Monday, May 27, 2024

VCs are unaware that Cardano has a community, according to Charles Hoskinson.

Charles Hoskinson, founder of the Cardano Blockchain, in a video, recently criticized Venture Capitalists and Silicon Valley’s obsession with using and throwing things. He said many people think that Cardano is just behind a mic, but it is a community instead.

He also said that these fact-checkers are just arbitrary people that decide on the legitimacy of things. Pushing back against the regulations in the crypto market, he also said that most of the financial crimes in the country are done in Dollars and other fiat currencies.

Charles also said that he is going against the grain by challenging a $2.5 trillion industry. Later on, he also said that eventually, Cardano would become a permanent open source project. He wants Cardano to move away from traditional hierarchical structures and be an open-source Dapp that is developed by the many members of the Cardano community.

The founder also has been advocating for DeFi and its potential in the coming years. It is hard to do something like this and do it right too. DeFi and crypto have been making strides in the last few years and have become increasingly popular amongst the younger generations.

All this is because the traditional forms of investing have failed, and these can be said to be the new gold for millennials. If you have been planning on getting into DeFi projects and crypto in general, now is the best time to do so. They have been growing exponentially and, in some time, will be out of reach for most.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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