Several projects received substantial backing in this funding round, focusing on enhancing development, infrastructure, and the creation of decentralized applications
Input Output, Cardano’s technology company, has announced the winners of its Project Catalyst Fund10 in a Thursday post on X.
The voting round witnessed a total distribution of 50 million ADA 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 Cardano 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 Catalyst is an initiative by Cardano, aimed at fostering innovation 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.