Cardano to Launch Fund13 on September 26th, Allocating $16.5 Million for Top Proposals

According to Golden Finance, Cardano will launch Fund13 on September 26th, allocating 50 million ADA (equivalent to $16.5 million) to fund top proposals. The community will have the power to decide which ideas receive funding through a democratic voting process, consistent with the Catalyst governance model.

Proposers will have three weeks to submit their ideas, with the submission window closing on October 10th. However, Cardano partners will have an extended deadline until November 7th, giving them more time to finalize their proposals.

The community voting for Fund13 will take place from November 28th to December 12th. The funding categories have been slightly adjusted from the previous round, with six categories now available. These include four general categories open to everyone (Developers, Ecosystem, Concepts, and Products) and two exclusive categories for Tier 1 partners (Enterprise and Growth).