the Cardano Foundation joins Intersect

Among today’s news, there is the new entry of the Cardano Foundation into Intersect, a member-based organization that supports the distributed governance of the Cardano blockchain. This move aims to mark a significant milestone for the decentralized future of Charles Hoskinson’s network, promoting community-driven governance. 

Cardano Blockchain News: the entry of the Foundation at Intersect and community governance

The Fondazione Cardano has announced its membership in Intersect, a member-based organization that supports the distributed governance of Cardano.

“Together we are stronger. That’s why @Cardano_CF is pleased to announce today its membership in @IntersectMBO. As we enter the #Voltaire era, the Foundation’s participation in Intersect will play a crucial role in shaping the future of the network. Let’s build the future together”.

In practice, this new entry of the Cardano Foundation, an independent non-profit organization based in Switzerland, wants to promote community-driven governance within the blockchain ecosystem. 

Specifically, Intersect is the fulcrum of the alignment of community members to build and sustain the blockchain network through committees, working groups, and events.

In this regard, Jack Briggs, director of the Intersect ecosystem, stated: 

“The vast experience of the Cardano Foundation in the development of infrastructural tools and the promotion of healthy governance aligns perfectly with our mission and we are delighted that the Foundation has joined us. The involvement of the Foundation will undoubtedly enrich the discussions of our community and contribute with valuable insights as we collectively work to shape the constitutional framework and governance structures of Cardano.”

Cardano Blockchain News: the future of decentralization in community governance 

From what has emerged, while Cardano enters the Voltaire era, characterized by full community governance, the participation of the Foundation in Intersect will play a crucial role in shaping the future of the network in terms of decentralization. 

Also Frederik Gregaard, CEO of the Cardano Foundation, stated the following:

“Joining Intersect marks a significant milestone in our commitment to the decentralized future of Cardano. As an independent organization dedicated to the advancement of Cardano as a utility for financial and social systems, we recognize the importance of community-driven governance. Through our membership in Intersect, we aim to contribute our expertise and resources to strengthen Cardano’s operational resilience and promote various use cases on the blockchain.”

Next month, exactly on October 23 and 24, 2024, there will be the Cardano Summit in Dubai, and the blockchain ecosystem is also moving with new other initiatives.

The launch of Kinka Gold (XNK): the token guaranteed by gold

And indeed, among the other novelties in the Cardano house, the most recent concerns the new entry in the ecosystem: the new Kinka Gold token (XNK), guaranteed by gold and supported by Emurgo. 

Each XNK token represents an ounce of high-quality Japanese gold that meets all LBMA standards. The gold is intended for use on the Osaka Exchange and is securely stored in remote vaults for failures worldwide. 

Not only that, XNK can act as a catalyst for other real-world asset (RWA) tokens, offering an alternative stablecoin to those pegged to fiat currencies. 

The Kinka Gold aims to increase the liquidity and use cases of gold such as loans, guarantees, and payments, by entering the Cardano DeFi ecosystem.