IOHK Discloses Next Cardano Project Catalyst To Start In June

CoinCu News 1 month ago Report
Telegram LinkedIn

According to IOHK’s announcement at the catalyst town hall, Project Catalyst Fund9 is set to launch on June 1. This follows a successful Fund8, the winners of which have already been revealed.

IOHK Discloses Next Cardano Project Catalyst To Start In JuneIOHK Discloses Next Cardano Project Catalyst To Start In June

The next Project Catalyst Fund9 anticipates over 1,000 applications, with $16 million in ADA already set aside for grants and ecosystem benefits. Project Catalyst is a joint initiative to foster Cardano network development between the Cardano community and Cardano’s parent firm, IOHK.

During each fundraising cycle, the community sets challenges for a variety of Cardano-related projects. The community then answers to these issues by proposing real remedies in the form of plans. The suggestions are voted on by the community, who decides which ones will be funded.

IOHK shared network growth statistics on a chart in its weekly development reports. Cardano now has 943 projects under construction, up from 925 earlier.

Cardano has recently launched 85 projects, bringing the total number of NFT projects to 5,656. Github connections totaled 3,132 during the week, while Cardano native tokens totaled 4.8 million. There were also 2,714 Plutus scripts.

The Vasil Hard Fork, which is expected for June 29, aims to significantly improve Cardano and its smart contract platform, Plutus. IOHK has provided a suggested road map ahead of the Vasil Hard Fork event.

IOHK Discloses Next Cardano Project Catalyst To Start In JuneIOHK Discloses Next Cardano Project Catalyst To Start In June

The closed public testnet phase is scheduled by the end of May, with Vasil expected to launch on the Cardano testnet in early June. In addition, the deadline for mainnet hard fork proposals has been set for June 29.

According to IOHK’s most recent weekly development update, the node, ledger, and consensus teams are continue to prepare for the Vasil Hard Fork.

Cardano has dropped to $0.39 in the last week as the cryptocurrency market has undergone a sell-off. Cardano is currently consolidating before attempting a comeback.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

CoinCu News

Original Source: https://news.coincu.com/90851-iohk-discloses-next-cardano-project/

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.

Join Our Weekly Newsletter of Cardano

Your weekly dose of Cardano news straight to your inbox!
GADA Finance is launching its Initial Stake Pool Offering (ISPO) Starting on June 29, 2022
Being the first permissionless and community-governed launchpad on Cardano, we intend to raise funds through a public ISPO which will enhance the Cardano ecosystem. CLICK HERE!
READ THE ORIGINAL ARTICLE ON >> CoinCu News