{"id":45591,"date":"2021-07-06T14:17:16","date_gmt":"2021-07-06T11:17:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45591"},"modified":"2025-09-01T11:57:10","modified_gmt":"2025-09-01T08:57:10","slug":"cardano-foundation-unveils-five-year-development-plan","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cardano-foundation-unveils-five-year-development-plan\/","title":{"rendered":"Cardano Foundation unveils five-year development plan"},"content":{"rendered":"<p>By 2026, at least three Fortune 500 companies will be using Cardano&#8217;s cryptocurrency ADA, and 50 banks will be partners of the Cardano Foundation. Frederik Gregaard, head of the nonprofit, said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are very happy to share the Cardano Foundation&#8217;s strategy delivered by our CEO, <a href=\"https:\/\/twitter.com\/F_Gregaard?ref_src=twsrc%5Etfw\">@F_Gregaard<\/a>.<\/p>\n<p>Watch below to hear about our short &#038; long term goals, strategy &#038; implementation and more!<a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&#038;ref_src=twsrc%5Etfw\">#Cardano<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&#038;ref_src=twsrc%5Etfw\">#blockchain<\/a> <a href=\"https:\/\/t.co\/8ME7N545kG\">https:\/\/t.co\/8ME7N545kG<\/a><\/p>\n<p>\u2014 Cardano Foundation (@CardanoStiftung) <a href=\"https:\/\/twitter.com\/CardanoStiftung\/status\/1412137365318127626?ref_src=twsrc%5Etfw\">July 5, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Gregaard&#8217;s presentation, under the short-term development strategy, the organisation has made progress in many areas. In particular, the Cardano Foundation is actively working on creating a centralized data registry for the platform&#8217;s native tokens, Cardano Registry, and launching services for developers.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-493-1024x576.png\" alt=\"Cardano Foundation unveils five-year development plan\" class=\"wp-image-141551\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-493-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1-493-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-493-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/1-493-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/1-493.png 1919w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Source: Cardano Foundation.<\/figcaption><\/figure>\n<p>According to the head of the organisation, by 2022 the Cardano Foundation will sign partnerships with 50 banks, add support for more than three new blockchain libraries, launch a developer service, improve the interpretability of the platform, and enhance the voting mechanism of the decentralized Project Catalyst fund.<\/p>\n<p>Gregaard noted that by 2024 the Cardano Foundation intends to facilitate ADA token purchases by at least three Fortune 500 companies. The organisation also plans to expand on-chain activity and increase the number of wallets.<\/p>\n<p>To this end, the project team will publish three official documents and several studies aimed at practical use of the blockchain platform.\u00a0<\/p>\n<p>By 2026, the Cardano Foundation plans to grow the ecosystem&#8217;s user base to 1 billion. By that time, the project will enter the Voltaire era and will be fully governed by the community as a decentralised organisation.<\/p>\n<p>Currently, Cardano&#8217;s cryptocurrency ranks fifth on CoinGecko&#8217;s ranking with a market capitalization of $45.33 billion. In the last 24 hours, ADA&#8217;s price fell 1.7%. At the time of writing, the price is $1.41.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"502\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/ada-4-1024x502.png\" alt=\"Cardano Foundation unveils five-year development plan\" class=\"wp-image-141552\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/ada-4-1024x502.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/ada-4-300x147.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/ada-4-768x377.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/ada-4-1536x754.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/ada-4.png 1828w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly ADA\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/ADAUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The Cardano Foundation has ambitious plans, but critics often mock the organisation for failing to meet its stated goals.<\/p>\n<p>On July 5, venture partner Placeholder Venture Capital&#8217;s Chris Burniske re-tweeted a post from last year by Cardano&#8217;s founder Charles Hoskinson, in which he laid out an optimistic forecast for the blockchain platform&#8217;s development. Burniske accompanied the post with the comment: \u201cDid any of this happen?\u201d.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Did any of this happen? <a href=\"https:\/\/t.co\/dlQZ4B4cIW\">https:\/\/t.co\/dlQZ4B4cIW<\/a><\/p>\n<p>\u2014 Chris Burniske (@cburniske) <a href=\"https:\/\/twitter.com\/cburniske\/status\/1411851112676724736?ref_src=twsrc%5Etfw\">July 5, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, the digital asset manager Grayscale Investments <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-adds-cardano-to-digital-large-cap-fund\">included Cardano as a component of the Digital Large Cap Fund<\/a>.<\/p>\n<p>Back in May, billionaire <a href=\"https:\/\/forklog.com\/en\/news\/mark-cuban-criticised-cardano\">Mark Cuban<\/a> criticized Hoskinson&#8217;s project for a lack of practical utility and too long a lead time to the final release.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By 2026, at least three Fortune 500 companies will be using Cardano&#8217;s cryptocurrency ADA, and 50 banks will be Cardano Foundation partners. Frederik Gregaard, head of the nonprofit, said.<\/p>\n","protected":false},"author":1,"featured_media":45592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,1401],"class_list":["post-45591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-cardano-ada"],"aioseo_notices":[],"amp_enabled":true,"views":"66","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=45591"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45591\/revisions"}],"predecessor-version":[{"id":45593,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45591\/revisions\/45593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/45592"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=45591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=45591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=45591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}