Angie Weeks
7.7K posts
@angieweeks
From MI, I'm a friendly Realtor doing Mission Viejo & Newport Beach Real Estate, & own an Internet Marketing company. I'm an optimist, geek, networker, & artist
We would like to share an update regarding Project Catalyst. Following our joint review, @IOGroup, which operates Catalyst today, and the @Cardano_CF have agreed to work expediently towards the Cardano Foundation assuming stewardship of Project Catalyst. This transition is now underway and members of our Catalyst team will join the Cardano Foundation to ensure funding continuity for all existing grantees. The programme continues to administer funding to more than 500 active projects, with over 2200 projects funded to date. As part of this process, in consultation with the Cardano Foundation we have also agreed that running Fund15 and Fund16 in their proposed form is not feasible at this time of transition. The near-term focus will be on maintaining continuity for all grantees through Fund14, ensuring that funds continue to be administered in line with agreed milestones. Meanwhile, the Catalyst team, the Cardano Foundation and @IntersectMBO will continue to work together to develop a clear path forward for the future of community funding. At the heart of these plans is our community whose input will be invaluable to this process. Work also continues steadily towards other funding opportunities and maximising synergies for the @Cardano ecosystem. We would like to thank all those projects that submitted their applications for funding to Fund15 and deeply regret that we cannot see these projects through at this time. While we recalibrate, we believe it is appropriate that all ada previously earmarked for grant funding in Fund15 and Fund16 be returned to the treasury in alignment with Intersect. We’d like to thank the community for their patience while we finalize the process. Further updates on the status of this and future rounds will be shared once the transition is complete.
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Man, the sun sure brought the intensity this morning. From being overcast the last couple days to just bright! The day started off beautifully, and although it will be a busy one, I’m looking forward to it. I hope you are too. Happy Thursday. #Karvan #Caravan #StarForge
