Cardano Founder Calls This New Midnight-Affiliated Explorer The Bedrock of Cooperative Economics

Cardano founder Charles Hoskinson has reacted to a recent development that would enhance the multi-chain functionality of the Midnight Network.

Midnight, a privacy-focused Cardano sidechain, is imminent, and the crypto community remains expectant. Paima Studios, one of the partners of the Midnight Network, recently announced an ongoing project to build a hybrid DApp feature for Midnight, drawing accolades from Charles Hoskinson, the founder of Cardano.

Hybrid dApps Coming to Midnight

Sebastien Guillemot, the co-founder of Paima Studios, disclosed that his team is working on bringing hybrid decentralized applications (dApps) to Midnight. According to the June 29 tweet, this feature will enable applications with multi-chain functionalities.

Meanwhile, Guillemot shared a prototype of the Paima Explorer, featuring the different chains a developers dapp connects to, the primitive data dashboard, and the state machine table. The Paima Studio co-founder emphasized that the state machine column enables developers to visualize how smart contracts update based on data across multiple chains.

Prototype of the Paima Explorer

Recall that it was on this basis that Midnight forged a collaboration with Paima Studio. The Web3 gaming studio partnered with Midnight to bring Ethereum Virtual Machine (EVM) compatibility to the Cardano sidechain.

For context, this feature will enable Ethereum developers to deploy dapps on Midnight with just a few lines of code. Furthermore, Paima Studios would also explore the application of zero-knowledge technology (ZK) in Web3 gaming.

Hoskinson Applauds New Explorer

As usual, Hoskinson cheered the development, calling it a “bedrock of cooperative economics.” He argued that the multi-chain explorer is one of the most essential workstreams in the crypto industry, alongside Midnights dual token model and the capacity exchange.

The founders comment echoes his new belief that crypto projects should collaborate more for the greater good of the industry, shifting from the current zero-sum game. It is with this narrative that he has linked up with Ripple executives for a potential partnership and is also pushing for Bitcoin DeFi on the Cardano blockchain.

Meanwhile, Midnight is already enforcing unity among different projects with its multichain airdrop. Eligible XRP, Bitcoin, Solana, and BNB holders would receive Midnights native NIGHT token in the Glacier drop, expected to happen in July