Mars Finance News, the Cardano community approved the allocation of 96 million ADA (approximately $71 million) to the core development team Input Output Global (IOG) through a governance vote with a 74% support rate. The funds will be used for a 12-month critical network upgrade. The funding will be released in stages, supervised by the member organization Intersect, focusing on supporting the development of Layer2 scaling solution Hydra and the node reconstruction project Acropolis, aiming to improve developer experience and increase ADA token demand.
Cardano community approves $71 million development budget, focusing on upgrading Hydra and node architecture
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