ChainCatcher Message, the Cardano community approved the allocation of 96 million ADA (approximately 71 million USD) to the core development team Input Output Global (IOG) with a support rate of 74% through governance voting for a critical network upgrade lasting 12 months.

Funding will be disbursed in phases and supervised by the member organization Intersect, focusing on supporting the development of the Layer2 scaling solution Hydra and the node reconstruction project Acropolis, aimed at enhancing developer experience and increasing the demand for ADA tokens.