Cardano Foundation, a not-for-profit organization that develops and supports the cardano network, stated that it spent $ 22.1 million on its three main areas last year, an increase of 15% from 2023.
According to the report, money was allocated for adoption, operational flexibility and education, which is available to watch on-chant through Cardano Foundation Reve toolIt is above $ 19.22 million a year ago.
The assets rose from $ 478.24 million to $ 659.1 million with an increase in Crypto prices. Bitcoin price
Which is now about 15% of its holdings, climbing about 120% in 2024 while the ADA added 42%. According to the report, the ADA’s property fell from 83% to 83%.
The company said, “The primary income of the foundation comes from Stacking Rewards, which in 2024 had a return of 2.7%to 17.1 million ADA from its 599.2 million ADA holdings.” “Importantly, the delegation strategy preference the stake pool that contributes to the ecosystem to the ecosystem, strengthening the foundation role as a responsible participant in the decentralized infrastructure of Cardano.”
In 2024, the foundation allocated more than half of its expenses – $ 15 million – towards the adoption initiative. These efforts included collaboration with organizations such as NASA, Barcelona FC, and United Nations Development Program, which aims to expand the real -world applications of Cardano.
Operational flexibility received $ 3.8 million, launching an open-source cardano.org platform and introducing inter-blockchain communication protocols such as funding enhancements, which connects Cardano with more than 115 blockchains.
The organization appointed more than 100 people by the end of the year.
The Foundation’s CEO said, “As the stewers of an open-source ecosystem, who is building for the long-term future of the blockchain, we believe that not only to share our achievements, but we are also fundamental to ensure the construction of the trust and ensure long-term success.”
