping up with day number
two taking place tomorrow we then talked
about Dex Hunter begin wallet Maestro
e.org and then we just wrapped up by
highlighting demer in their recently
released CLI I hope you guys learned
something along the way if you did I
would appreciate you if you could smash
that thumbs up if it’s your first time
stopping by DB Central and you want more
content like this breaking down
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you have any questions for me then make
sure to leave a comment down below that
said and as always I’ll see you guys in
the next video

Looking for the latest updates and developments on Cardano? Look no further, Dapp Central has you covered. In this video, we’ll review Cardano’s overall growth and a few highlights in terms of project updates for the month of April so far! If you appreciate this type of content, then make sure to leave a thumbs up and subscribe! Cheers.

Cardano Foundation – https://cardanofoundation.org/
Lbank – https://www.lbanklabs.com/fund-of-funds
BuilderFest – https://buidl.2024.cardano.org/
DexHunter – https://www.dexhunter.io/
Axo Trade – https://www.axo.trade/
Begin Wallet – https://begin.is/
Maestro – https://www.gomaestro.org/
EUTXO – https://eutxo.org/
Peter Oravec- https://twitter.com/oravecpeter
Demeter – https://demeter.run/

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Dapp Central is an educational channel, aiming to on-board new crypto enthusiasts into the space. The channel covers the latest news, reviews and tutorials surrounding the top projects in Cardano. If that interests you, then make sure to subscribe to stay updated! If you have any questions, then make sure to leave a comment down below. Thank you!👋

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The information discussed on this channel is not to be considered as financial advice. All of the content presented is for educational purposes only. Always make sure to do your own research and understand that cryptocurrencies are a new and emerging asset class.

========== Video Content ==========
00:00 – Intro
03:01 – CF Partnerships
07:16 – BuilderFest
09:10 – DexHunter & AXO
09:59 – Begin Wallet Partnership
12:17 – Maestro Multichain
14:57 – EUTXO.org & Mempool Visuals
17:07 – Demeter CLI