The Project Catalyst Fund10 winners were revealed on Thursday on X by Cardano’s technology business, Input Output.
50 million ADA were distributed among the 192 funded applications following the voting phase, representing a 12.48% increase in votes from Fund9.
A diverse set of funded projects
As part of the most recent round, several creative initiatives were supported. They concentrated on infrastructure, decentralised applications, and development advances.
These include suggestions for the inclusion of frontend gaming engines, improvements to the Cardano ecosystem’s on-chain game hosting, and the use of zero-knowledge (ZK) encryption to promote privacy and scalability in Cardano-based apps and games.
Significant funding was also given to well-known projects including Sundae Labs’ Hydra Transaction Stream Plugin and MLabs’ Congested Testnet.
Fostering innovation
A decentralised financing method is used by Cardano’s Project Catalyst to promote innovation and growth within its ecosystem. Every three months, this initiative facilitates the community-driven selection and funding of projects, emphasising not only financial support but also crucial elements like education and mentorship to ensure the successful implementation of the ideas and a contribution to the long-term sustainability and development of the Cardano blockchain.
