The Cardano Foundation has unveiled the potential beneficiaries of its Project Catalyst Fund 12, focusing on operational resilience, education on third-generation blockchains, and adoption through reducing operational costs. This move marks the foundation’s active involvement in the voting process for the first time, emphasizing the importance of community-driven development within the Cardano ecosystem.
Cardano Foundation Reveals Beneficiaries of Project Catalyst Fund 12
The Cardano Foundation has unveiled the potential beneficiaries of its Project Catalyst Fund 12 campaign. Project Catalyst, Cardano’s innovation hub for community-driven development, aims to advance on-chain governance by allowing the Cardano community to prioritize growth areas.
Project Catalyst Fund 12
Fund 12 is nearing its conclusion with a focus on three main areas: enhancing operational resilience, promoting education on third-generation blockchains, and driving adoption by reducing operational costs. This is the first instance where the Cardano Foundation is actively participating in the voting process.
Key Focus Areas
1. Operational Resilience: Position Cardano as a robust infrastructure for institutional-grade applications.
2. Education: Increase awareness and understanding of third-generation blockchains.
3. Adoption: Lower operational costs and improve tooling for broader integration.
Selection Criteria
Proposals were chosen based on their alignment with the foundation’s strategic focuses, along with their potential in traceability, authenticity, and sustainability. Other factors included support for open-source initiatives, contributions to Cardano’s governance model, and historical performance in previous Catalyst rounds.
Selected Proposals
Highlighted proposals include:
– Partners and Real World Integrations, featuring projects like ACCO2 and collaborations with entities like FC Barcelona.
– Cardano Open-Ecosystem, which has worked on DAO sample projects and governance tools for professional groups.
– Additional selections include Cardano Open-Developers and Cardano Use-Cases Concept, MVP, and Products.
Project Catalyst Fund 10, held in 2023, saw 192 projects supported with 50 million ADA allocated.
The Foundation’s participation in Project Catalyst voting this year underscores its efforts to foster innovation and community-driven development within the Cardano ecosystem.
For further updates, the foundation suggests staying attentive to subsequent announcements regarding the final selection of beneficiaries and the outcomes of the voting process.
