Charles Hoskinson has reminded the community about the Cardano Treasury, stating that it is only going to get bigger
In response to a tweet from the co-founder of dcSpark, the creator of IOHK and Cardano reminded the ADA community of the Cardano Treasury which supports developers building on Cardano.
The Treasury is decentralized and it is going to grow from the current $723 million in ADA, Charles Hoskinson stated.
Sebastien Guillemot, co-founder of dcSpart, tweeted that the company managed to focus on building its Cardano-based projects thanks to the aforementioned treasury which currently holds three quarters of a billion USD in ADA.
It is not only dcSpark but other developers too who can work without being interrupted thanks to funding from Cardano.
Last year, dcSpark announced that it was building the first sidechain for Cardano, which would allow the network to interact with other blockchains. Additionally, dcSpart said it is also working on Fracada.
Using Cardano’s Plutus programming language, Fracada would allow turning NFTs into fractions. This would allow those who cannot afford to buy an entire non-fungible token (which often costs millions of USD in crypto) to get just a piece of it.
