Saturday, August 16, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

U-Turn In Cardano Governance: Foundation Backs Key Funding

by SB Crypto Guru News
August 15, 2025
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Cardano Foundation has reversed its position on a contentious treasury withdrawal, switching its DRep vote to “YES” for funding a free Native Asset Content Delivery Network (CDN) for Cardano developers. In a post on X on August 15, the Foundation wrote: “After careful consideration, the Cardano Foundation DRep has changed its vote to YES on the Treasury Withdrawal to fund a free Native Asset Content Delivery Network (CDN) for Cardano developers,” adding that its initial “No” had been rooted in “financial and funding concerns,” which were addressed by new information from the applicant team.”

Cardano Foundation Gives Green Light To Key Funding

The full rationale, posted to IPFS, makes the pivot explicit and anchors it in concrete numbers and implementation detail. The governance action—“Withdraw ₳605,000 for A free Native Asset CDN for Cardano Developers”—would underwrite 18 months of no-cost access to NFTCDN’s infrastructure for every Cardano builder.

According to the Foundation’s document, the service “solves a complex and expensive problem for builders” and is already used by projects including the Eternl and Vespr wallets. The rationale says the team supplied a clarified budget “for salaries and infrastructure costs based on current usage patterns,” which directly addressed the Foundation’s earlier reservations.

Crucially, the Foundation frames the 18-month subsidy as a data-gathering runway to decide among three long-term paths once usage and cost curves are known: open-sourcing the stack, decentralizing the service, or transferring ownership to a non-profit.

It also notes that while it initially viewed Project Catalyst as a more appropriate venue, the applicant demonstrated “no appropriate funding category exists in Catalyst for this type of infrastructure,” warranting a Treasury Withdrawal instead. “We now consider this proposal to be a suitably justified, strategic investment in public infrastructure,” the document concludes.

The vote change lands within Cardano’s broader 2025 governance cycle, which includes a suite of 39 Treasury Withdrawal proposals derived from the Intersect-administered ecosystem budget process (approximately ₳275 million). The Foundation has emphasized transparent DRep decision-making and published running summaries of its votes and governance workstreams.

For developers and integrators, the immediate headline is operational rather than political: if enacted, the measure would eliminate near-term CDN costs for native asset rendering and metadata delivery across wallets, explorers, and dApps—costs that smaller or non-profit teams have struggled to absorb.

The applicant’s public forum posts describe the service as an infrastructure-as-a-service layer that has already handled hundreds of millions of API calls, and outline the intent to use the funded window to quantify demand and right-size infrastructure for the long-term model the community ultimately prefers.

Governance traceability is straightforward. The Foundation’s DRep identifier can be checked on public explorers for a record of the vote and attached metadata; the governance action itself is listed among current Treasury Withdrawal items on explorer dashboards. The Foundation also maintains a governance portal that consolidates its voting approach, meeting notes, and identifiers for both its DRep and Constitutional Committee roles.

At press time, ADA traded at $0.94.

Cardano price
ADA surpasses key resistance, 1-week chart | Source: ADAUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Tags: backsBitcoin NewsCardanoCrypto NewsCrypto UpdatesFoundationfundinggovernanceKeyLatest News on CryptoSB Crypto Guru NewsUTurn
Previous Post

BtcTurk Halts Withdrawals After $48M Hot Wallet Breach

Next Post

Fraudsters Pose as Lawyers to Target Crypto Losses

Related Posts

Was The Ripple Vs. SEC Lawsuit Just A Distraction? Pundit Claims US Government Owns XRPL

Was The Ripple Vs. SEC Lawsuit Just A Distraction? Pundit Claims US Government Owns XRPL

by SB Crypto Guru News
August 16, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto analyst Pumpius has sparked a debate...

Former Pump.fun Developer Pleads Guilty to  Million Solana Heist

Former Pump.fun Developer Pleads Guilty to $2 Million Solana Heist

by SB Crypto Guru News
August 15, 2025
0

Jarett Dunn, a former developer at the Solana-based memecoin platform Pump.fun, has pleaded guilty to fraud by abuse of position...

A Bitcoiner’s Dilemma In The Age Of Rampant Speculation

A Bitcoiner’s Dilemma In The Age Of Rampant Speculation

by SB Crypto Guru News
August 15, 2025
0

Strategy, Michael Saylor and MSTR have taken over Wall Street. To many people’s chagrin, the suitcoiners and corporates are here:...

Tokenized Assets To Hit 0 Trillion — Ethereum Set To Be The Backbone

Tokenized Assets To Hit $100 Trillion — Ethereum Set To Be The Backbone

by SB Crypto Guru News
August 15, 2025
0

The global financial system is on the verge of a seismic shift. A prominent figure in the financial institution believes...

0 Million Flows Into Ether ETFs as Bitcoin ETFs Notch 7th Day of Gains

$640 Million Flows Into Ether ETFs as Bitcoin ETFs Notch 7th Day of Gains

by SB Crypto Guru News
August 15, 2025
0

Ether exchange-traded funds (ETFs) scored another $640 million in inflows, marking their eighth consecutive day in the green, while bitcoin...

Load More
Next Post
Fraudsters Pose as Lawyers to Target Crypto Losses

Fraudsters Pose as Lawyers to Target Crypto Losses

Taiwan’s first Bitcoin treasury investor bets  million on Nasdaq’s SORA

Taiwan’s first Bitcoin treasury investor bets $10 million on Nasdaq’s SORA

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.