5 of the biggest stories- Ripple, Shiba Inu, Elon Musk involved with Cardano, IOTA and Polygon

  • Major networks continue to expand and ink strategic deals to help broaden and gain greater adoption in the market.
  • Although the ecosystem continues to grow, volatility has remained low with investors taking a cautious approach to invest in the market.

In our weekly CNF brief, we take a look at some of the biggest headlines from the past 7 days. A majority of networks in the ecosystem have made some strategic partnership that guarantees their expansion and increase mass adoption. Despite this, investors seem to have taken a cautiously optimistic approach with most coins trading sideways in the last couple of days and weeks.

Polygon scores new partnership to fund blockchain pilots

Polygon and Mercy Corps will work together to push the benefits of blockchain solutions in underserved communities. The two players plan to fund blockchain pilots, conduct a series of hackathons, and run a blockchain boot camp roadshow to increase awareness.

The partnership of Mercy Corps Ventures (MCV) with Polygon Labs will have three major pillars:

  • Funding blockchain pilots to enable access to the financial system for the underserved and excluded communities.
  • MCV and Polygon Labs will conduct a series of blockchain hackathons with developers thereby serving emerging market users.
  • The third pillar is running a blockchain boot camp roadshow in all those markets where Mercy Corps has a presence.

Mercy Corps Ventures have been actively piloting several Web3 solutions in order to responsibly test, de-risk, and build the evidence base for promising, cutting-edge innovation…Read More

IOTA: Billion-$-exchange to list Shimmer

Bitpanda Exchange is anticipating the emergence of IOTA’s Shimmer Network and has backed this by listing the network’s token (SMR) on the exchange. Bitpanda hinted at its planned support for Shimmer when it posted a short but definitive question on its official Twitter handle.

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The ‘WEN Shimmer’ question elicited a response from the Shimmer Network’s account which hinted it will also be launching soon. The community is agog with these revelations as it corroborated other claims that ongoing work on Shimmer is advancing at a very sporadic rate. The Shimmer network is designed as a staging protocol to battle-test all future innovations for the IOTA protocol and is tipped to play a major role in the final release of IOTA 2.0…Read more

Elon Musk to build ChatGPT competitor – Will it be based on Cardano?

The Cardano-based artificial intelligence marketplace SingularityNET (AGIX) rose by more than 17 percent during the week after Musk announced plans to build a ChatGPT competitor. The move is perhaps in line with the billionaire aim of developing an all-in-one Web3 platform through the Twitter Inc. acquisition.

During the week, Musk tweeted that he is more than eager to experience the artificial intelligence (AI) era. While Musk has nothing to do with SingularityNET or Cardano, the chances of tapping on them cannot be ruled out. The Cardano network has significantly grown after the Alonzo hard fork that enables faster and more efficient smart contracts. According to aggregate data from defillama, the Cardano network has a total value locked (TVL) of approximately $115 million…Read more

Ripple to serve CBDCs for 20 central banks worldwide

Ripple’s senior vice president of customer success reveals that Ripple is discussing CBDCs with more than 20 central banks across the globe. Senior vice president of customer success and managing director of APAC and MENA at Ripple explained that central bank digital currencies (CBDCs) are a key focus point in Ripple., and that the company is putting in all the effort necessary to be a key solution provider for Central banks looking to create their own CBDCs.

Additionally, during the week, Ripple confirmed it’s expanding its payment solution into Australia through its major partner Trianglo. Trianglo and EzyRemit will utilize the On-Demand Liquidity (ODL) to foster the payment push…Read more

Shiba Inu: Can Shibarium really drive SHIB price to $1 and make us all millionaires?

Shibarium is set to go live as a layer-2 protocol powering the positive outlook of Shiba Inu with its launch likely to push the native token’s price to $1. Shibarium is viewed as the ecosystem’s Layer-2 protocol that will help drive the more scalable transactions on the Ethereum network. The advanced capabilities of Shibarium are based on what the developer team behind it has said, as insights into its actual workability are yet unknown.

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Shibarium will have its own native token which is already operational in the ecosystem. This potential native token is called Bone ShibaSwap (BONE) and it will be used for paying the gas fees for all transactions that are carried on Shibarium…Read more


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