Wednesday January 20, 2021
Bitcoin (BTC) $35,022.00   Ether (ETH) $1,312.12
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Networks & Protocols

IOHK expands Cardano development fund with launch of new $500K round

'Fund 3' will see $500k made available for community proposals to improve adoption of Cardano...

Published by CryptoNinjas.net
01/08/2021

Blockchain research and development company IOHK has announced the launch of a $500K fund, the next stage in ‘Project Catalyst’, part of the rollout of the Voltaire element of the Cardano roadmap. In ‘Fund 3’ community members can submit proposals for the future development of the Cardano blockchain and decide, through Catalyst’s novel ‘on-chain’ voting process, which proposals are funded.

The launch follows the successful completion of ‘Fund 2’, which attracted proposals on everything from improvements to Cardano, to Cardano adoption in West Africa and lowering the barriers to entry for developers on Cardano. Fund 2 saw $250K allocated to fund community-generated projects.

Project Catalyst aims to be the world’s largest decentralized innovation fund, and with 1,752 community members registered to vote, it has already surpassed the number of unique voters in other prominent projects such as Dash, as well as all of Ethereum’s top 100 DAOs (decentralized autonomous organizations) combined.

Catalyst is the next step in Cardano’s journey to hand over the governance of the platform to its community. It aims to inspire a wide range of technical and non-technical ideas designed to enhance Cardano as a whole. This can include proposals on anything from marketing initiatives and infrastructure development, to content production and product enhancement.

While available funds in this round total $500K, subsequent rounds will offer increased funding pots, aiming to distribute around $100M of ADA per year, depending on token price.

“The founding principle of Cardano is decentralized control. This principle encompasses not only the marginalized people that Cardano will empower, but also how the platform is run. Through Project Catalyst and its associated funds, all Cardano community members can play a role in deciding the future of the platform. Fund 2 was an experiment in decentralized democracy and showed just how remarkable our community is, and how powerful decentralized decision-making can be. Thousands of people came together to generate, refine and prioritize funding for proposals to drive Cardano forward, and we look forward to watching as Project Catalyst grows to become the world’s largest decentralized innovation and funding platform.”
– Charles Hoskinson, CEO at IOHK

6
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

IOHK integrates Cardano with Wolfram Alpha, in preparation for smart contract roll-out

IOHK integrates Cardano with Wolfram Alpha, in preparation for smart contract roll-out

12/17/2020

Public chains Cardano and Nervos to improve on Bitcoin’s UTXO model

12/15/2020

IOHK launches unique ‘smart-contract-free’ solution for tokens on Cardano

12/14/2020

Bondly to be first DeFi project enabled on Cardano blockchain

12/10/2020

IOHK relaunches Mantis to offer Ethereum Classic community a more secure future

12/10/2020
IOHK introduces ‘Shelley’ era functionality to the Cardano blockchain

IOHK plans to achieve future Cardano smart contract compatibility with all programming languages

12/04/2020
Load More

Discussion about this post

Recent Updates

Huobi lists 75x margined IOST/USDT swap

Crypto investment firms Pantera and Lightspeed invest in market maker Wintermute

Poloniex adds new leveraged token trading in ADA, LTC, and XLM

Oasis Pro Markets receives U.S. regulatory approval for digital security ATS

DeFi assets DAI and WBTC added to the BitPay Wallet app

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Purchase 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

TrustToken integrates with Secret Network to enable private stablecoins

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version