Input Output HK, a development company tasked with Cardano (ADA) blockchain solutions, has announced the results of Fund2, the second stage of a unique community-driven initiative. It supports the most promising early-stage products that work on Cardano (ADA) adoption.

$250,000 in ADA go to winners, more events to come

Mr. Charles Hoskinson, CEO and founder of Input Output HK, congratulated all winners of Fund2, the first stage of Project Catalyst with real ADA rewards. Eleven most valuable and interesting concepts will receive their prizes.

Mr. Hoskinson explained what is interesting about every project in the winners list. He also invited some teams for personal interviews.

The next stage of public funding program, goes live today, on Jan.13, 2021. It will be focused on dApps development.

According to the official blog post covering the results of Fund2, in 2021 ‘million of ADA’ will be available for funding of the winners of community-driven Cardano (ADA) initiatives.

Focus on education and development tools

The organizers stressed that some projects are in ‘yellow zone’: they were approved by the community but the endowment didn’t have sufficient funding to support them in Fund2. All of these projects are invited to re-submit their proposals in Fund3.

Generally, two sorts of project were named the winners of Fund2: education initiatives and developers’ experience proposals.

For instance, Haskell/Plutus/Marlowe education project is focused on spreading the word about the programming languages utilized by Cardano (ADA). Same objectives are maintained by Lovelace Academy for Marlowe and Plutus.

Also, Liqwid, one of the first DeFi experiments on Cardano (ADA) blockchain, is in the list of Fund2 winners.