bitcoin
Cardano Lines Up An $80 Million War Chest: DDC Fund Goes Live
📰 sources⭐ 6.0
TL;DR:
The Cardano Foundation is backing an on-chain “info action” that would route up to $75 million from Cardano’s treasury into a new, Draper Dragon-managed ecosystem fund targeting a total $80 million raise, with a mandate to invest in Cardano-native startups while sending proceeds back to the treasury...
Key Points:
Background:
Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.
Why It Matters:
This development could influence ADA price action and market sentiment in the near term.