Cardano (ADA) Fights Back Against Spending Controversy... Hoskinson: "A Reversal is Coming in 2026"

▲ Cardano (ADA)

Charles Hoskinson, founder of Cardano (ADA), directly countered criticism that labeled Midnight City a ‘multi-million dollar waste,’ stating that critics would apologize a year from now.

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 into projects that do not directly contribute to the influx of new users or expansion of adoption, calling the allocation of massive resources to ventures that fail to deliver immediate commercial results the ‘Cardano way.’

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

Midnight City is an immersive space that continuously showcases the Midnight Network, a privacy-focused partner chain linked to Cardano. It implements complex blockchain structures and privacy protection technology in a retro-futuristic 2D 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 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 large investment banks in the US and Europe.

Hoskinson outlined a vision to designate 2026 as Midnight's beta period, focusing on strengthening infrastructure and preparing for mass adoption. While Big Pey questioned the immediate user influx and commercial results, Hoskinson directly countered by emphasizing consumer experience building and corporate participation as key elements of a long-term adoption strategy. The conflict surrounding Midnight City clearly revealed internal differences within Cardano regarding how to evaluate the performance of project spending.

[Article Summary]

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

-Hoskinson retorted, “You have no idea how adoption or consumer experience works,” and told critics to “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.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*