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DcSpark and Paima Studios‘ co-founder Sebastien Guillemot recently made an incredible remark about potential collaborations in 2024. Currently a member of the Cardano community, Guillemot shared a post on platform X, stating that partnerships could occur between Arbitrum, Cardano, and MinaProtocol in 2024. Guillemot particularly points out the importance of these platforms’ partnerships during their market struggles against Ethereum.
The Future of Cardano
While the community expresses excitement for pending projects, Guillemot mentioned that Cardano’s current infrastructure limits its ability to verify zero-knowledge proofs until the next hardfork.
Meanwhile, Guillemot has another goal in mind. According to a recent statement, Paima Studios is deeply committed to elevating decentralized games to compete with web2. Blockchain games are being designed by the Paima Engine developed by Paima Studios.
Completing his focus on Ethereum-based platforms, Guillemot also emphasized that Paima’s integration with Cardano is very close to completion.
Furthermore, the statement also draws attention to the limitations of current layer-1 blockchains, which hold 80% of the market’s liquidity but fall short in scaling the playability of Massively Multiplayer Online games (MMOs).
Guillemot’s solution is the use of zero-knowledge cryptography. Utilizing Zero-Knowledge (ZK) cryptography can be beneficial and provide a solution for increasing scalability.
Cardano, Arbitrum, and Mina on the Rise
As the community awaits the implementation of these new ideas in MMOs, Cardano (ADA) experienced a noticeable growth of over 120% during the past year. Despite this positive price movement, data from 21milyon.com reflects that Cardano’s price is still 80% below its ATH reached in September 2021.
Meanwhile, Arbitrum (ARB) and Mina Protocol (MINA) also saw noticeable price movements before today’s downturn. Nine months ago, Arbitrum’s price reached an all-time high of $8.67 and is currently around $1.3. Meanwhile, Mina’s latest price approached $1.17, a 200% increase from its all-time low in October 2023.
In addition, the Mina Foundation, responsible for the MINA protocol, drew attention last week with a significant internal change. The protocol’s co-founder and former CEO Evan Shapiro appointed Kurt Hemecker, the former Operations Director, as the new CEO.
