As stated by the IOHK team, Project Catalyst Fund9 is to launch on June 1 following the success of Project Catalyst Fund8.
The Project Catalyst Fund9 hopes to receive the submission of over a thousand projects, with 16 million ADA already designated for grants and ecosystem prizes. The Cardano community and Cardano’s parent firm, IOHK, collaborate on Project Catalyst to promote Cardano network development.
IOHK’s Cardano Project Catalyst Fund9 will start in June. Image: iohk
During each funding round, the community members set challenges for various Cardano-related projects. They then present ideas that identify concrete solutions to these issues and vote to decide which projects to fund.
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In its weekly report, IOHK displayed network growth figures on a chart. Currently, 943 Cardano-based projects are in development, up from 925 earlier. Cardano has recently seen the introduction of 85 projects, while the number of NFT projects has increased to 5,656. Github connections during the week were 3,132, while Cardano native tokens amounted to 4,8 million. In addition, there were 2,714 Plutus scripts.
Due on June 29, the Vasil Hard Fork aims to deliver substantial enhancements to Cardano and Plutus, the smart contract platform. IOHK has created a proposed roadmap before the Vasil Hard Fork event. The closed public testnet phase will start at the end of May, while Vasil will kick off on the Cardano testnet in early June. The deadline for a mainnet hard fork proposal has been set for June 29.
IOHK also shows that the node, ledger, and consensus teams continue to prepare for the Vasil Hard Fork. Cardano reached a weekly low of $0.39 as the cryptocurrency market witnessed a surge of sell-off. Currently, Cardano is consolidating while awaiting recovery.
Cardano is trading at $0.52, down 2.35% in the past twenty-four hours according to CoinMarketCap. The cryptocurrency has gained 3.53% over the past week.