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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.

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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

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.