Lab reports were recently received by Cardano Community this week after the news of their two blockchain projects, Ardana and Orbis, being halted. The halt of the two blockchain projects occurred due to the lack of funding explained by the founder of Cardano.
Many users on Twitter blamed the Cardano Company for the incident and lack of attention to the project details. In return, a video was posted by the Cardano founder, Charles Hoskinson, addressing the issue to clear the misconceptions circulating on the internet.
The founder explains that it was a leadership issue. The founder said that they invested in Ardana and Orbis with other projects, including Sundaeswap, under the venture fund, explaining that not all projects had issues. He further elaborated that the problem stemmed through project leadership and said, “Things happen, people sometimes don’t execute, people make mistakes, and usually, there’s something left behind for people to salvage from these situations,”.
He further explains that these projects were not disclosed to the cFund, as there were many financial issues and that it was hidden that Ardana and Orbis had economic problems due to a lack of communication.
