Cardano Builder Input Output Global (IOG) has declared the start of a significant phase for its decentralised award fund, Project Catalyst.
IOG announced that voting for Project Catalyst Fund 11 is now officially open in a new tweet. A grant programme and growth engine for the Cardano community, Project Catalyst offers a fixed amount of ADA to ideas each few months through financing rounds.
https://x.com/InputOutputHK/status/1750489005093790153?s=20
Community members submit ideas based on categories listed on the Project Catalyst website at the beginning of each fund. The top ideas receive funds to be implemented when the community casts its votes.
Fund 11 accepts submissions in six categories, which are loosely categorised into three Cardano use cases: concept, solution, and product. Cardano Open is the second, covering ecosystems (nontechnical) and developers (technical). The third is development and discovery as part of the catalytic system enhancement.
Fund 11 voting will continue until February 8 at 11:00 a.m. UTC. Voting on more than 920 proposals for the aforementioned categories is available to Cardano holders who have registered their wallets during this time.
Fund 11 (F11) has 50 million ADA, the Cardano network’s native token, available for financing.
Future projections indicate that the Fund11-selected proposals will be announced approximately on February 15, 2024, and that the F11-funded ideas will begin to be onboarded in March of the same year.
Referring to the Catalyst Team’s roadmap proposal to the Cardano community, Kriss Baird, Head of Product at Project Catalyst, talked about Catalyst Working Groups in a blog post last week. The goal of these is to provide the first wave of data-driven, community-led study that might significantly alter the parameters of upcoming rounds of catalyst financing.
Projects from all financing rounds are combined into the Catalyst Network, which was originally known as the Coordinator.
