ADA’s $1 Dream: Cardano Community Approves Major $71M Grant
The post ADA’s $1 Dream: Cardano Community Approves Major $71M Grant appeared on BitcoinEthereumNews.com. Key Notes Cardano community approved $71M grant to fund a year-long development roadmap by IOE. The proposal marks the first-ever community-funded core upgrade in Cardano’s history. ADA eyes $1, but must break key resistance at $0.80 to sustain bullish momentum. Cardano ADA $0.74 24h volatility: 2.3% Market cap: $26.65 B Vol. 24h: $974.48 M eyes a leap to $1 with the community approving a $71 million grant (96 million ADA) in a landmark governance vote. The grant will be used to fund a year-long protocol roadmap by Input Output Engineering (IOE), the chain’s core development team. This is the first time ever that Cardano’s core upgrades will be directly financed by the community treasury. Massive Community Backing With 74% of voters backing the proposal, the initiative seeks a transition toward transparent, decentralized funding and delivery. The overwhelming community engagement makes ADA one of the best crypto to buy. The Cardano community just made history. For the first time ever, core development funding has been directly approved by the community – ushering in a new era of decentralized governance. Thank you all for your support. This is more than a vote of confidence, it’s a shared… — Input Output (@InputOutputHK) August 2, 2025 The roadmap promises developments in scalability, developer onboarding, interoperability, and performance with Cardano’s community oversight body, Intersect, watching over the ecosystem. “For the first time, core protocol development is being funded directly by the community. This vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem,” said Tim Harrison, EVP of Community & Ecosystem at IOE. All funding is milestone-based, with delivery confirmed via smart contracts and a dedicated committee. IOE is also required to publish monthly updates, engineering timesheets, and quarterly budget breakdowns. Cardano (ADA)…
The post ADA’s $1 Dream: Cardano Community Approves Major $71M Grant appeared on BitcoinEthereumNews.com.
Key Notes Cardano community approved $71M grant to fund a year-long development roadmap by IOE. The proposal marks the first-ever community-funded core upgrade in Cardano’s history. ADA eyes $1, but must break key resistance at $0.80 to sustain bullish momentum. Cardano ADA $0.74 24h volatility: 2.3% Market cap: $26.65 B Vol. 24h: $974.48 M eyes a leap to $1 with the community approving a $71 million grant (96 million ADA) in a landmark governance vote. The grant will be used to fund a year-long protocol roadmap by Input Output Engineering (IOE), the chain’s core development team. This is the first time ever that Cardano’s core upgrades will be directly financed by the community treasury. Massive Community Backing With 74% of voters backing the proposal, the initiative seeks a transition toward transparent, decentralized funding and delivery. The overwhelming community engagement makes ADA one of the best crypto to buy. The Cardano community just made history. For the first time ever, core development funding has been directly approved by the community – ushering in a new era of decentralized governance. Thank you all for your support. This is more than a vote of confidence, it’s a shared… — Input Output (@InputOutputHK) August 2, 2025 The roadmap promises developments in scalability, developer onboarding, interoperability, and performance with Cardano’s community oversight body, Intersect, watching over the ecosystem. “For the first time, core protocol development is being funded directly by the community. This vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem,” said Tim Harrison, EVP of Community & Ecosystem at IOE. All funding is milestone-based, with delivery confirmed via smart contracts and a dedicated committee. IOE is also required to publish monthly updates, engineering timesheets, and quarterly budget breakdowns. Cardano (ADA)…
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