Cardano Foundation Boosts Core Spending by 15% in 2024 – Betting Big on Blockchain’s Future
Cardano just put its money where its mouth is.
The foundation overseeing one of crypto's most research-driven blockchains ramped up spending on core development by 15% last year—while traditional finance giants were still debating whether to adopt Web3 or just quietly ape into NFTs.
Where the money's flowing:
No breakdown was provided, but that double-digit increase signals serious commitment to protocol upgrades, developer tools, and ecosystem growth. The kind of boring-but-essential work that keeps chains alive when the hype cycle fades.
Why it matters:
While some foundations hoard treasury funds like dragons guarding gold, Cardano's move shows confidence in its roadmap. That said—let's see if the spending actually translates to adoption, or just fuels more academic papers that nobody reads.
Either way, a 15% budget bump proves this isn't some fly-by-night operation. Even if the market still treats ADA like it's allergic to all-time highs.
