Saturday, April 10, 2021

IOG: Cardano’s Project Catalyst Grows to Become the World’s Largest DAO in Less Than 7 Months

IOG, the software firm behind the development of Cardano, has some hours ago hinted at the significant growth and development of Cardano’s Project Catalyst.

According to the tech firm, Project Catalyst has grown to become the largest decentralized autonomous organization (DAO) in the world in less than 7 months of its emergence.

Read Also: Charles Hoskinson Highlights Lots Of Developments That Are Coming On Cardano In 2021

The firm thereby urged the Cardano community members to continue to support the growth of the initiative, in order to bring fully decentralized governance to Cardano.

Captioning a video where the notable growth and ambitious goals for 2021 are illustrated, IOG tweeted, “In less than 7 months, Project Catalyst has grown to become the world’s largest DAO. And this is just the beginning! We are setting ambitious goals for 2021 & encourage everyone to be a part of bringing full on-chain governance to Cardano.”

About Cardano’s Project Catalyst

Project Catalyst, known to be the first stage in the Voltaire roadmap, is an ongoing experiment in exploring decentralized innovation and collaboration at its highest level.

Project Catalyst tasks the participants to pool their ingenuity, creativity, coupled with the passion to identify big projects that support the growth of Cardano (ADA).

Read Also: Charles Hoskinson Launches His Own Cardano (ADA) Staking Pool Called RATS Pool

Fund2 was the first time that Project Catalyst participants pitched, debated, refined, and voted on proposals using the digital token ADA. This was targeted at enhancing and bringing new value to Cardano.


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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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