In distinguishing real-world use versus speculative investing, IOG CEO Charles Hoskinson said he derides DeFi in its current state. The comments come as Cardano announced securing a contract with Ethiopia’s Ministry of Education for a blockchain-based ID system.
This accomplishment is part of Cardano’s pan-African strategy that intends to improve lives by providing new systems. By tapping into real-world use for everyday laypeople, Cardano hopes to differentiate itself from the competition. But is this a strategy that will prevail?
“We look to our industry and we think about things like DeFi. I laugh at DeFi at the moment. Not because I think the projects are bad, or the products are bad, or the teams are not motivated. But because they don’t have real markets.”
Cardano Lands The Bird
After months of teasing, and even before the Africa Special event, the bird has finally landed. Yesterday, Hoskinson took to social media announcing a partnership deal with the