New Partnership Sees Cardano Opening Up To DeFi And NFTs

A new partnership sees Cardano opening up to DeFi and NFT sector as Occam and Bondly revealed in the new announcement that we have in our latest Cardano news today.

The recent announcements culminated in ADA hitting a new ATH at $1.69 and despite that, the critics often point out that Cardano doesn’t have smart contracts yet. The developments are now occuring in the background and are reading it to capitalize when the time is right so this week, Occam along with Bondly is giving up a glimpse of what is coming. The new partnership sees to bring Defi and NFT to Cardano according to the announcement:

“Together, the two blockchain leaders will explore development synergies within the growing NFT market for Cardano, a proof-of-stake blockchain platform, to enhance DeFi capabilities and bring high-quality projects through the OccamRazer launchpad and the Bondly Launchpad.”

You will soon be able to participate in our #Uniswap Liquidity Mining initiative. Read all about it, including a guide on how to get started, in our latest article. https://t.co/X4JYVR0eOR #DeFi #Cardano #LiquidityMining

— OccamFi (@OccamFi) May 4, 2021

Right now, Cardano holders are able to access staking services only and without the capabilities of the smart contract, NFT and DEFI won’t be available. CEO Charles Hoskinson gave a deadline for a full smart contract rollout and as we are approaching this date, the developers are starting to announce details of the smart contracts that offer on the Cardano chain. Commenting on the tie in with Bondly, the president of the Occam Association Mark Berger who said:

“Bondly has emerged as an NFT leader and together, we believed our partnership, and by extension the Cardano ecosystem, is a natural fit. Together, we will pursue opportunities to incubate NFT startups and bring high-quality projects across our respective launchpad infrastructure.”

Bondly’s mission is to make Defi even more accessible to everyday users by building trust through the decentralized escrow service and marketplace. Launched on Polkadot, Bondly went on to carve out a solid reputation as a specialist in the NFT space and it offers a range of other services like swaps and escrow services. Bondly CEO Brandon Smith said he is looking forward to work with Occam to realize the potential locked within the ADA ecosystem.

The Goguen smart contract era is close to completion but requires a rollout of the Alonzo protocol before it even happens. During the Cardano 360 event, Hoskinson gave a rundown of the steps needed before Alonzo goes live. The new update already was integrated into the ledger and while alpha partners have completed the testing. Commercial partner Emurgo released a post where it was confirmed that Plutus pioneers started stress testing the network.