Cardano Foundation Increased Spending on Core Areas by 15% Last Year
2025-07-10 13:44:00
Main Idea
The Cardano Foundation increased its spending on core areas by 15% in 2024, focusing on real-world blockchain applications, with total assets rising to $659.1 million primarily held in ADA, BTC, and cash equivalents.
Key Points
1. The Cardano Foundation allocated $15 million in 2024 to drive real-world blockchain applications, partnering with organizations like NASA, Barcelona FC, and the United Nations Development Programme.
2. Foundation assets totaled $659.1 million, primarily held in ADA (76.7%), BTC (15%), and cash equivalents (8.3%), with ADA's share of assets dropping from 83% to 77%.
3. The foundation's primary income stream came from staking rewards, totaling 17.1 million ADA in 2024, a 2.7% return on its 599.2 million ADA holdings.
4. Operational resilience received $3.8 million in funding, supporting enhancements like the Inter-Blockchain Communication Protocol, which connects Cardano to over 115 blockchains.
5. The organization employed more than 100 people by the end of 2024, emphasizing long-term success and open-source ecosystem development.
Description
Cardano Foundation, a not-for-profit organization that develops and supports the Cardano network, said it spent $22.1 million on its three core areas last year, a 15% increase from 2023. The money was allocated to adoption, operational resilience and education, according to the report, which is available to view on-chain via the Cardano Foundation's Reeve tool . That's up from $19.22 million the year before . Assets rose to $659.1 million worth of crypto from $478.24 million as crypto prices ros...
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