- Cardano has unveiled some major companies as Midnight Network partners.
- They include giants like Bullish, Worldpay, and MoneyGram.
- The Midnight mainnet launch is set to happen in the next few days.
Cardano, the blockchain network launched by Charles Hoskinson, has unveiled several blue-chip companies ahead of the upcoming Midnight mainnet launch.
Midnight, its upcoming zero-knowledge (zk) chain, has secured partnerships with companies like Worldpay, Bullish, Google, MoneyGram, eToro, Vodafone, Telegram, and ShieldLabs. Some of these companies will become its validators and also probably build products on its chain.
Worldpay is a major payments company that handles over $3.7 trillion in annual transactions. It was recently acquired by Global Payments in a $24.9 billion deal.
Bullish is a top crypto exchange mostly focused on institutional investors, while MoneyGram is a top company in the cross-border payments industry. eToro is one of the world’s leading trading companies with a market capitalization of over $2.4 billion.
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At the same time, it has attracted several developers who are building on the network. Some of these developers include Alchemy, Ankr, Anastasia Labs, and Brave.
Cardano Hopes Midnight Will Be a Key Player in the Privacy Industry
Developers on its chain are attracted to its zero-knowledge technology, which promotes privacy by allowing one party (the prover) to convince another (the verifier) that a transaction is true without revealing any additional information.
Data compiled by its website shows that Midnight has already produced over 711k blocks during its testnet, while its total transactions have jumped to over 24k.
Demand for privacy tools has increased over the past few months, as evidenced by the Zcash price rally in the fourth quarter. This growth also explains why the NIGHT token jumped after its launch. The token still has a market capitalization of over $764 million.
Cardano has hinted that the mainnet launch will happen in the first quarter of this year. While the tentative date has not been announced, the quarter still has a few more days left. This means that it will either happen this week or early next week.
Cardano hopes that Midnight’s success will help its network grow by bringing in more assets and activity, including total value locked (TVL) and decentralized exchange (DEX) activity.Â
The challenge, however, is that the biggest players in the DeFi industry, like Aave, Uniswap, Sky, and Morpho, have not announced their entry into Midnight, which may limit its growth.
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