The Cardano community has approved a $70 million budget allocation for further core development of the project.

Cardano's Input Output Global secured a $71 million treasury allocation for network upgrades after a governance vote.

The proposal passed with 74% approval, allocating 96 million ADA for milestone-based payments overseen by Intersect.

Key projects include Hydra for scaling and Acropolis for node redesign aiming to boost developer activity and ADA demand.

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