{"id":142162,"date":"2024-11-13T22:00:15","date_gmt":"2024-11-13T20:00:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142162"},"modified":"2024-11-13T16:36:51","modified_gmt":"2024-11-13T14:36:51","slug":"cardano-foundation-reports-almost-480-million-in-assets-and-key-investments-for-2023","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cardano-foundation-reports-almost-480-million-in-assets-and-key-investments-for-2023\/","title":{"rendered":"Cardano Foundation Reports Almost $480 Million in Assets and Key Investments for 2023"},"content":{"rendered":"
The report<\/a><\/strong>\u00a0offers transparency on how the foundation allocated its resources to key areas such as education, adoption, and infrastructure resilience.<\/p>\n As of December 31, 2023, the foundation\u2019s assets were predominantly held in Cardano\u2019s<\/a> <\/strong>native token, ADA (82.5%), with smaller portions in Bitcoin<\/a> <\/strong>(10.1%) and U.S. dollars. These funds primarily stemmed from an initial ADA endowment and ADA voucher proceeds. The foundation also dedicated $19.22 million to its strategic initiatives, including a $4.55 million operational budget aimed at enhancing its organizational capacity.<\/p>\n The report highlighted a $2.12 million investment in operational resilience, which is focused on ensuring Cardano\u2019s infrastructure is robust enough to meet institutional demands. This investment helped the network maintain an uninterrupted operation for over 2,000 days, supported the University of Zurich\u2019s decentralized governance tests, and facilitated the Valentine hard fork.<\/p>\n