Cardano (ADA) Project Catalyst Fund 10 Scores Major Milestone Amid Criticism
Enthusiasts of the Cardano (ADA) dApps ecosystem have three days left to edit the proposals they submitted for review. However, some ADA activists noticed suspicious candidates for funding.
Cardano (ADA) Project Catalyst Fund 10 completes ideas submission campaign
The idea submission campaign for ProjectCatalyst Fund 10, the tenth iteration of the largest community incubator in Web3, is now closed, says Cardano (ADA) developer Input Output Global in an official statement.
The idea submission phase for #ProjectCatalyst #Fund10 is now closed, with a whopping 1577 proposals submitted. 💪
— Input Output (@InputOutputHK) July 13, 2023
Proposal authors will have until July 17th to make edits to their ideas before the final edit stage is closed.
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In total, a whopping 1,577 proposals were submitted by decentralized application teams. So far, it is the most impressive result of Project Catalyst's ideas submission campaigns.
Authors of proposals can edit their submissions until July 17, 2023. Once the edition phase is closed, ADA holders will be able to vote for their favorite projects.
Votes for proposals will be accepted until mid-August, the announcement states.
Arman ShirinyanAs covered by U.Today previously, Project Catalyst's popularity increases round by round. Cardano (ADA) development, no-code tooling, education platforms and AI-powered mechanisms are in the spotlight for Project Catalyst, per its main page.
Cardano's Project Catalyst raises mixed feelings in ADA community
Candidates can apply for funding in a number of nominations: "Development and Infrastructure," "Startups and On-boarding for Students," "Products and Integrations," "Open-Source Development Ecosystem," tools for SPOs, DAOs and so on.
At the same time, this round comes amid unmatched criticism by Cardano's (ADA) supporters. Some of them noticed that one of the largest requests for funding is authored by a team that claims to be led by Cardano (ADA) inventor Charles Hoskinson.
The project with nothing but a WordPress website is applying for $5. 7 million in funding for abstract goals, including "talent economy." Also, some enthusiasts admitted that Fund 10, in its current iteration, might provoke more competition in an already-saturated market.
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