Creating a powerhouse to fund, build and scale dApps on Cardano

Maestro is the top provider of ISPO (Initial Stake Pool Offering) services on Cardano. One of Maestro’s first products provides “ISPO-as-a-Service” i.e. setting up and running the infrastructure for projects to be able to reliably and securely set up ISPOs, retaining full ownership without having to deal with any of the complexities. ISPOs have revolutionized project-funding by leveraging Cardano’s unique architecture, allowing ADA holders to support projects of their choice while maintaining full custody. They do this by simply delegating to the appropriate stake pools, earning project tokens as rewards (in lieu of ADA) in return.

Drasil is a project that has been quietly focused on building powerful tools aimed at making the development of Cardano dApps much easier. In their paper, they describe a suite of services which include both low-level tooling (which more advanced users can utilize to power-up their applications) as well as higher-level complete blockchain applications which cover common use cases such as “NFT minting” or “Token Reward and Distribution”. Their powerful “Drasil-Core’’ engine underpins all of this, abstracting away the complications and peculiarities of the blockchain while taking full advantage of its unique features. The services already power projects such as SmartClaimz, which provides an elegant and simple solution for users to claim their rewards on Cardano.

With so much synergy in their vision and parallels in their roadmaps, Drasil and Maestro have decided to join forces in order to create the best and most complete solution for funding, building and scaling decentralized applications on the Cardano blockchain. By combining Maestro’s specialist knowledge, strategic partnerships and central position in the ISPO space with Drasil’s specialized blockchain expertise and powerful engine, they are perfectly positioned to become a central provider of turnkey infrastructure solutions for all levels and types of projects on Cardano.

The co-founders form a formidable team: Marvin and Varderes from Maestro v1 have extensive software engineering and business experience working with companies such as Freenome and in roles working with Genius Yield. Torben and Zak from Drasil together bring years of experience in industrial and blockchain engineering, business and technology consultation and education. While the diverse and international backgrounds give strength in breadth to the team, a common thread is their passion for the power of technology to create new opportunities and revolutionize economic inclusion and opportunity with DeFi and ISPOs. The new Maestro team is determined to empower those with good ideas for decentralized applications to seize the moment and make an impact on Cardano.

The newly formed company Maestro-Drasil has decided to continue using the “Maestro” brand, but a re-branding is underway which will include a new website to reflect the new ambition and scope, as well as more announcements down the line as new tools and services come online, alongside community services such as the highly anticipated “ISPO Marketplace”.

Interested in learning more about how Maestro can help you fund, build and scale your projects on Cardano? Feel free to get in touch with Maestro through any of the channels listed below.

Original Source: https://medium.com/@mstinson_60959/maestro-and-drasil-join-forces-37e0f868c828

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.

Accelerating dApp creation on Cardano

Genius X, a go-to business accelerator program and launchpad for Cardano-based projects, is expanding its partnership with Maestro.

Maestro is one of Genius X’s partner projects and is an Infrastructure-as-a-service (IaaS) platform that simplifies complexities associated with the Extended Unspent Transaction Output (EUTxO) architecture of the Cardano blockchain. Using Maestro’s services, dApp developers can build, deploy and scale their dApps safely and quickly.

Genius X has partnered with over a dozen Cardano projects, actively providing code auditing, legal, marketing, and technical assistance. By partnering with Maestro, Genius X can now additionally assist approved startups by providing access to a suite of tools and services to help them fundraise and launch dApps on Cardano.

Genius X collaboration with Maestro provides an option for projects to raise funds through Maestro’s Initial Stake Pool Offering (ISPO) Deployment Platform and receive more exposure from the ISPO marketplace. ADA holders don’t have to shuffle through tabs, searching for potent Cardano projects to invest in. Instead, the Maestro Marketplace and dashboard is a primary source of information for completed, active, and upcoming ISPOs.

Following the expansion of its partnership with Genius X, Maestro will now provide additional services, besides the ISPO Deployment platform, to partners under the business accelerator program. Projects will also access blockchain developer tools for building and scaling dApps on Cardano. These tools include powerful sets of APIs to interact with smart contracts, wallets and the blockchain. Developers will gain access to indexed blockchain historical data and live tracking of on-chain activity, such as transactions and UTxO creation. Maestro’s dApp Composer will also provide fully managed whitelabel dApps, such as NFT minting, token distribution and crypto payments. These can be easily integrated into any website to supercharge your application with Web3 features.

