search
Homeweb3.0Cardano's Project Catalyst is driving blockchain innovation with its on-chain governance model

This initiative enables the Cardano community to vote on how treasury funds are allocated to various projects on the platform.

Cardano’s Project Catalyst is driving blockchain innovation with its on-chain governance model

Cardano's Project Catalyst, a unique initiative that empowers the community to govern the blockchain's treasury funds, has concluded Fund12 voting. This round saw an impressive 1,205 project proposals vying for funding, showcasing the diverse and innovative ideas within the Cardano ecosystem.

After a thorough community review process, the results of Fund12 are set to be announced during the week of July 15. The latest funding round attracted a wide range of project proposals, highlighting the varied interests and goals of the Cardano community.

Following the announcement of the successful proposals, the onboarding process will begin, ensuring project accountability and completion. This process includes regular “proof of life” meetings and milestone approvals by assigned community reviewers.

While the precise number of funded projects isn't fixed, recent trends indicate that around 13% to 33% of proposals can expect to receive funding, based on available treasury funds and community votes.

As the Cardano community eagerly awaits the Fund12 results, it's worth noting some key changes recently implemented in the Catalyst process to enhance fairness in the funding process.

Fund11 introduced crucial updates, including the removal of downvoting capabilities to minimize the potential for whale manipulation. Additionally, categorized funding with capped ADA amounts in each category helped focus development goals and streamline the project selection process.

In Fund12, the “Cardano Open” category received the highest funding allocation, with 10.5 million ADA dedicated to general initiatives such as technical developments and educational programs.

In contrast, the “Cardano Ecosystem” category attracted the most proposals, with 408 out of the total 1,205 submissions. However, this category had the least funding available, with only 5.5 million ADA allocated.

The highly competitive Ecosystem category featured innovative proposals ranging from plans for a Cardano e-sports team to an in-person Cardano event and even a documentary about the blockchain platform.

The above is the detailed content of Cardano's Project Catalyst is driving blockchain innovation with its on-chain governance model. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Bitcoin (BTC) Price Action: Bulls Target $100K But Must Defend Key LevelsBitcoin (BTC) Price Action: Bulls Target $100K But Must Defend Key LevelsApr 27, 2025 am 11:26 AM

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

Bitcoin (BTC) Price Action: Bulls Eye $100K But Must Defend Key LevelsBitcoin (BTC) Price Action: Bulls Eye $100K But Must Defend Key LevelsApr 27, 2025 am 11:24 AM

Bitcoin is now trading above the $94,000 level, showing strong momentum after a sharp recovery from recent lows.

FloppyPepe (FPPE) Emerges as the Top Choice for Investors Seeking Smart Investment OpportunitiesFloppyPepe (FPPE) Emerges as the Top Choice for Investors Seeking Smart Investment OpportunitiesApr 27, 2025 am 11:22 AM

The cryptocurrency market offers numerous investment opportunities, with Dogecoin (DOGE) and Shiba Inu (SHIB) being popular options among meme coins.

Bitcoin (BTC) Could Reach $2.4M by 2030, According to ARK Invest's Latest ResearchBitcoin (BTC) Could Reach $2.4M by 2030, According to ARK Invest's Latest ResearchApr 27, 2025 am 11:20 AM

Bitcoin's trajectory has captured the imagination of investors, with ARK Invest's latest research update painting a transformative picture for the cryptocurrency's future.

Jed McCaleb's 2014 Departure from Ripple Was Likely Part of a StrategyJed McCaleb's 2014 Departure from Ripple Was Likely Part of a StrategyApr 27, 2025 am 11:18 AM

Jed McCaleb's 2014 departure from Ripple sparked rumors, but was likely part of a strategy.

5 Meme Coins Catching Heat: Floki Inu, Cheems, and One Undercover Gem Ready to Roar5 Meme Coins Catching Heat: Floki Inu, Cheems, and One Undercover Gem Ready to RoarApr 27, 2025 am 11:16 AM

What if the next meme coin to make serious waves isn't trending yet, but hiding in the shadows of Telegram chats and crypto Twitter threads?

The Dallas Stars have completely flipped the script on the Colorado Avalanche.The Dallas Stars have completely flipped the script on the Colorado Avalanche.Apr 27, 2025 am 11:14 AM

A clear underdog coming into the series thanks to injuries to Miro Heiskanen and Jason Robertson

Impressive Recovery in the Virtual Currency Market Continues as Altcoins Gain GroundImpressive Recovery in the Virtual Currency Market Continues as Altcoins Gain GroundApr 27, 2025 am 11:12 AM

The virtual currency market continues to display impressive recovery, with alternative cryptocurrencies gaining ground, driven by Bitcoin's recent resurgence.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

WebStorm Mac version

WebStorm Mac version

Useful JavaScript development tools

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use