The Cardano Foundation spent 22.1 million USD focusing on developing Blockchain applications, enhancing operations, and education in the past year.
Cardano Foundation increased investment by 15% compared to last year, collaborating with major organizations such as NASA, FC Barcelona, and the United Nations Development Program to apply Blockchain in practice.
MAIN CONTENT
The Cardano Foundation spent 22.1 million USD on Blockchain, operations, and education, an increase of 15% compared to last year.
15 million USD allocated to promote practical Blockchain applications with reputable global partners.
The fund's assets amount to 659 million USD, primarily holding ADA, Bitcoin, and cash.
What areas did the Cardano Foundation invest in during 2023?
According to a report from CoinDesk, the Cardano fund allocated 22.1 million USD to three key areas, including Blockchain application development, operational enhancement, and educational programs.
This is an important step towards enhancing the development and practical application of Blockchain technology in life and business. The 15% increase in spending compared to last year shows that the fund is further intensifying its core activities.
How much has the fund used to promote practical Blockchain applications and with whom do they collaborate?
About 15 million USD of the total budget is allocated to developing Blockchain applications in collaboration with prestigious organizations such as NASA, FC Barcelona, and the United Nations Development Program.
These partners help Cardano optimize the deployment of Blockchain in practical fields such as space, sports, and global sustainable development.
"We are committed to vigorously promoting Blockchain development through strategic partnerships with leading global organizations to create positive social and technological impact."
Elias Roa, CEO of Cardano Foundation, 2023
What is the current asset and resource portfolio of the Cardano Foundation?
The total assets of the fund are approximately 659 million USD, of which 76.7% is ADA, 15% is Bitcoin, and the remaining 8.3% is held in cash and cash equivalents.
Diversifying assets helps the fund maintain liquidity while leveraging the growth potential of major cryptocurrencies.
Cardano Foundation Asset Allocation Table
Asset Type Percentage (%) Corresponding Value (million USD) ADA 76.7 505.6 Bitcoin 15 98.9 Cash and equivalents 8.3 54.6
"A targeted investment fund leverages Blockchain development while maintaining a sustainable financial position through strategic asset diversification."
Analyst Report, Blockchain Investment Review, July 2023
Frequently Asked Questions
How much has the Cardano fund increased its investment compared to last year? The fund increased its investment by 15% compared to last year, focusing on Blockchain development, operations, and education. Which organizations does the Cardano Foundation collaborate with to develop Blockchain? The fund collaborates with NASA, FC Barcelona, and the United Nations Development Program on practical Blockchain application projects. What is the current total asset of the fund and how is it allocated? The fund's assets are 659 million USD, primarily holding ADA at 76.7%, Bitcoin at 15%, and cash at 8.3%. What is the main goal of the Cardano Foundation when investing in education? The fund aims to enhance awareness, knowledge, and skills about Blockchain for the community and developers. How does the fund maintain stable operations? The fund maintains financial stability through a diversified asset allocation and strategic investment in key areas.
Source: https://tintucbitcoin.com/cardano-giu-659-trieu-usd-tai-san/
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