Cardano’s Catalyst Fund Draws 300K Votes on Over 1.4K Proposals 

  • Project Catalyst community voting has come to an end. 
  • The Cardano innovating engine drew over 1400 unique projects. 
  • Fund Data revealed interesting trends about Cardano builders and what they were interested in building. 

Project Catalyst stands as the driving force behind innovation and growth within the Cardano ecosystem, consistently garnering proposals from some of the most exciting development projects over its nine successful funding rounds. 

After two months of submissions, community voting for Project Catalyst’s latest and largest funding round, Fund 10, has concluded, revealing interesting trends as members and projects eagerly await results. 

Project Catalyst Fund 10 Nears a Successful End

Project Catalyst’s Fund 10 has marked itself as one of the most successful and largest funding rounds to date on the Cardano ecosystem, boasting over $50 million in ADA or approximately $16.5 million up for grabs. The grant has attracted submissions from top-tier projects and startups within the industry, all working to solve the network’s challenges. 

Project Catalyst revealed that over 1,467 projects submitted proposals, a 22% jump from the previous round. Among the 13 challenges set by the fund operators, the Products and Integration category emerged as the clear favorite, amassing over 450 unique submissions and a 9 million ADA budget. 

Project Catalyst Funding Round Data. Source: Project Catalyst.

The surging interest in the category indicates that developers are focused on providing solutions that surpass current centralized providers. Some of the most interesting proposals in this category included Real Estate Oracles, Blockchain-based Social Media and content-sharing platforms, Web3 Games, and more. 

The Development and Infrastructure category trailed closely behind, featuring over 188 proposals and an 8 million ADA budget. With over 300,000 votes cast between these projects, the fate of the grant recipients now lies in the hands of the community and project managers, who will decide the winners in the upcoming weeks. 

To put things into perspective, previously, out of 1,200 projects, Project Catalyst approved 216 projects. Considering the fund’s scale, it could approve 300 to 400 projects this year. 

On the Flipside

Why This Matters

Project Catalyst’s fund brings exciting opportunities and solutions to the Cardano ecosystem. The success of the current round indicates that developers are committed to expanding the network and introducing interesting concepts. 

Read what Lace brings to Cardano’s staking:
Cardano Staking Game-Changer: Multi-Pool Delegation with Lace

Follow up on why it’s easier to enter Cardano staking pools now:
Cardano Slashes Stake Pool Fees in Major Win for Community

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