In a new development, the Cardano community approved the funding of the Input Output Engineering protocol roadmap through voting. Following this key vote, funds from the Cardano treasury will be allocated to finance crucial technical improvements for Cardano, which extend to Ouroboros Leios, Hydra, and the Acropolis Project.
"Securing funding is just the beginning," commented Ricky Rand, CEO of Input Output Engineering. "This is a vote of confidence in the future of Cardano: a model of how decentralized funding and delivery can work at scale."
In light of the network improvements and the upcoming Midnight airdrop, the chances of approval for the Cardano ETF have surged to 83%, driven by renewed institutional interest. Meanwhile, the price of ADA has risen nearly 3% over the last day, trading at $0.72, but the 7-day chart reveals a 12% decline.