Cardano Foundation Held $478M in Assets in 2023
In 2023, the Cardano Foundation reported $467.24 million in assets and fund allocation across key areas. In the year 2023, the Cardano Foundation, which is a charitable organization that works to advance the Cardano ecosystem, reported having assets that brought the total to around $478 million. On November 13, the Cardano Foundation released its 2023 […]
Cardano Foundation Unveils PRAGMA for Open-Source Project
The Cardano Foundation and four partners unveil PRAGMA, a non-profit promoting open-source blockchain projects. It aims to foster collaboration and development in the blockchain community. PRAGMA is a new not-for-profit organization established by the Cardano Foundation, Blink Labs, dcSpark, Sundae Labs, and TxPipe to promote open-source blockchain software initiatives. PRAGMA was announced in collaboration with […]
Cardano Denies Abandoning Layer-2 Project Hydra
Charles Hoskinson, co-founder of Cardano, has dispelled allegations that it had abandoned the network’s Hydra layer-2 scaling initiative, saying it is just pure FUD. The IOHK CEO confirmed to X on March 18 that the project’s developers had not abandoned it. “I am seeing videos that purport Hydra has been abandoned,” he stated, adding, “That […]
Cardano Foundation Partners with Petrobras for Blockchain Education
The Cardano Foundation is partnering with Petrobras, Brazil’s largest state-owned oil corporation, to offer blockchain education and investigate its use cases in the energy sector. The foundation will conduct blockchain education seminars for Petrobras’ 45,000 employees, with Cardano Academy content accessible through Petrobras University, according to an announcement made on December 20. Established in 1953, […]
Cardano Foundation Exec Says There’s no Best Blockchain
Mel McCann, vice president of engineering at the Cardano Foundation, believes the debates on the best blockchain should stop as there is no best blockchain, as each has its particular use case. Although many community members enjoy debating the ultimate blockchain, a Cardano Foundation executive believes these debates should cease because use cases dictate which […]