Cardano Foundation Addresses Criticism Over Ecosystem Role

According to PANews, the Cardano Foundation has responded to concerns and criticisms regarding its role within the blockchain network ecosystem. Recently, the foundation faced scrutiny due to internal conflicts and the marginalization of key contributors, including Cardano's founder, Charles Hoskinson. Additionally, its role as a delegate in the Catalyst Fund 13 has drawn attention. On December 16, the foundation released an official blog and FAQ on the Cardano forum to clarify its position. The foundation reiterated its active participation in the Catalyst project, emphasizing its commitment to decentralization, governance, and sustainability. Regarding fund voting, the foundation stated its focus on supporting projects aligned with these priorities, highlighting the importance of long-term sustainability, decentralization, and governance. However, voter participation in the Catalyst project remains low, with only 4.8 billion ADA registered for voting, significantly less than the 35 billion ADA in circulation. The foundation holds 180 million ADA, accounting for just 3.75% of the registered voting rights, but it has pledged to enhance future voting transparency, establish more precise voting and ADA allocation standards, and encourage other stakeholders to follow suit to ensure balanced decision-making. Additionally, the foundation plans to release a technical blog explaining the voting process. In response to its relationship with Input Output Global (IOG) and its stance on the Cardano charter, the foundation acknowledged IOG's contributions but emphasized its support for the charter and ecosystem goals. This response comes after Hoskinson questioned whether the foundation aligns with Cardano's vision and expressed concerns about the foundation's activities, including the approval of the network budget.