- Project Catalyst returns for another funding round.
- This round focuses on Cardano institutional adoption.
- Catalyst has backed a wide range of promising ideas.
Project Catalyst is a decentralized funding platform that empowers builders to create innovative solutions on the Cardano blockchain. Allowing registered ADA holders to vote on impactful proposals ensures the community plays a direct role in shaping Cardano’s future.
Sponsored
The upcoming Fund13 round will open soon. It will offer promising projects a chance to claim a portion of the available funding. Unlike previous rounds, Fund13 places a stronger emphasis on enterprise solutions.
Cardano’s Fund13 Is Set
Cardano’s Fund13 launches on September 26, with 50 million ADA ($16.5 million) set aside to fund top proposals. Open to everyone, the community will vote to determine which ideas receive funding, aligning with Catalyst’s democratic approach to governance.
Proposers will have three weeks to submit their ideas, with the submission window closing on October 10. However, Cardano partners will have an extended deadline until November 7, giving them additional time to refine their proposals.
Community voting for Fund13 will occur from November 28 to December 12. The funding categories have been adjusted from the previous round, the six available categories now comprise four general categories (developer, ecosystem, concept, and product) open to all, and two exclusive categories (enterprise and growth) for tier 1 partners.
With a substantial allocation of 15 million ADA ($4.9 million), the enterprise category in Fund13 suggests a strategic focus on attracting institutional interest and fostering deeper business integrations.
Staked Seed Node
Although Fund13 results won’t be available until mid-December, Fund12 saw 1,205 proposals, with 258 securing funding. These projects received a total of 46.5 million ADA, or $21.3 million at the time. Among the funded proposals were several standout innovations.
Minswap Lab’s Fund12 proposal sought to develop a decentralized exchange (DEX) compatible with programmable tokens under CIP 113. This project aims to lay the groundwork for the potential integration of USDT and USDC on Cardano.
Community members have urged Input Output and the Cardano Foundation to integrate major dollar stablecoins like USDT and USDC, anticipating a significant boost in liquidity for the Cardano network.
Other notable Fund12 proposals included a Unity game development SDK, enabling seamless integration of Cardano into games, and a decentralized e-commerce platform, aiming to disrupt traditional marketplaces like eBay with a fairer, smart contract-based approach.
On the Flipside
- Catalyst has undergone significant improvements to ensure a more equitable funding process, including the elimination of downvotes in Fund 11.
- Cardano active addresses have fallen sharply from 2022 highs.
Why This Matters
Catalyst Fund13 underscores Cardano’s continued dedication to decentralized governance and its long-term vision for the platform.
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