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Cardano: These are the projects that are competing for 2 million ADA

The Cardano Effect has presented 3 candidates from the project Catalyst. The selected projects will receive $250,000 or 2 million ADA from Cardano Fund2.

The development of Cardano Voltaire era continues to progress. Therefore, the Cardano community is working together to create governance mechanisms. One of the most important is programs the project Catalyst. In a new edition of the podcast “Cardano Effect”, 3 of the projects for the program have now been presented.

Catalyst is funded by Fund2 which will grant 2 million ADA ($250,000) to the winning project. As such, Catalyst can be defined as “the early deployment experiment” of the Voltaire era governance model. Its ultimate goal is to give control of Cardano to ADA holders. The program consists of stages that will last “several weeks” and will conclude with a community vote.

Who are the candidates for project Catalyst of Cardano?

The first project presented in the podcast was “Free Commerce”, an open-source platform that proposes to eliminate the intermediaries between providers and consumers of a product or service. Within the project, the Cardano blockchain will be the gateway to e-commerce that operates without fees. Furthermore, the project seeks to integrate ADA payments into “all e-commerce platforms”.

However, in its initial phase, the e-commerce platform would be integrated only with Shopify Store and would allow “ADA to flow from buyer to seller”. Therefore, they would launch a Shopify application that would give their users access to 500,000 online stores worldwide. Purchases in these stores are estimated to generate $800 million in sales per second.

This project seeks to receive funding of 724,437 ADA for its first year of development. The solution will not require users to open accounts, it will work on a “wallet to wallet” basis:

In short, our solution works as a mere observer of transactions made from one or more (customer) addresses to another from the...
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