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Cardano Foundation

07/17/2024

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Cardano Foundation’s Project Catalyst F12 Participation

Cardano Foundation's first participation in Project Catalyst voting focuses on strengthening governance by supporting proposals for operational resilience, blockchain education, and widespread adoption

Cardano Foundation’s Project Catalyst F12 Participation

Cardano Foundation's first participation in Project Catalyst voting focuses on strengthening governance by supporting proposals for operational resilience, blockchain education, and widespread adoption

Project Catalyst, Cardano’s hub for community innovation, exists to propel on-chain governance to the Cardano blockchain by allowing the community to self-determine priorities for growth. In a significant milestone, the Foundation is participating in Project Catalyst voting for the first time on project proposals by evaluating and voting on proposals that align with its strategic plan.

For F12 voting, the Foundation focused on three key areas:

i) Enhancing operational resilience to position Cardano as a robust infrastructure for institutional-grade use cases.

ii) Promoting education to increase understanding of third-generation blockchains.

iii) Driving adoption by reducing operational costs and improving tooling to encourage widespread integration.

Additionally, in the evaluation of proposals, the Foundation prioritized innovative on-chain solutions in traceability, authenticity, and sustainability, ensuring projects increase data transparency, offer secure asset provenance, and achieve measurable social and environmental impacts. Additional criteria included support for open-source initiatives, contributions to Cardano's governance model, and the historical performance of project teams in previous Catalyst rounds.

A cross-functional team ensured a holistic evaluation, reflecting the Foundation's commitment to strategic development and significant advancement of Cardano’s technology and adoption.
This participation by the Cardano Foundation marks a pivotal moment in continuously helping in actively shaping Cardano's future.

View the full rationale and selected proposals here.

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