Notably, few weeks before a media release indicated that ADA holders will soon be able to stake their possession using Coinbase custodial service.
In this regard, a spokesperson of IOHK, Cardano blockchain development firm, issued the following clarification regarding Coinbase listing:
“With the release of Adrestria, our new suite of libraries and APIs, allowing for a seamless, modular process of integrating Cardano with exchanges, we’ve been working closely with a number of exchanges, and the community can expect more announcements before the end of 2020.”
Today at #Cardano2020 we announced IOHK has signed a custody agreement with Coinbase for #Cardano. 1/4
— IOHK Media (@IOHKMedia) July 3, 2020
The information has come against the backdrop of Cardano’s Virtual Summit, which provided a series of update on the venture earlier this week. On July 2, there was an announcement regarding the launch of cFund by IOHK, in collaboration with Wave Financial Group. cFund, a venture fund, is intended to promote adoption of IOHK’s blockchain platforms.
To begin with, the company has set aside $10 million, with another $10 million planned to be raised by its associate. cFund will invest between $250,000 and $500,000 in “startup and early-stage businesses that build their products and services on IOHK’s blockchain technologies, including Cardano.”
Through a tweet, Charles Hoskinson, founder of Cardano blockchain, has recently disclosed that Cardano Virtual Summit has seen a participation of more than 10,000 guests, higher than well-known Blockchain conference Consensus.
I just want to point out that the cardano summit is larger than consensus. Nearly 10,000 people have attended so far
— Charles Hoskinson (@IOHK_Charles) July 2, 2020