The current Genius X partnership with Maestro is a big success. Maestro was in charge of the successful Genius Yield ISPO and is currently managing the Genius X ISPO that will end on September 12, 2022 (Epoch 363). Iagon, one of Genius X’s approved projects building a regulatory compliant and shared storage economy, and SCAT DAO (a Decentralized Autonomous Organization that reinvents the way audits are selected, performed and financed) also leverage Maestro’s ISPO Deployment Platform in its ongoing crowdfunding.

Expanding the existing partnership with Maestro represents a natural step toward fulfilling Genius X’s mission of fostering innovation and development in the rapidly growing Cardano ecosystem. Maestro developer tools and services will be critical for projects part of the accelerator program, especially once Cardano upgrades via the Vasil hard fork, improving network performance and scalability. By the early second half of 2022, over 1,000 projects were building on Cardano, some under Genius X.

Startups keen on joining the business accelerator program and receiving Genius X’s expertise can get in touch and apply here.

ADA Holders — Connect with us on social media and check out the Genius X ISPO currently running until September 12, 2022 (Epoch 363). The $GENSX token has numerous benefits, such as receiving a share of the platform’s revenue and ISPO NFTs with utility.

Venture Capital / Accredited Investors — Contact us here.

Genius X fosters innovation on the Cardano network while empowering Web3 startups to build impactful and scalable blockchain-based companies that will have a massive global impact. We accelerate and scale incredible projects on Cardano and Web3 through our advisory, mentorship, and growth experiences.

Original Source: https://medium.com/@GeniusXOfficial/maestro-and-genius-x-expand-partnership-cc2756c60…

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.

Discover, invest and launch ISPOs

The Cardano network has seen unprecedented growth and adoption in 2022 primarily due to the release of DeFi platforms such as SundaeSwap, MuesliSwap and Minswap. The success of these protocols have solidified Cardano as a dominant technology in the blockchain industry, and despite entering into a crypto bear market, Cardano DeFi TVL has increased by a factor of 230 in the first quarter of 2022 alone [Crypto Lama].

Cardano’s adoption is exponentially driving up DeFi TVL

Initial stake pool offerings (ISPOs) are fundamentally transforming crypto fundraising and have become the primary method for crowdfunding decentralized applications (dApps) on Cardano. It is a revolutionary new fundraising mechanism that is more fair, inclusive, and secure than traditional ICOs. ISPOs allow stake pool delegators to divert staking rewards towards a project of their choice and instead receive project tokens in return. This unique mechanism allows the community to support their favorite project without spending their own assets by leveraging the network’s staking reward structure.

Pioneered by MELD, ISPOs have been a massive success in the Cardano ecosystem. In 2021 alone, the ISPO market saw up to $4 Billion worth of ADA delegated to stake pools for the purpose of crowdfunding dApps. Only about 4–8% of all of the 24 Billion ADA staked are dedicated to ISPOs, compared to >70% delegated to standard stake pools. The community-driven growth of ISPOs and the powerful incentives of Cardano’s Proof-of-Stake consensus clearly indicates a bright future ahead for ISPOs.

Maestro’s ISPO Marketplace is Cardano’s go-to ISPO aggregator. It lets the community explore current and upcoming ISPOs, and discover top new DeFi projects on Cardano. The Maestro dashboard will provide a detailed overview of each ISPOs to help the community learn about projects and decide where to best delegate their ADA.

Source: gomaestro.org

ISPO-as-a-service

Stake pool deployment and maintenance on Cardano is a tedious process that requires extensive manual labor and a high level of technical expertise. Maestro’s first product will enable the community to launch full-scale, multi-pool ISPOs with minimal time and effort. Maestro will provide users with a configuration and launch dashboard for specifying the ISPO stake pool metadata, start and end dates, content pertaining to the ISPO, and the native token distribution criteria. An ISPO status dashboard will be available for the user to incorporate into their own website.

Genius Yield’s ISPO dashboard built by Maestro

Maestro’s deployment platform will also support standard stake pool deployments for both the community and institutional customers. For any inquiries, please contact the Maestro team via gomaestro.org.

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