Cardano’s Project Catalyst Fund10: Fostering Innovation and Empowering the Community
- Input Output, Cardano’s tech arm, has announced the winners of Project Catalyst Fund10, distributing 50 million ADA among 192 selected proposals.
- Fund10 witnessed a 12.48% increase in votes compared to Fund9, showcasing growing community engagement.
Project Catalyst Fund10 showcased a wide array of groundbreaking projects, all aiming to drive progress in areas like development, infrastructure, and decentralized applications (dApps) within the Cardano ecosystem. A few highlights include:
- Gaming Advancements: Proposals focused on integrating frontend game engines and enhancing on-chain game hosting within Cardano, promising a bright future for gaming on the platform.
- Zero-Knowledge Cryptography (ZK): The adoption of ZK cryptography is a significant step toward improving privacy and scalability, particularly for apps and games built on Cardano.
Notably, some standout projects, such as MLabs’ Congested Testnet and Sundae Labs’ Hydra Transaction Stream Plugin, garnered substantial support, solidifying their potential within the Cardano community.
Project Catalyst: Nurturing Cardano’s Ecosystem
For those unfamiliar, Project Catalyst represents Cardano’s innovative initiative to infuse innovation and growth into its ecosystem. It goes beyond mere financial support, involving the Cardano community in a decentralized funding approach every three months. This approach encompasses not only funding but also education and mentorship to ensure that promising ideas evolve into tangible successes. The ultimate goal is to enhance Cardano‘s blockchain capabilities and sustainability.
