Cardano Foundation DRep changed the vote to "Approve" to support the treasury withdrawal for free CDN.

ForesightNews · 2025-08-15T02:00:10+00:00

The Cardano Foundation's DRep changed the vote to "yes", supporting the extraction of 605,000 ADA for the developers' free native asset content distribution network (CDN) proposal. The initial "no" was based on financial concerns, but those concerns were resolved after the NFT CDN team provided additional information. The proposal aims to address the high cost issues for developers and gather data for a sustainable path in the future.

ForesightNews

2025-08-15 02:00:10

Abstract generation in progress

According to Foresight News, the Cardano Foundation DRep has changed its vote to “in favor” of the proposal to “withdraw 605,000 ADA to provide developers with a free native asset content distribution network (CDN).” The initial “no” vote was based on financial and funding concerns, but additional information provided by the NFTCDN team has resolved these concerns. The proposal includes offering 18 months of free native asset CDN services for all Cardano developers to address the high costs they face. The NFTCDN team provided clear budget estimates for salaries and infrastructure costs; the 18-month strategic period will collect data for DReps to vote on three sustainable future paths (Open Source, Decentralization, or hand over to a non-profit organization); Project Catalyst does not have a suitable funding category for such infrastructure projects, hence the choice of treasury withdrawal process. DRep believes this proposal is a reasonable and strategic public infrastructure investment that offers long-term sustainability and immediate value.

ADA-2,04%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes