Main navigation

Cardano Creator Buries the Hatchet with Polymarket

News
Mon, 09/13/2021 - 19:44
article image
Alex Dovbnya
Polymarket says that it believes in “giving credit where it is due”
Cardano Creator Buries the Hatchet with Polymarket
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Blockchain-based prediction market Polymarket took the high road and made good on its bet with IOG CEO Charles Hoskinson.

It donated $50,000 on behalf of the mathematician and the Cardano community to the Magic Yarn Project.

The largest of its kind non-profit organization crafts homespun wigs for children who suffer from medical hair loss due to battling cancer.

Related
Litecoin Creator Addresses Walmart Controversy

The scalps of kids who undergo chemotherapy can become too tender and sensitive for wearing an ordinary wig. Soft acrylic yarns, on the other hand, can make a world of difference for children.

As reported by U.Today, Hoskinson himself picked the small kid’s cancer charity, claiming that it has “a really good heart.”

In mid-July, Polymarket made a $50,000 bet that Cardano wouldn’t have functional smart contracts by Oct. 1.

The platform also launched a prediction market that made it possible for users to bet on whether the team of developers would pull it off.

Cardano launched smart contracts with the rollout of the Alonzo hard fork on Sept. 12, which was accompanied by a double-digit price drop.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.