The Cardano Foundation, a non -profit organization that develops and supports the Cardano Network, said it spent $ 22.1 million in its three main areas last year, an increase of 15% of 2023.
The money was assigned to the adoption, operational resilience and education, according to the report, which is available to see in the chain through the Reeve tool of the Cardano Foundation. That is $ 19.22 million the previous year.
Assets increased to $ 659.1 million in cryptography of $ 478.24 million as cryptography prices increased. Bitcoin’s price
which now represents about 15% of its holdings, rose around 120% in 2024, while Ada added 42%. Ada’s participation of assets fell to 77% of 83%, according to the report.
“The primary income flow of the Foundation comes from betting rewards, which in 2024 totaled 17.1 million ADA of its 599.2 million holdings of ADA, a performance of 2.7%,” said the company. “It is important to note that the delegation strategy prioritizes parking groups that contribute significantly to the ecosystem, reinforcing the role of the Foundation as a responsible participant in Cardano’s decentralized infrastructure.”
In 2024, the Foundation allocated more than half of its expenses, $ 15 million) towards adoption initiatives. These efforts included collaborations with organizations such as NASA, Barcelona FC and the United Nations Development Program, with the aim of expanding the applications of the real world of Cardano.
The operational resilience received $ 3.8 million, financing improvements such as the launch of an open source cardano.org platform and the introduction of the communication protocol between Blockchain, which connects Cardano with more than 115 blockchains.
The organization used more than 100 people by the end of the year.
“As the administrators of an open source ecosystem that is being built for the long -term future of Blockchain, we recognize that sharing not only our achievements but also how we assign resources is essential to generate trust and guarantee long -term success,” said Frederik Gregaard, the CEO of the Foundation, to Coindesk.
