Cardano has secured $71 million to fund protocol upgrades, including Hydra and Project Acropolis, emphasizing a shift towards community-driven governance.
Funding Overview
Cardano has received a $71 million allocation approved by a 74% community vote, marking a significant contribution to scalability and developer infrastructure.
Community Governance
The upgrades will be developed by Input Output Engineering, with funding administered by the Intersect organization. As Charles Hoskinson, Founder of Input Output Engineering, stated, "Cardano’s shift from centralized to community-driven governance represents a critical milestone for decentralization."
Expected Outcomes
The anticipated upgrades are expected to enhance Cardano’s scalability and global reach. The $71 million allocation will be distributed based on milestone achievements, increasing Cardano's competitive edge in DeFi.
This funding reflects the growing community influence on project decisions, marking an important step in Cardano's decentralization journey.
