Cardano's Project Catalyst picks 12 projects for 2M ADA pilot fund
- —12 of 117 applicants selected, grants range from 50,000 to 200,000 ADA
- —40% paid after onboarding, 40% tied to adoption, 20% to sustained activity
- —Top three performers can earn bonuses of up to 50% of their grants
- —Teams have up to three months to launch integrations on Cardano mainnet
Why it matters: The usage-based funding model ties payouts to real network activity, potentially raising project quality across the Cardano ecosystem.
Source: crypto.news