Crypto
Cardano Foundation Closes Catalyst Pilot Fund with $2.5M ADA
The Cardano Foundation is set to close its 2.5 million ADA Catalyst Pilot Fund on August 20, marking a shift in how the network gives out grants.
Project Catalyst, Cardano's grant arm, has handed out treasury funds to builders since 2020, but this round is smaller and sharper than past rounds.
The fund will back ten to fifteen teams that build in four key areas: oracles, stablecoins, programmable tokens for real-world assets, and on-chain ID tools.