The co-founder of IOTA has dropped hints about exciting plans to integrate IOTA and Shimmer with Cardano. This comes as the IOTA co-founder, Dominik Schiener, has been invited to speak at the upcoming Cardano Summit 2023. The discussion about a potential partnership between IOTA and Cardano began back in 2020 when Schiener expressed his interest in collaborating with Cardano’s Charles Hoskinson. Schiener had mentioned the possibility of developing a bridge between the two platforms, and Hoskinson responded by requesting a meeting. Now, years later, the IOTA co-founder has revealed that there is a plan in motion to bring Cardano and IOTA/Shimmer together, which could have a significant impact on both ecosystems.
The Shimmer network, launched in September 2022, serves as a staging network for IOTA’s mainnet. It allows for the rapid development and testing of smart contracts and other capabilities. This development is part of IOTA’s broader goal to enhance its interoperability with other ecosystems, including Ethereum.
Meanwhile, Cardano is gearing up for its annual event, the Cardano Summit 2023. The summit will feature over 100 speakers representing various aspects of the blockchain industry. Among them is Dominik Schiener. The event will also include exhibition space, masterclasses, and community-led events across the globe.
Frederik Gregaard, CEO of the Cardano Foundation, expressed his excitement about the upcoming summit, highlighting the exceptional lineup of speakers and the decision to hold the event in Dubai, a growing hub for the crypto industry.
The summit will take place from November 2 to 4, 2023, at the Grand Hyatt in Dubai. The agenda includes sessions on operational resilience, blockchain education, regulatory issues, and accelerating blockchain adoption.
In terms of market performance, IOTA’s native token MIOTA has seen a 3% decline in the past week and is currently trading around $0.169335. ADA, the native token of Cardano, has also experienced a 5.6% decrease in the past week and is trading at $0.292319. However, the partnership between Cardano and IOTA could potentially lead to gains for both assets, depending on investor reactions.
In conclusion, the integration of IOTA and Shimmer with Cardano is an exciting prospect, and the upcoming Cardano Summit 2023 will provide a platform for further discussions and developments in the blockchain industry.