Cardano Governance Group Proposes $23 Million Funding for Infrastructure Support

Cardano's governance organization, Intersect, has introduced the Cardano Critical Integrations V2 proposal, seeking 23 million ADA for the second year of infrastructure support. According to Foresight News, the funding will be used for the maintenance, enhancement, and delivery of key projects such as Circle (USDCx), LayerZero, Pyth, and Dune, along with the addition of Fireblocks native integration. The proposal was jointly submitted by the Cardano Foundation, Input Output Group, EMURGO, and Midnight Foundation through the Pentad structure, with Intersect serving as the administrator without voting rights. The proposal is currently in the community voting phase.