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Cardano Founder Eyes $3–$10 ADA On Big Breakthrough

  • Cardano creator Charles Hoskinson is seeking approval for a budget that keeps his company, Input Output Global (IOG), at the center of the protocol's next growth phase.
  • Hoskinson believes this growth phase could propel ADA to between $3 and $10.
  • The budget, endorsed by a majority of elected delegate representatives, supports the funding of IOG engineers and research scientists, as well as work on scalability primitives and interoperability tooling.
  • If the budget is not approved, IOG may allocate resources to other ventures, including a privacy-focused partner chain called Midnight.

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