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Charles Hoskinson, founder of Cardano and CEO of Input Output Global (IOG), said he is working on a concept that he believes only midnight can bring to the cryptocurrency space and that addresses most of the sector's problems. Hoskinson described the project as conceptually designed and called it the magnum opus of his career.
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Previously, Hoskinson stated that Midnight aims to surpass ZCash in privacy and cross-chain DeFi integration by utilizing Cardano's infrastructure. He has also highlighted the launch of RealFi on Cardano via Strike as a key step for the network’s decentralized applications. These developments reflect his ongoing focus on expanding Cardano's ecosystem and capabilities.