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Cardano Foundation Resets Community Funding Model, Analyzing Influence on ADA
🤖AI Summary
The Cardano Foundation has taken direct control of Project Catalyst, canceling Fund15 and Fund16 while returning ADA tokens to the treasury. This represents a major overhaul of Cardano's community funding governance model.
Key Takeaways
- →Cardano Foundation assumes direct control over Project Catalyst community funding program
- →Fund15 and Fund16 have been officially canceled as part of the governance restructuring
- →ADA tokens allocated for these funds are being returned to the treasury
- →This marks a significant shift away from the previous decentralized funding approach
- →The changes could impact how community projects receive funding going forward
Read Original →via U.Today
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