Innovation and collaboration were two of Project Catalyst's founding principles. Through each funding round, Input Output Global, Inc. (IOG) facilitates Catalyst to support those whose projects and ideas can make a positive, real-world impact.
IOG believes in empowering people to explore and develop their ideas. This collaboration leads to cascading innovation and growth and often opens life-changing new opportunities.
Project Catalyst has achieved many great things. It has received and processed over 6.1k proposals, reached over 1.7 million votes, and funded around 1.2k projects (800 in 2022 alone). These achievements are a testament to the passion and belief in Project Catalyst and the Cardano ecosystem.
Fund9 results
Project Catalyst is also trialing milestone-based reporting for funded projects. Funded projects in the Dapps, Products, and Integrations Challenge, and projects that requested funds with a value ≥$75k, must now report requirements based on clear milestones and provide a statement of milestones and proof of achievement to continue receiving funding.
Moving to a milestone-based reporting mechanism reinforces belief in the project and demonstrates progress to the community. In addition, it is an extra layer of protection for the Cardano Treasury and the community, ensuring that projects deliver as planned before receiving the amounts requested.
Cooldown period: time to pause and reflect
As Fund9 draws to a close, there’s a broad recognition that processes need to mature, be simplified, become more autonomous, remain inclusive, and continue demonstrating value to the broader Cardano ecosystem. As a result, some crucial changes and updates are on the horizon.
Slowing down allows Catalyst participants to look at the processes, reflect upon improvement opportunities, and iterate forward meaningfully. One of the significant reasons to have a cooldown is to allow for that collective clarity without rushing toward the next deadline. Let's focus on a set of outcomes instead.
Considering the above, Fund10 has no start date yet. So instead, Project Catalyst will take stock of all signals and experiences before moving on to the next funding cycle. Upcoming blogs will discuss changes and lay out future plans.
Future iteration and communication
Project Catalyst is an organic organism relying on individuals to come together and innovate toward a common goal. Therefore, it is vital to remain fluid and dynamic to meet the demands of an ever-changing and fast-paced environment. Charting a course toward a goal becomes easier if there is a clear destination. The most important part of this process is communication between all relevant and interested parties.