What to know:
- Pray attend: The Cardano Foundation saw fit to invest the handsome sum of $22.1 million last year – a figure so grand one imagines even Lady Catherine would raise an eyebrow. All for the noble causes of adoption, operational resilience, and education (how very modern!).
- Of this, $15 million was lavished upon “real-world blockchain applications”—an endeavour which, one presumes, satisfies even the most demanding mother-in-law.
- The Foundation’s assets now amount to the truly exalted figure of $659.1 million, guarded jealously in ADA (76.7%, such confidence in one’s own fortune!), BTC (15%), and in the most prosaic of forms, cash (8.3%). One hopes the butler is discreet.
It must not be supposed that the Cardano Foundation, an establishment devoted to the gentle art of developing and sustaining the Cardano network, is economical to a fault—nay! For it expended $22.1 million upon its three core engagements last year, which is, if anyone cares to keep the household ledger, a rise of 15% from the previous period of 2023. Lady Lucas herself could not be so liberal with her vouchers at the milliner’s!
Such a windfall was distributed—with all the care of Mrs Bennet allocating ribbons—among adoption, operational resilience, and education. Should any wish for further particulars, they may consult the mysterious “on-chain” volumes via Reeve, the Foundation’s very own Oracle of Delphi.
The family fortune (as measured by the value of their crypto) rose handsomely from $478.24 million to $659.1 million, thanks to the upwardly mobile price of bitcoin, now composing about 15% of the estate—an increase sufficient to make even Mr Darcy take notice! ADA has grown by a modest 42%, yet saw its portion of the family jewels slip from 83% to 77%. Perhaps the cook has been dipping into the stores? 🤭
“Our chief source of income arises from staking rewards,” the Foundation declared, “with 17.1 million ADA in 2024—yielding a most satisfactory 2.7% return.” How the neighbours must whisper! The delegation strategy, naturally, favours those pools who contribute “meaningfully”—one’s fortune must be in good company, after all—solidifying the Foundation’s reputation as the rectitude of Cardano’s decentralized gentry.
More than half the annual expenditure, some $15 million (enough for a dozen fine carriages!), was directed toward initiatives rumored to involve NASA, Barcelona FC, and the United Nations Development Programme. One imagines the dinner parties were quite extraordinary! 🚀🌍
Operational resilience, too, was not neglected—a modest $3.8 million secured such amusements as the launch of an open-source Cardano.org salon, and the introduction of a protocol of such complexity it connects Cardano to 115 other blockchains. Papa, pray fetch my smelling salts!
By the year’s end, the organization numbered more than 100 worthy souls in its employ—a staff size that could put even Netherfield’s household to shame.
As Mr. Gregaard (the Foundation’s own Mr. Darcy, perhaps—though with rather less brooding) told the chroniclers at CoinDesk, “We are stewards of an open-source ecosystem, attending not only to our triumphs, but to how we manage our purse—a practice that, it is hoped, builds trust and insures our success for many years hence.”
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2025-07-10 16:40