According to the announcement of IOHK, the parent company of Cardano, Project Catalyst Fund 9 is expected to be launched on June 1. This year’s Project Catalyst Fund 9 will submit more than 1,000 proposals, and IOHK will spend about $16 million worth of ADA for ecosystem rewards. are encouraging the development of the Cardano network.
According to the network growth data released by IOHK, there are 943 projects under construction on Cardano so far, a total of 85 projects have been launched on Cardano recently, and the number of NFT projects has risen to 5,656.
Additionally, the Vasil hard fork is scheduled for June 29 and is expected to bring major improvements to Cardano and its smart contract platform Plutus.