Recently, Input Output of IOHK, blockchain research, and development company of two founders Charles Hoskinson and Jeremy Wood announced a list of new projects that will receive funding from Project Catalyst. These teams work on innovative upgrades on Cardano, and the grant helps them grow faster. The ultimate goal is to help creative teams expand the Cardano ecosystem. The initial total amount in Project Catalyst of $ 250,000 will be awarded for the 11 selected projects. And below is the list of 11 projects being funded by fund 2.
000s of innovators & guides ?
11 winning proposals in our first public fund ?
11 groundbreaking projects to power up #Cardano ?
All chosen by the community. For the community ?This is #ProjectCatalyst. And this is just the start… ?
Read more: https://t.co/MArb75OgnM pic.twitter.com/P8LIckG8H7
— Input Output (@InputOutputHK) January 13, 2021
Grants that help the Cardano community grow
Funding is the company’s standard solution to encourage and uplift developers. In the blockchain space, funds are important because they help start-ups grow their projects faster. The end result will be that the developers are more active, so the community will be more successful in attracting new users, helping the industry grow. Input Output is one of the most important supporting organizations in the Cardano community. Their Project Catalyst program aims to make teams grow faster and easier.
The new grant from Project Catalyst is named Fund2. That was the first stage in the Voltaire roadmap. After days of reviewing and voting for/against the projects, 11 proposals were selected to receive the $ 250,000 fund. These recommendations focus on solutions that attract new developers to the community. Each of them proposes a new upgrade in Blockchain Cardano that eases development processes.
Project Catalyst will be more active in 2021, encouraging developers to be more involved in the Cardano community. According to the announcement post by Dor Garbash:
“We have bold and ambitious plans for Project Catalyst in 2021, with ADA worth millions of dollars being made available to fund innovation on Cardano. Submission for proposals for Fund3 will open tomorrow, don’t miss out on the opportunity to make your voice heard.”
List of 11 crypto projects receiving fund 2 from Project Catalyst
#1: PoolTool platform upgrade
Create many new avenues to build applications on Cardano, help differentiate between stake pools by offering additional products. This upgrade is intended to increase the diversity of the infrastructure on the Cardano Blockchain.
#2: Ouroboros over RINA
Deployed the Proof-of-Concept stake pool algorithm and Ouroboros transition solution through RINA, using Ethernet/WDM at two locations in Tokyo, Japan.
#3: Haskell / Plutus / Marlowe education
Creating educational content conveys information in a more structured way. This recommendation makes it easier for developers to work.
#4: Create a message-signing standard
Create a standard of signing notices to demonstrate reserves, identity, and stake pool authorization.
#5: Liqwid: Cardano lending markets for decentralized finance
Create an open-source, unsupervised liquidity protocol to earn interest on deposits and loans on Cardano.
#6: Cardano for mobile DApp developers
Turn mobile platforms into DApp’s preferred platforms with mobile SDKs, mobile-first DApp experience, and app store compatibility.
#7: GimbaLabs – starter kits and tools
GimbaLabs is a startup platform that provides free and open-source project-based learning APIs, lessons, and resources to help people turn their ideas into reality on Cardano and thus drive adoption. use blockchain.
#8: Lovelace Academy for Marlowe and Plutus
Establishing an online academy to attract, inspire, and educating individuals and companies to create applications on the smart contract platform and use Cardano’s native token.
#9: Sign Tx Arduino
Run library for code written in C programming language, compatible with Arduino development environment.
#10: Pet Registry DApp with ₳ Pay
Help developers accept ADA payments on websites.
#11: The Japan Cardano Governance Association
Meetings & Communities & Podcasts: Supports online/offline meetings, admin podcasts, etc. for the Japanese community.
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