Project Catalyst introduces Catalyst Natives to take advantage of the Cardano engine
- Project Catalyst introduces the first Catalyst Natives.
- Catalyst Natives will enable companies to leverage the innovation engine.
Cardano’s community-driven innovation engine – Project Catalyst launches the first Catalyst Natives pilot to empower any business to harness the power of the crowd to solve business problems and outsource the implementation of solutions.
According to the team, Catalyst Natives gives businesses access to a wealth of ideas and those who have the skills to make them happen. Also, companies can discuss specific issues that they either don’t have the resources to solve or don’t have a solution for, and outsource them as catalyst challenges.
The team explains that Catalyst Natives is expanding access to Project Catalyst features such as Cardano’s native token feature and expanding the variety of digital assets in the Cardano ecosystem.
Catalyst Natives goes deeper and enables organizations outside of the Cardano / Catalyst blockchain to challenge and provide incentives and rewards for those who rise to the challenge with their proposed innovations.
In addition, the company announces that it is launching a series of pilot projects in partnership with COTI – an enterprise-class fintech platform that enables companies to develop their payment solutions and digitize any currency.
Shahaf Bar-Geffen, CEO of COTI, also commented on the partnership. He said,
We are very excited to be the first to launch a Catalyst Native fund. As close partners, it is only natural for COTI, IOHK and Cardano Foundation to work together again to enable teams from around the world to participate in the development of ADA Pay and to take part in our challenge.
Additionally, Bar-Geffen noted that finding new innovative ways to enrich ADA Pay will be appreciated by both the Cardano and COTI communities and the world by allowing a wide variety of merchants to accept ADA as a payment method .
Read on on CoinQuora
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