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Cardano Reveals Project Catalyst Fund10 Winners

Published 2023-09-21, 02:22 p/m
Cardano Reveals Project Catalyst Fund10 Winners
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U.Today - Input Output, Cardano's technology company, has the winners of its Project Catalyst Fund10 in a Thursday post on X.

The voting round witnessed a total distribution of 50 million between 192 funded proposals, marking a 12.48% increase in votes cast from Fund9.

A diverse set of funded projects

Several innovative projects were funded as part of the latest round. They focused on advancements in development, infrastructure, and decentralized applications.

These include proposals aimed at the integration of frontend game engines, the enhancement of on-chain game hosting in the ecosystem, and the implementation of zero-knowledge (ZK) cryptography to facilitate privacy and scalability within apps and games built on Cardano.

Notable projects, such as MLabs's Congested Testnet and Sundae Labs Hydra Transaction Stream Plugin, also received substantial backing.

Fostering innovation

Project is an initiative by Cardano, aimed at and development within its ecosystem through a decentralized funding mechanism. This initiative facilitates the community-driven selection and funding of projects every three months, focusing not just on financial support but also on essential aspects like education and mentorship, to ensure the practical implementation and success of the ideas, contributing to the overall sustainability and advancement of the Cardano blockchain.

This article was originally published on U.Today

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