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{"id":25855,"date":"2022-05-10T14:10:57","date_gmt":"2022-05-10T14:10:57","guid":{"rendered":"https:\/\/cryptocurrencypanther.com\/2022\/05\/10\/cardano-treasury-of-723-million-in-ada-is-decentralized-and-is-only-going-to-grow-charles-hoskinson\/"},"modified":"2022-05-10T14:10:57","modified_gmt":"2022-05-10T14:10:57","slug":"cardano-treasury-of-723-million-in-ada-is-decentralized-and-is-only-going-to-grow-charles-hoskinson","status":"publish","type":"post","link":"https:\/\/cryptocurrencypanther.com\/2022\/05\/10\/cardano-treasury-of-723-million-in-ada-is-decentralized-and-is-only-going-to-grow-charles-hoskinson\/","title":{"rendered":"Cardano Treasury of $723 Million in ADA Is Decentralized and Is Only Going to Grow: Charles Hoskinson"},"content":{"rendered":"


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\n\"article<\/a><\/p>\n
Yuri Molchan<\/a><\/p>\n

Charles Hoskinson has reminded the community about the Cardano Treasury, stating that it is only going to get bigger<\/p>\n<\/div>\n<\/div>\n

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Disclaimer: The opinion expressed here is not investment advice \u2013 it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.<\/p>\n<\/div>\n

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Replying to a tweet by dcSpark co-founder, the\u00a0creator of IOHK<\/a> and Cardano reminded the ADA community about the Cardano Treasury that supports developers creating on Cardano.<\/p>\n

The Treasury is decentralized and it is going to grow from the current $723 million in ADA, Charles Hoskinson stated.<\/p>\n

Sebastien Guillemot, dcSpart co-founder, tweeted that the company has been managing to focus on building its projects based on Cardano thanks to the aforementioned Treasury that currently contains three-quarters of a billion USD in ADA.<\/p>\n

It is not only dcSpark but other developers too who can work without being interrupted thanks to funding from Cardano.<\/p>\n

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Ads<\/p>\n<\/div>\n<\/div>\n

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And that’s only going to grow. Cardano has its own growth fund and its decentralized! https:\/\/t.co\/uzTUaciMPE<\/a><\/p>\n

\u2014 Charles Hoskinson (@IOHK_Charles) May 10, 2022<\/a><\/p><\/blockquote>\n

Last year, dcSpark announced<\/a>\u00a0that it was building the first side-chain for Cardano, which would enable the network to interact with other blockchains. Besides, dcSpart stated they were also working on Fracada.<\/p>\n

Using Cardano’s Plutus programming language, Fracada would allow turning NFTs into fractions<\/a>. This would allow those who cannot afford to buy an entire non-fungible token (which often costs millions of USD in crypto) to\u00a0get just a piece of it.<\/p>\n<\/div>\n