The Protocol Development Fund is one of the most impactful additions to the Canton Network ecosystem this year.
Unveiled by The
@CantonFdn in February, the Development Fund is purpose-built to drive utility and value for the network at large, and foster
@CantonNetwork's burgeoning ecosystem.
The fund's launch was approved officially as part of Canton's robust governance process and it has already allocated some 45.5M $CC across 9 different teams - But this is just 22% of the fund's committed capital, leaving plenty left to deploy.
Even the fund's allocation process is democratic in nature, with funding proposals evaluated by an official Tech & Ops Committee, made up of member companies from across the ecosystem.
[Data:
@cantonnews_org]