According to Hoskinson, these efforts have brought billions in Total Value Locked (TVL) and millions of transactions into the Cardano network.
Moreover, he noted that his push for rapid development and significant marketing efforts, including appearances on popular shows like Shawn Ryan’s, has expanded Cardano’s reach to new audiences, including 19 million potential users.
In response to criticisms from online trolls and what he called “Charles Drangement Syndrome,” Hoskinson argued that the broader Cardano community remains unaffected and is thriving.
Considering this, Hoskinson emphasized to the critics that:
“You lost. I’m here to stay in Cardano. Deal with it.”
The firm stated that the fund would support upcoming Cardano upgrades, including improvements to scalability through Hydra and Ouroboros Leios, enhanced security with Mithril, and streamlined user interactions via Nested Transactions and Project Acropolis.
Tim Harrison, EVP Community & Ecosystem, said:
“For the first time, core protocol development is being funded directly by the community. This vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem.”
Meanwhile, Intersect, a Cardano community group, will oversee fund distribution.
Input Output has also committed to providing regular updates, including monthly development reports and quarterly financial summaries, to keep the community informed on the project’s progress.
