Cardano founder Charles Hoskinson said that ADA’s $723 million treasury is decentralized.
Hoskinson, who is also an Ethereum co-founder, said this in response to a tweet made by dcSpark founder Sebastian Guillemot about the Cardano treasury.
And that’s only going to grow. Cardano has its own growth fund and its decentralized! https://t.co/uzTUaciMPE
— Charles Hoskinson (@IOHK_Charles) May 10, 2022
According to Guillemot, Cardano’s massive treasury allows projects like his to build on the blockchain network without any interruption. “In fact, we have two large tooling announcements in the next 1~2 weeks,” he added.
Cardano has seen significant developments in the past couple of months as more projects are building on it. Guillemot’s revelation shows that the treasury might have been assisting in funding these projects.
Dapps keep building on Cardano
A recent tweet by Cardano’s parent company, IOHK, confirmed that about 900 projects are currently building on it. This is