Cardano Foundation has announced the launch of a new project to boost third-party smart contract development in collaboration with EMURGO, the commercial arm of the Cardano blockchain.
📢Cardano Foundation & @emurgo_io Launch Project to Develop New #dApp Tool Stack @F_Gregaard said, “The development of this tool stack will further enable a vibrant, inclusive ecosystem for third-party smart contract development on Cardano."— Cardano Foundation (@CardanoStiftung) January 17, 2022
📰https://t.co/5yGEPTNbSC #Cardano pic.twitter.com/IFrJEXCJER
The collaboration between the two organizations will see efforts and resources united to create a tool stack that would support the Cardano ecosystem and accelerate decentralized application development, according to its official handle.
The project will be divided into two phases: MVP1 and MVP2. Five Binaries, an infrastructure development company, will build a modular tool stack for MVP1. The Cardano Foundation plans to reach out to other projects and collaborators from across the ecosystem in the second stage, MVP2, and openly invite them to contribute to the project.
Cardano sees developing a second application backend for its ecosystem as quite essential as it might help increase the diversity of options available for developers to build solutions on Cardano. This move may also allow third-party developers to create a variety of apps as well as satisfy industry standards for smart contract-based infrastructure.
Frederik Gregaard, CEO of the Cardano Foundation, a non-profit that oversees developments on the Cardano network, said, "The development of this tool stack, in partnership with EMURGO, will further enable a vibrant, inclusive ecosystem for third-party smart contract development on Cardano."
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