Hassan Maishera
The Cartesi Foundation, the organization overseeing the development of the Cartesi ecosystem, has announced plans to open market purchases of $CTSI.
In a press release shared with Cryptowisser, the foundation said it would acquire $500K of the native Cartesi tokens in a series of market buys to support long-term ecosystem growth.
This latest development aligns with its pledge to drive greater adoption of Cartesi’s infrastructure and native token. The Cartesi Foundation will strategically purchase at least $500,000 worth of $CTSI. The tokens will be gradually acquired over time and added to the Foundation’s treasury, with the purchase plan subject to adjustment at the Foundation’s discretion depending on market conditions.
According to the Cartesi Foundation, this move reinforces its deep conviction in Cartesi’s vision and long-term potential. As its ecosystem continues to gain technical recognition and make meaningful progress, Cartesi is uniquely positioned to shape the future of decentralized applications.
By allocating treasury funds to a series of $CTSI purchases, the Foundation aims to signal its confidence in Cartesi’s team and technology that is ideally suited to facilitate blockchain adoption.
The Cartesi Foundation will buy tokens on the open market without prior announcement, with a series of market buys made until at least $500K of $CTSI has been purchased. Furthermore, the $CTSI tokens will be held in reserve by the Foundation for future development to stimulate further ecosystem growth.
Cartesi bridges the gap between the mainstream software stack and blockchain. The internet infrastructure took 40 years, billions of hours of work, and trillions of dollars to build. With Cartesi, developers gain access to decades of meticulously refined operating systems, programming languages, software libraries, and tools, paving the way for the next generation of blockchain applications.
