according to the materials of the site -
By NFTENEX
This event highlights Cardano's approach, which is primarily focused on retail, rejecting venture capital involvement and encouraging significant interaction with the market.
Hoskinson, known as the founder of Cardano, denied accusations of accumulating Midnight tokens during the Glacier airdrop. The initiative debuted at Consensus 2025 and Paris Blockchain Week 2025, emphasizing a retail-focused strategy without distributing funds among insiders or venture capitalists.
As a strategic move, Hoskinson is personally funding the project. He noted: "Instead of conducting an ICO or seeking venture funding, I will use my own funds to develop, launch, and complete this project and airdrop it to these eight blockchains." The project is aimed at a retail audience, as more than 1,300,000,000 tokens have already been announced across various blockchains, including ETH and BTC holders.
Market observers noted a significant increase in activity after this announcement. The price of ADA rose by more than 15%, reflecting the optimism and enthusiasm of the market regarding this initiative. Analysts note an increase in liquidity and activity on the blockchain.
The absence of insiders and institutional partners in the project distinguishes it from typical airdrops. Regulatory oversight remains possible; however, there are currently no reports of compliance issues that would suggest SEC or CFTC intervention regarding privacy and management measures for Midnight.
From a financial and technological perspective, this initiative suggests a potential shift in blockchain governance models. By focusing on cross-chain compatibility and the use of privacy technologies, Cardano, under Hoskinson's leadership, aims to set new precedents in cryptocurrency governance.
$BTC, $XRP, $SUI
#MarketRebound, #Cryptomarketnews
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