{"id":237814,"date":"2024-01-29T21:04:45","date_gmt":"2024-01-29T15:34:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/cardano-invests-in-blockfrost-api-to-boost-infrastructure-evolution-crypto-news\/"},"modified":"2024-01-29T21:04:48","modified_gmt":"2024-01-29T15:34:48","slug":"cardano-invests-in-blockfrost-api-to-boost-infrastructure-evolution-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cardano-invests-in-blockfrost-api-to-boost-infrastructure-evolution-crypto-news\/","title":{"rendered":"Cardano Invests in Blockfrost API to Boost Infrastructure Evolution &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/coingape.com\/markets\/cardano-price-prediction-bulls-poised-for-new-rally-will-ada-defy-the-odds\/\"><span data-preserver-spaces=\"true\">Cardano\u2019s<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0latest strategic investment in the Blockfrost API, developed by Five Binaries, is a significant step in its infrastructure evolution. Input Output Global, which backs Cardano, said in a blog post that\u00a0<\/span><span data-preserver-spaces=\"true\">Blockfrost has been instrumental for developers by providing an efficient, scalable way to access Cardano\u2019s blockchain without a local node.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It noted, \u201cBlockfrost\u2019s value to the Cardano development community is reflected in its widespread usage.\u201d<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span data-preserver-spaces=\"true\">IOG and Blockfrost aim to decentralize data provisioning and mempool access services.<\/span><\/p>\n<h2>Pushing decentralization<\/h2>\n<p><span data-preserver-spaces=\"true\">The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/iohk.io\/en\/blog\/posts\/2024\/01\/29\/iog-announces-strategic-investment-in-blockfrost\/\">said<\/a> that Blockfrost will operate independently in the short term. During this time, it will continue its dedicated service to developers. The long-term goal is to develop a structure supporting Blockfrost\u2019s growth, aligning with the interests of its users and the broader developer community. Future plans include exploring decentralized operational models, with more updates expected on this front.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Mike Ward, chief product officer at Input Output, praised the\u00a0Blockfrost team for their significant contributions to the Cardano developer ecosystem. Ward expressed enthusiasm for the decentralized future of Blockfrost and its community. Blockfrost\u2019s founder and CEO, Marek Mahut, emphasized the company\u2019s role as a leading infrastructure provider and its continued commitment to the Cardano community.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span data-preserver-spaces=\"true\">Recently, the co-founder of VESPR Wallet also noted developments on Cardano, indicating future dApp opportunities.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Derek underlined the wallet\u2019s focus on enhancing the Cardano user experience and facilitating newcomer integration. He said it is a testament to the evolving needs and opportunities within the Cardano community.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">That said, Token Terminal\u2019s data paints a mixed picture of the network\u2019s performance. Despite short-term downturns, the 180-day performance shows a positive trend.<\/span><\/p>\n<figure id=\"attachment_177271\" aria-describedby=\"caption-attachment-177271\" style=\"width: 978px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-177271\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/Token-Terminal-.png\" alt=\"\" width=\"978\" height=\"522\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/Token-Terminal-.png 978w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/Token-Terminal--300x160.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/Token-Terminal--768x410.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/Token-Terminal--150x80.png 150w\" sizes=\"auto, (max-width: 978px) 100vw, 978px\"\/><\/noscript><figcaption id=\"caption-attachment-177271\" class=\"wp-caption-text\">Reprinted from Token Terminal<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span data-preserver-spaces=\"true\">At the time of writing, the price of native ADA stands at <\/span><span data-preserver-spaces=\"true\">~$0.4865. The market cap fluctuations and the recent dip in developer activity and code commits indicate a period of adjustment and transition within the Cardano ecosystem. The decline in fees in the last 30-day period is an indicator to build a long-term and diversified revenue stream.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Also Read:\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/coingape.com\/cardano-upgrade-pushes-the-price-of-ada-up-8-in-latest-update\/\"><span data-preserver-spaces=\"true\">Cardano Upgrade pushes the price of ADA up 8% in latest update<\/span><\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/cardano-expands-with-blockfrost-investment-heres-where-the-network-stands-now\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/cardano-expands-with-blockfrost-investment-heres-where-the-network-stands-now\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; 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Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA177268\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Shraddha&#8217;s professional journey spans over five years, during which she worked as a financial journalist, covering business, markets, and cryptocurrencies. As a reporter, she has placed particular emphasis to learn about the market interaction with emerging technologies.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/d900261633ba7c75c9138bb33015a313?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/d900261633ba7c75c9138bb33015a313?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/d900261633ba7c75c9138bb33015a313?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/d900261633ba7c75c9138bb33015a313?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD177268\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/the-top-eight-must-knows-about-dogecoin\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" 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charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s\u00a0latest strategic investment in the Blockfrost API, developed by Five Binaries, is a significant step in its infrastructure evolution. Input Output Global, which backs Cardano, said in a blog post that\u00a0Blockfrost has been instrumental for developers by providing an efficient, scalable way to access Cardano\u2019s blockchain without a local node. It noted, \u201cBlockfrost\u2019s value to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":222008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-237814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=237814"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237814\/revisions"}],"predecessor-version":[{"id":237815,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/237814\/revisions\/237815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/222008"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=237814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=237814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=237814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}