- Cardano to showcase Veridian identity platform at Zug blockchain conference.
- CEO to discuss AI-blockchain convergence in keynote on decentralized infrastructure.
- ADA trades at $0.6860 with intraday volatility amid market uncertainty and conference news.
The Cardano Foundation is preparing to participate in one of Switzerland’s premier blockchain gatherings, the Crypto Valley Conference, taking place in Zug. As a Platinum Sponsor, the Foundation will lead two high-level sessions focused on decentralized identity and the convergence of blockchain with artificial intelligence. These presentations aim to highlight Cardano’s ongoing infrastructure development and engagement with practical use cases for decentralized technology.
On June 5, Sandro Knöpfel, Global Business Development Lead at the Cardano Foundation, will conduct a detailed masterclass on Veridian, the Foundation’s decentralized identity platform. The session will examine how Veridian is built to support trusted, standards-based identity management without reliance on central authorities. According to the Foundation, Veridian leverages secure frameworks that align with global interoperability protocols to facilitate verifiable credentials and identity ownership on-chain.
This masterclass is expected to illustrate how decentralized identity platforms can be integrated into digital infrastructure, serving sectors that require secure access control, data privacy, and proof of legitimacy. As identity remains a key component in blockchain adoption across industries, Veridian’s presentation seeks to demonstrate its real-world applicability.
Keynote on Blockchain-AI Convergence Scheduled for June 6
The following day, Frederik Gregaard, CEO of the Cardano Foundation, will deliver a keynote titled “Decentralized Intelligence: AI, Blockchain & the New Economy.” The talk will explore how artificial intelligence and blockchain are becoming increasingly interlinked in shaping modern infrastructure. Gregaard is expected to address the technical and structural intersections of these technologies and what their integration may mean for decentralized systems going forward.
The keynote will also examine how AI capabilities can be embedded within blockchain applications to enhance automation, governance, and decision-making. As blockchain ecosystems evolve, developers and enterprise users alike are closely monitoring this cross-sector alignment. Gregaard’s session will position Cardano’s approach within this larger industry conversation.
Market Performance and Intraday Price Activity
The announcement of Cardano Foundation’s involvement in the event coincided with moderate movement in ADA’s market performance. As of the latest data, ADA is trading at $0.6860, reflecting a 1.35% decline over the past 24 hours. The asset’s market capitalization is currently approximately $24.24 billion, with a fully diluted valuation (FDV) of $30.87 billion.
ADA’s 24-hour trading volume stood at $540.38 million, showing a slight dip of 0.59%. The volume-to-market cap ratio is 2.23%, suggesting moderate liquidity relative to its total market value. Price action throughout the day showed volatility.
The token opened at around $0.6892 and saw a temporary dip in early evening trading. A major recovery occurred around midday, pushing ADA to an intraday high above $0.6950. However, gains were later erased by late afternoon, as prices dropped back below $0.6900.
ADA’s circulating supply currently stands at 35.34 billion out of a total supply of 44.99 billion. With a maximum supply capped at 45 billion tokens, a major portion of ADA is already in circulation.
