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Cardano’s “Next Wave” and the Crypto-Earning Console

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Bitcoin (BTC-USD), KuCoin (KCS-USD), and Gari Network (GARI-USD) have all suffered losses in the month of July, but July can be considered favorable for Cardano (ADA-USD) traders as well as NFT players. (Each of them will have their very own game console!) Let’s dive right in.

Yesterday, Cardano’s co-founder Charles Hoskinson announced on Twitter that the cryptocurrency’s “next wave” would be arriving “this month.”

Cardano‘s developers took their first official step toward the “Vasil” update, which is widely seen as a crucial near-term catalyst for the ADA cryptocurrency, on Sunday. This step was as follows:

Within the next month and a half, developers intend to perform a hard fork on the “mainnet” blockchain. When they do, the Vasil upgrade will be implemented simultaneously by all Cardano validators, and following that, only the newly released version of the blockchain will be considered valid.

Cardano’s mission is to “increase throughput and reduce latency in block transmission,” with the end goal of “allowing for the network to process a larger number of transactions…without affecting network performance.” As I’ve mentioned in previous posts about Vasil and why it’s important, this will enable Cardano to “allow for the network to process a larger number of transactions.”

After Cardano announced on June 25 that it will postpone Vasil, ADA experienced a decline of approximately 6%. (originally scheduled for June 29). The ADA is currently up by +2 percent.

Up next is a scalability product for Cardano codenamed Hydra that will be implemented at the “Layer 2” level. ADA has a pattern of performing very well before such milestones, and Hydra is the next possible upward catalyst, which might occur this summer or fall.

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A Gaming Console Based on NFTs Where You Can Earn Crypto

The next Polium One will, much like other video game consoles available today, offer 4K Ultra HD… “ray tracing” for extremely realistic animation… and texting and voice chat capabilities.

Unlike other consoles, Polium will play blockchain games. From an extremely large number of blockchains as well, including Ethereum, Solana, Polygon (MATIC-USD), Binance Smart Chain (BNB-USD), EOS (EOS-USD), ImmutableX (IMX-USD), WAX (WAXP-USD), and Harmony (ONE-USD)!

According to Cointelegraph, there will be an integrated multi-chain wallet, and “security and verification of transactions from the console will be enabled via a fingerprint scanner on the controller.”

In the third quarter of 2024, if you purchase a “Polium Pass NFT,” you will be eligible to get one of the first 10,000 consoles. Additionally, the NFT “may be staked for a PLAY token, the console’s native token for transacting on its marketplace app.”

DappRadar reports that, despite the ongoing bear market, the non-fungible token gaming industry has remained impressively robust. And the business concept of creating projects with “actual utility,” all the while earning cryptocurrency along the way, has shown to be rather effective for Helium (HNT-USD) hotspots up to this point.

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