Cardano (ADA) Fights Back Against Spending Controversy... Hoskinson: 'Reversal Comes in 2026'

▲ Cardano (ADA)

Charles Hoskinson, founder of Cardano (ADA), directly countered criticism that labeled Midnight City as a "multi-million dollar waste," asserting that critics would apologize a year later.

According to crypto media outlet The Crypto Basic on July 3 (local time), Cardano content creator Big Pey identified Midnight City as an example of wasteful spending within the Cardano ecosystem. He criticized Cardano for investing millions of dollars in projects that do not directly contribute to the influx of new users or expansion of adoption, calling the allocation of vast resources to ventures that fail to produce immediate commercial results the 'Cardano way'.

Cardano founder Hoskinson retorted, "As an entrepreneur, I have lost all respect for you. You have no idea how adoption or consumer experience works." He added, "Save this post and come back in a year to apologize," asserting that Midnight City would become one of the most important applications on the Midnight Network.

Midnight City is an experiential space that constantly showcases the Midnight Network, a privacy-focused partner chain linked to Cardano. It implements complex blockchain structures and privacy protection technologies in a retro-futuristic 2D urban environment, where autonomous AI agents continuously interact in the digital space. These AI agents generate transactions, economic activities, and network interactions, creating an environment similar to real-world blockchain usage for consumers and businesses.

Hoskinson views Midnight City as an infrastructure that will support future consumer influx and corporate participation. Since its launch, Midnight has secured partnerships with Monument Bank, Google, AlphaTON Capital, and others. Hoskinson has also stated that he is discussing potential integrations with several major investment banks in the US and Europe.

Hoskinson outlined a plan to designate 2026 as Midnight's beta period, focusing on strengthening infrastructure and preparing for mass adoption. While Big Pey questioned immediate user influx and commercial results, Hoskinson directly countered by emphasizing consumer experience building and corporate participation as core components of a long-term adoption strategy. The clash over Midnight City clearly revealed differing perspectives within Cardano on how to evaluate the performance of project expenditures.

[Article Summary]

-Big Pey criticized the multi-million dollar investment in Midnight City, stating it does not directly contribute to new user acquisition.

-Hoskinson countered, saying, "You have no idea how adoption or consumer experience works," and "Come back in a year to apologize."

-Midnight has secured partnerships with Monument Bank, Google, and AlphaTON Capital, and is focusing on strengthening its infrastructure in 2026.

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