IOHK Discloses Next Cardano Project Catalyst To Start In June

According to IOHK’s announcement at the catalyst town hall, Project Catalyst Fund9 is set to launch on June 1. This follows a successful Fund8, the winners of which have already been revealed.

The next Project Catalyst Fund9 anticipates over 1,000 applications, with $16 million in ADA already set aside for grants and ecosystem benefits. Project Catalyst is a joint initiative to foster Cardano network development between the Cardano community and Cardano’s parent firm, IOHK.

During each fundraising cycle, the community sets challenges for a variety of Cardano-related projects. The community then answers to these issues by proposing real remedies in the form of plans. The suggestions are voted on by the community, who decides which ones will be funded.

IOHK shared network growth statistics on a chart in its weekly development reports. Cardano now has 943 projects under construction, up from 925 earlier.

Cardano has recently launched 85 projects, bringing the total number of NFT projects to 5,656. Github connections totaled 3,132 during the week, while Cardano native tokens totaled 4.8 million. There were also 2,714 Plutus scripts.

The Vasil Hard Fork, which is expected for June 29, aims to significantly improve Cardano and its smart contract platform, Plutus. IOHK has provided a suggested road map ahead of the Vasil Hard Fork event.

The closed public testnet phase is scheduled by the end of May, with Vasil expected to launch on the Cardano testnet in early June. In addition, the deadline for mainnet hard fork proposals has been set for June 29.

According to IOHK’s most recent weekly development update, the node, ledger, and consensus teams are continue to prepare for the Vasil Hard Fork.

Cardano has dropped to $0.39 in the last week as the cryptocurrency market has undergone a sell-off. Cardano is currently consolidating before attempting a comeback.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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