Cardano Treasury of $723 Million in ADA Is Decentralized and Is Only Going to Grow: Charles Hoskinson
Responding to a tweet by dc park co-founder, the creator of IOHK, and Cardano reminded the ADA community about the Cardano Treasury that supports developers creating on Cardano.
The treasury is decentralized and it is going to grow from the present $723 million in ADA, Charles Hoskinson stated.
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Sebastien Guillemot, dcSpart co-founder, tweeted that the company has been managing to focus on building its projects based on Cardano thanks to the aforementioned Treasury that currently contains three-quarters of a billion USD in ADA.
It is not only dcspark but other developers too who can work without being halted thanks to funding from Cardano.
Previous year, dcspark broadcast that it wa building the first side-chain for Cardano, which would enable the network to interact with other blockchains. Besides, dcSpart stated they were also working on Fracada.
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Using Cardano’s Plutus programming language, Fracada would allow turning NFTs into fractions. This would allow those who cannot afford to purchase an entire non-fungible token (which often costs millions of USD in crypto) to get just a piece of it.
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