Cardano community approves major plan to drive improvements in the network

$ADA

The Cardano community approved a grant of 70 million dollars to Input Output Engineering (IOE) to fund significant network upgrades.

The funds will be released in stages, tied to milestones and overseen by an independent oversight committee to ensure transparency.

Meanwhile, other projects in the ecosystem like Snek are also seeking funding, which has sparked a debate on how treasury resources should be allocated.