Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Last week, Input Output Global (IOG), the parent company of the Cardano protocol, revealed that it has wrapped up the campaign for Project Catalyst's Fund 10, through which it aims to bootstrap start-ups in the ecosystem. Today, the firm has published results showing how members of the community voted in the just-concluded campaign.
Alex DovbnyaFirst, the community voted that IOG should continue its Project Catalyst campaign for the next year. Should the result have been the other way around, IOG would have had no choice but to phase out the developments in due course.
The voting cuts across different aspects of the Project Catalyst push, including development and infrastructure; start-ups and onboarding for students, products and integrations with Open Side Dev Ecosystem (OSDE); SPO tools and community projects; and the evolution of the developer ecosystem, to mention just a few.
On the development and infrastructure front, one of the most crucial proposals approved by the community is the ability for users to call Sidechain smart contracts directly from their Cardano mainnet wallet. Per the voting results, a total of 484 million ADA tokens were allocated to help effect the changes, pitching it as one of the biggest proposals to be funded in the cohort.
Touch on Mithril, NFTs and other areas
The Cardano Project Catalyst Fund 10 also places so much focus on other aspects of the Cardano ecosystem, securing the approval of the community to double down on its development efforts in those areas.
One of these aspects is the boost of scalability through Hydra Head, Mithril enhancements and permission for non-fungible tokens (NFTs) from both the Cardano protocol and external chains to feature in Cardano-hosted games.
Cardano has once again proven how much it depends on decentralization through its community with the Project Catalyst outcome.
Arman Shirinyan
Yuri Molchan
Vladislav Sopov
Dan Burgin