• About Us
  • Careers
  • Contact
No Result
View All Result
Friday, August 1, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Crypto

Cardano Foundation Reports $478M in Assets, Majority in ADA Tokens

13 November 2024
in Crypto, News
Reading Time: 2 mins read
108 2
Cardano Foundation Reports $478M in Assets, Majority in ADA Tokens

Source: Facebook

The Cardano Foundation, a nonprofit organization focused on advancing the Cardano blockchain ecosystem, has reported assets totalling $478 million for 2023, with most of these held in Cardano’s native ADA tokens.

According to its 2023 Financial Insights Report, released on November 13, around 82.5% of the foundation’s assets are in ADA, with 10.1% in Bitcoin and the remainder in U.S. dollars. The foundation’s funds are primarily derived from an ADA endowment and ADA voucher sales.

CEO Frederik Gregaard highlighted that the report demonstrates the foundation’s commitment to transparency and open-source values, providing stakeholders with a detailed view of its resource allocation.

The report specifies that $19.22 million was directed toward three strategic areas: adoption, education, and resilience. Additionally, $4.55 million was spent on operational costs to strengthen the foundation’s capacity. An investment of $2.12 million went toward enhancing network resilience, focusing on improving Cardano’s durability and reliability, which has enabled it to operate continuously for over 2,000 days.

In the education domain, the foundation invested $4.18 million to foster regulatory clarity, encourage blockchain research, and drive enterprise adoption. Key initiatives included the launch of the Cardano Academy, the Cardano Explorer, and the “Let’s Talk” webinar series, along with hosting the 2023 Cardano Summit in Dubai. Another $12.92 million was allocated to adoption efforts, underscoring the foundation’s commitment to expanding Cardano’s use in various sectors.

This report follows Cardano’s recent “Chang” upgrade, which ushers in a shift towards decentralized governance that allows ADA holders to participate directly in the network’s future. The upgrade introduced on-chain voting and “liquid democracy,” a system that enables ADA holders to vote on governance issues directly or delegate voting power to chosen representatives, known as Delegate Representatives.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: ADA TokensCardano
Share64Tweet40Share11
Favour Okosodo

Favour Okosodo

Experienced web content writer with a strong command of SEO, specializing in creating concise, engaging content that drives traffic and enhances conversions across diverse industries.

Related Posts

source: verdict.co.uk
AI

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

31 July 2025
source: defi-planet.com
News

South Korea to Roll Out Official Crypto Lending Guidelines in August Amid Investor Risk Concerns

31 July 2025
Polygon Partners with SK Telecom to Accelerate Web3 Adoption
Blockchain

Philippines Launches Blockchain Notarization on Polygon Amid Network Outage

31 July 2025
source: cryptorank.io
Crypto

Corporate Crypto Treasuries Grow as Firms Amass $100B in Digital Assets

31 July 2025

Featured Posts

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

12 hours ago

Is Web3 Finally Solving Its Risk Problem? A Market Review of DeFi Insurance Models

2 days ago

How Coinshift Is Progressing the Stablecoin Space

2 days ago

Virtual Land Markets in 2025: Price Trends & Utility Breakdown

2 days ago

Your Weekend Crypto Roundup | July 2025 (Week 4)

7 days ago

Your Weekend Crypto Roundup | July 2025 (Week 3)

2 weeks ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

10 Years of Ethereum : ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale

bychainwire
31 July 2025
0

PowerBank and Intellistake Announce Strategic Alliance to Pioneer Digital Currencies, including Bitcoin Treasury Integration and RWA Tokenization

bychainwire
31 July 2025
0

Pepescape Crypto Presale Raises $1M as Ethereum Eyes $6K, Community-Owned Exchange Gigacex Unveiled

bychainwire
30 July 2025
0

Blockchain for Good Alliance Leads Global Digital Cooperation at UN IGF 2025

bychainwire
29 July 2025
0

Queens Park Rangers and TokenFi Announces New Partnership

bychainwire
29 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

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
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00