The Cartesi Foundation, known for bridging software stack and blockchain, is reportedly all set to spend $500,000 on $CTSI purchase. $CTSI is the native token of the Cartesi ecosystem and purchase will take place through a series of open-market purchases. This move is designed to underline the Foundation’s long-term commitment to the development and sustainability of its decentralized infrastructure.
The acquisition is subject to prevailing market conditions and will take place over a period of time. The Foundation says the purchases will be gradual and with no advance public announcement of exactly when or how much will be bought. The team adds that the acquired tokens will be added to the treasury of the Foundation for future development purposes.
Cartesi Strives for Broader Blockchain Adoption
According to a statement from the Cartesi Foundation, this initiative fits within the foundation’s wider goal of facilitating ecosystem growth and pushing for the uptake of its decentralized infrastructure. The Foundation has chosen to allocate treasury resources to buy $CTSI to increase confidence in its technological framework and indicate ongoing support for its development team.
The Foundation believes in having a strong treasury of $CTSI so that it has more flexibility in funding ongoing and future initiatives. For example, it provides support to developers building on the platform and helps to expand access to connected tools to bridge the gap between traditional software environments and blockchain applications.
Cartesi’s Role in Blockchain Development
Cartesi acts as a Layer 2 platform that enables developers to develop scalable decentralized applications using familiar software tools and programming languages. By allowing development through Linux and popular coding languages, Cartesi aims to solve the challenges commonly encountered in blockchain programming.
The goal of the project’s infrastructure is to make it easier to develop faster and more broadly adopted by bringing in years of accumulated software advances. The underlying vision is to keep the ecosystem stable for the long term and to bring long-term decentralized computing to the masses in a safe and easy manner using scaling solutions.
