thecryptobasic.com
Cardano Foundation has outlined significant progress across key areas as part of its ongoing mission to drive global adoption of the Cardano network.
The progress comes just over a month after the Cardano Foundation unveiled its roadmap for global adoption of the network. On September 23, the nonprofit organization published an X thread, highlighting how it plans to deploy resources to strengthen the Cardano ecosystem.
The roadmap centers on decentralized finance (DeFi), stablecoins, governance, real-world assets (RWA), and overall ecosystem growth. It earmarked tens of millions of ADA to enhance stablecoin liquidity, allocated 220 million ADA to new DReps, supported DeFi liquidity initiatives and promotional expansion, dedicated 2 million ADA to the Venture Hub, and committed over $10 million toward real-world asset (RWA) tokenization.
The organization has also begun recruiting technical and ecosystem specialists to support Web3 integrations and enhance developer engagement.
RWA Tokenization
The Foundation’s efforts in RWA tokenization also continue to gain traction. Following alignment with x402 sponsors, the Foundation reported that it is finalizing and implementing standardized frameworks for tokenizing RWAs.
This initiative aims to establish robust standards for transparency, interoperability, and practical adoption of RWAs on the Cardano blockchain.
DeFi Ecosystem
In the DeFi space, the Cardano Foundation has completed vendor selection, along with the signing of structural agreements, although specific details remain confidential for now.
Meanwhile, the Foundation is also finalizing key performance indicators (KPIs) and other performance metrics to track progress, ensure accountability, and maintain the integrity of Cardano’s DeFi initiatives.
Blockchain Education Initiative
On the education front, the update disclosed that the joint Cardano and Binance Academy program has officially gone live. This offers accessible blockchain learning to a global audience.
Notably, this educational initiative has already recorded massive success, with over 32,000 global learners completing the course since its launch.
Additionally, the Cardano Foundation announced the rollout of new educational resources. These include video materials and courses, designed to enhance blockchain literacy further and demonstrate Cardano’s real-world applications.
Governance Decentralization
The announcement also highlighted progress in governance decentralization. Having finalized the list of DReps and methodology, the foundation disclosed that the next phase — delegation — will commence before the end of this year.
This move will further enhance Cardano’s push for a fully decentralized decision-making process within the ecosystem.