Billionaire investor Tim Draper has announced a partnership between Cardano Foundation and Draper University. The partnership will launch the Cardano X DraperU Founder Residency Program, which aims to support UTxO-based startups building the future of Bitcoin DeFi. The program will offer a 5-week residency at Draper University, providing technical training on Cardano blockchain development, workshops on entrepreneurship and product development, mentorship from industry leaders, and networking opportunities. Selected participants will also receive a 42K ADA grant. Cardano founder Charles Hoskinson believes that Draper's presence in the crypto ecosystem will benefit new projects. In terms of price, Cardano (ADA) is currently trading at $0.6627, experiencing a 3% drop in the last 24 hours. The ADA price chart suggests that sellers are mostly in control and may push the price lower, potentially testing support at $0.6435. However, if buying pressure increases, ADA could rally towards the $0.75 - $0.80 range.



Other News from Today