The ideas that proponents of the Cardano (ADA) dApps ecosystem submitted for consideration have three days left to alter. However, several ADA activists identified dubious financing candidates.
Cardano (ADA) Project Catalyst Fund 10 completes ideas submission campaign
Cardano (ADA) developer Input Output Global has announced that the concept submission period for ProjectCatalyst Fund 10, the tenth iteration of the largest community incubator in Web3, has ended.
Decentralised applicant teams submitted a staggering total of 1,577 proposals. It is the most stunning outcome of Project Catalyst’s efforts for concept submission to yet.
Up to July 17, 2023, proposal authors may update their entries. Holders of ADA tokens will be able to cast votes on their preferred projects when the edition phase is through.
The notification indicates that votes for suggestions will be taken up until mid-August.
Project Catalyst’s popularity is growing, as previously reported by U.Today. Project Catalyst’s home website highlights Cardano (ADA) development, no-code tools, teaching platforms, and AI-powered processes.
Cardano’s Project Catalyst raises mixed feelings in ADA community
Candidates can submit financing applications under a variety of categories, including “Development and Infrastructure,” “Startups and On-boarding for Students,” “Products and Integrations,” “Open-Source Development Ecosystem,” and tools for SPOs and DAOs, among others.
At the same time, Cardano’s (ADA) advocates have been quite critical of this round. Some of them observed that the team behind one of the most significant financing requests claimed to be directed by Charles Hoskinson, the inventor of Cardano (ADA).
The project, which consists just of a WordPress website, is requesting $5. 7 million in financing for oblique objectives such as “talent economy.” Additionally, several supporters acknowledged that Fund 10 in its current form would increase competitiveness in a sector that is already oversaturated.
