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23 April 2021

Cardano Fund Invests in COTI Ahead of Smart Contract Launch | Crypto Briefing

Cardano Fund Invests in COTI Ahead of Smart Contract Launch | Crypto Briefing


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The investment will set the path for the two projects to explore “cooperation and collaboration.” COTI builds fintech infrastructure for blockchain, allowing for the creation of native payment solutions.

It’s worked closely with Cardano in the past, creating the earliest version of ADA Pay in 2019 and will upgrade the solution ahead of Shelley’s launch.

The news of the COTI investment is another sign that the Cardano ecosystem is growing.

Some Ethereum fans have taken shots at Cardano in the past, pointing out that smart contracts are not yet live on the platform (smart contracts are due to launch with the upcoming Alonzo hard fork, scheduled for this summer). 

Last month, Hoskinson posted a viral tweet showcasing the various apps that form the Cardano ecosystem today. 

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