Cardano is approaching the introduction of smart contracts with a new testnet

IOHK, the blockchain development team behind Cardano, announced on July 15 that the project’s Alonzo testnet has officially transitioned from green to white, bringing with it the long-awaited expansion of the ecosystem to functional smart contracts.

HARD FORK SUCCESSFUL: We are pleased to be able to report today at 19.44 UTC that we have successfully parted ways #Alonzo new test network # AlonzoWeiß Node. The new network has fun generating blocks. 1/5

– input output (@InputOutputHK) July 14, 2021

While the previous testnet called Alonzo Blue offered some smart contract features, they were only accessible to a handful of insiders. Yesterday’s upgrade will allow around 500 validators, stake pool operators and developers to test these functions in the future.

Alonzo White is slated to run for two to four weeks before being updated to the final test network for the current stage of development called Alonzo Purple.

Although some newer Setback Of others in the blockchain community, Cardano founder Charles Hoskinson said in a recent YouTube video that things are still on track for the project’s development roadmap, noting that over 10 million across the Cardano network US dollars were sold to NFTs along with “tens of thousands of assets”. As soon as Alonzo White is published on the mainnet, developers can launch dApps, NFTs and more.

Following Alonzo White’s announcement, NFT and DeFi Marketplace, known as Spores Network, announced a successful $ 2.3 million fundraising session on July 16 for general users.

See also: Swiss bank issues NFT shares in Picasso paintings at $ 6,000 per share

As more companies and artists enter the growing NFT market, such as Dolce and Gabbana and a fantasy football platform, adding more NFTs to the network could translate into huge profits for Cardano and its users.