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Cardano Opens 2.5 Million ADA Funding Round for New Projects
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Cardano’s Catalyst Pilot opened a new funding round on August 6, offering 2.5 million ADA to selected projects. The program is expected to support 10 to 15 teams, with individual grants ranging from 50,000 to 200,000 ADA. Selected teams can receive 40% of their grant upfront after onboarding, with another 40% released after meeting usage targets. The remaining 20% will depend on continued adoption after the initial launch period. Applications close on August 20 at 06:00 UTC.
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