Cardano
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ADA · 22w

IOHK and Emurgo Publish Open Letter to the Cardano Community

Those keeping an eye on the Cardano ecosystem will know that the Cardano Foundation’s relative lack of performance has been a major source of discontent among some parts of the Cardano community.

Now, however, it looks as if that might be about to change – as the CEO of IOHK, Charles Hoskinson, recently shared an ”open letter to the Cardano community” on Twitter as well as published a ”brief statement” on YouTube.

Put simply, the open letter – which is jointly published by IOHK and Emurgo – notes that the Cardano Foundation has not been doing the job that it was intended to do, e.g., ”procuring trademarks, regulatory outreach, lobbying and community outreach”.

The letter argues that ”the Foundation has, in effect, been controlled by Mr Parsons” since the 14th of July last year, making the Cardano Foundation very centralized.

As ”the Foundation and its council have not been able to execute their purpose in promoting and supporting the Cardano ecosystem”, Emurgo and IOHK are now proposing a break with the Cardano Foundation, as well as a series of actions to remedy the Foundation’s failed performance.

More specifically, IOHK and Emurgo will aim to support the Cardano ecosystem in the Foundation’s place.

Some of the proposed measures include that IOHK and Emurgo will begin to recruit dedicated community managers for the Cardano ecosystem, as well as that IOHK will be willing to hire some Cardano Foundation personnel, if these are willing to leave the Foundation.

Furthermore, the aforementioned ”dedicated community managers” will be tasked with expanding the Cardano community, arranging meetups and events, as well as overseeing educational measures intended to inform on Cardano developments.

In addition to this, IOHK and Emurgo will reportedly jointly launch initiatives in Japan, in order to ”improve exchange access and community understanding of Cardano”.

This is in line with other parts of the op...

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