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"Allegedly" ADA to have smart contracts, NFTs, Weiss rating pen error sparks community outrage, founder on a mission: WTF?

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"Allegedly" ADA to have smart contracts, NFTs, Weiss rating pen error sparks community outrage, founder on a mission: WTF?

The cryptocurrency research firm Weiss Ratings pointed out on Twitter that the "alleged" Alonzo hard fork, scheduled for September 13th Taiwan time, will bring smart contracts and NFTs to Cardano. These two words have caused great dissatisfaction among the ADA community and its founder, who retweeted the post and bluntly stated, "WTF."

Weiss Ratings Mentions Cardano for Consecutive Days

Weiss Ratings tweeted on 9/11:

Cardano's Alonzo hard fork will take place on Sunday, allegedly bringing smart contract and NFT capabilities to the world's third-largest blockchain by market cap. The impact this will have on the overall market, especially the landscape of underlying public chains, remains to be seen.

The Cardano community was quick to react to the tweet, as Cardano's NFTs do not require smart contract support. Therefore, there are already tens of thousands of NFTs on the chain, making Weiss Ratings' tweet inaccurate.

Twitter user @AnthonyCardano immediately screenshot the tweet and turned it into an NFT called "No NFT Exists on Cardano." He replied to Weiss Ratings stating:

It is currently being sold in one of the CNFT Cardano NFT markets. Cnft.io, like ADA's amazing community, has achieved many feats without smart contracts.

Source: Cnft.io

Cardano founder Charles Hoskinson responded:

Allegedly? Seriously? WTF?

Both Sides Cancel Meeting

Prior to the erroneous tweet, Weiss Ratings had tweeted stating that a scheduled meeting with Cardano on anti-money laundering was abruptly canceled, expressing disappointment at not getting answers to the prepared important questions.

Charles Hoskinson responded, expressing confusion about any issues regarding anti-money laundering (AML) and mentioning that related videos had been previously made. He encouraged leaving comments for further inquiries, and he could use the video to explain.

In fact, as early as August 2019, Weiss Ratings had listed recent surges in FTM and ADA, believing that the technical content of both surpassed that of other blockchains.

After facing criticism from the ADA community, Weiss Ratings also issued an apology:

Cardano is a complex project, and most of the criticisms we see stem from misunderstandings of its construction, features, and roadmap. Sometimes, even our analysis team falls into these fallacies. We deeply apologize for this and will strive to do better next time.