Cardano Summit 2021 sees DeFi, NFT and climate partnerships

A protester holding a sign that reads 'Earth is more valuable than money'.

Fin is a former junior editor at TechForge.

The Cardano Summit 2021 on September 26 has led to a number of strategic partnerships designed to drive adoption of the Cardano blockchain being announced.

Held by the non-profit custodian of the blockchain, the Cardano Foundation, the Summit was co-located across a mixture of virtual and physical events in New York, Miami, Wyoming, London, Berlin and Cape Town.

At the event, Frederik Gregaard, CEO of the Cardano Foundation, said: “At Cardano, our goal is to provide those at the cusp of societal and technological change with the tools they need to create new possibilities and drive positive impact.

“Strategically, the partnerships announced today serve to create the foundational structures Cardano needs to prosper from both an enterprise and technical perspective.”

One takeaway partnership from the summit came from veritree, a land restoration and tree planting verification company who will now be using the Cardano blockchain.

Derrick Emsley, co-founder and CEO of veritree, said: “By integrating with Cardano’s blockchain, tree planters across the globe will deliver irrefutable proof to sponsors on what sapling has been planted where, by whom, and how that site is being maintained. This provides complete peace of mind to our partners on the legitimacy of their project.”

Cardano has also partnered with esports and gaming platform Rival to develop NFT marketplaces and fan rewards for the company and its clients.

The partnership will see Cardano facilitate the ability to create and distribute NFTs for clients including the NBA’s Detroit Pistons and Premier League football’s Aston Villa.

In the decentralised finance (DeFi) space, Cardano confirmed its support for AID:tech, which provides identity based solutions for finance, payments, and insurance through blockchain.

The collaboration will see Cardano provide technical guidance to the AID:Tech team as they develop verifiable credentials for trusted identity management and ownership.

Want to learn more from executives at the heart of this space? The Blockchain IoT Solutions Congress, on November 2 2021, will explore the convergence of these two technologies and the use cases and industries that will benefit.


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