According to a press release shared with U.Today, product-based DLT company dcSpark plans to develop the first sidechain project on Cardano that will make it compatible with EVM (Ethereum Virtual Machine) and which will run on wADA (wrapped ADA).
The Milkomeda protocol will first be launched on Cardano and then on other non-EVM chains as well.
For Cardano, Milkomeda will enable the launch of sidechains connected directly to the mainchain and using wrapped ADA as payment for transaction fees.
Milkomedia intends to solve the issue of the latest generation of blockchains (such as Polkadot, Solana, Cardano) of a lack of a strong community of developers and general adoption—something that the Ethereum chain has enjoyed for a long time already.
