Hi guys,
I am thinking for a while about the projects that we will decide to fund on any annual budget.
Just to make it better and more “added value” and “real world” oriented, should we maybe also work on a simple guide line/chekclist that any project that is requesting funding has to go trough.
i wish this topic could be a really open discussion; the pre-request could be for example:
- Real world utility objective. ( if this just useless, no need to allocate anything):
In place of creating shit coins, or projets that no body really uses, lets use this budget to fund real life and use full app “powered by cardano”; here some ideas of project that could make sens to allocate budget :
- Decentralised banking app power by cardano/hydra… with stable coins/gold backed coin and ada for everyday use. secured by cardano ( as for midnight) . We can also imagine a payement terminal that accept our cardano based payement network (CBPN) and VISA/mastercard. And once that is working, then focus on defi…not the other way around…
- Decentralised could services ( IAGON) but that should be full compatible with cardano network and make it as easy to use as dropbox, or amazon cloud… (files coin etc are still too complicated to use today…)
- Same for DID (Atala prism). and Eventualy work with government to crate a process to make any country that wana join easy to do.
- For Atalaprism/Iagon etc, we ( as ada holders) could also own shares (as tokens for examples). As we will use ada funds that we will be put in circulation, it is equivalent as inflation/tax for all ada investor. So if ada community decided to fund a projects, it is normal that it get something back in return for the risk it takes…
- Decentralised news paper platform/streaming( in place of youtube…)
- Decentralized internet service providers ( partnership with WMT?)
- The projects that are funded could be “owned” at a certain level by all ada holders that are staking as for a traditional fund raising. That could be, for example, via the token supply distribution.
- why not creating a more formal DAO or platform that managed “ada based start-ups”. Evaluate investment performance ( KPIs) etc? I think that could be a good little investment ? Or maybe use a kind of delegated rep specialised in business cases and projects analysis ?
- maybe give priority to projects that use ada as main token or security. For example : I create a business with it is own share holders in a traditional way and i develop an app that used ada network and stable coins on Cardano. No useless " governance token" in this case. And the access to the service can be paid in ada or stable coins for examples.
I say this, because in many cases, new token are not needed…
- decentralised Mailing system where a very small fee is required per mail? ( all spam will be dead)
so here just some ideas. we can discuss about it. but i think cardano is a “serious” blockchain, lets fund only really useful, everyday projects.
and maybe lets work on a guidline/recomandation for any project that want to be funded by Cardano funds.
what do you think about it guys?
regards,
yassine
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Your list only contains commercial applications: with no allocation or recognition for standards, education, or regulatory issues. Do you think any blockchain can survive in the long term without a standards process… and without funding for education of new users & better documentation & training for developers?
There are also less tangible projects that would support decentralised cooperation to help avoid regulatory scrutiny, and perhaps other categories that need funding but won’t produce a product, application, or token.
You would need to either add these categories to your list or make the declaration that only commercial projects should get funding. Then you would have to explain why it’s OK that the resulting commercial development & interest in the funded projects might eventually move to another ecosystem when the funding runs out, without education or cooperative standards to keep them engaged here.
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Hi everyone. Nice conversation.
My name is Sebastian Pabon, I’m part of the Gimbalabs team, a Cardano startup that has been working in the areas of education and infrastructure development since Project Catalyst fund 1.
In our experience, we can assert that Education is one of those internal processes necessary to achieve the business purposes pursued. This phenomenon is accentuated when we talk about an emerging technology like Blockchain, and it is even more accentuated when we talk about a project like Cardano that is still fighting its place among the constellation of existing blockchain projects.
One of the strengths of Education, and why it earns its place in the budget, is that it has the ability to connect the dots between developing technologies within an ecosystem, serving that activity coherently on the table for investors, consumers, and the market at large. Individual projects will prioritize their offerings over other efforts, education will offer the articulated vision of what is in production and how the Cardano blockchain can be an attractive area of investment in terms of money, time (a key factor considered by high-level devs), and the intangibles that make businesses engage other businesses, investors engage other investors, developers engage other developers.
In conclusion, if you want to get to the pot of gold coins you are aiming for, Education is that Daemon that must not be turned off. And if you want quality, production level education, you have to pay for it.
Of course, the Education to be financed must be one that is constantly in tune with what is happening in the ecosystem, that keeps pace with the latest standards, tooling and developments in general, with a nose for where the potential is.
Happy for being here.
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Hi guys,
Actually I agree that education is the basic of anything.
For sure my list is by far not exhaustive and not by priority 
Education wise, would we build a kind of online cardano academy/university with clear short videos, tutorials etc ? And make it accessible to any dev that want to work on it?
@Minotorus it sounds like you are talking about the Cardano Developer Portal, which has existed for years:
With an archive of documentation about how to use Cardano and its common development frameworks, it includes third party components (“Builder Tools”) for developers, plus tools for users to learn about Cardano’s features and representative applications (“Showcase”). People starting from here would be able to learn all about the Cardano ecosystem as it expands.
Any developer or writer can submit content to it: see How to contribute & submissions so far (over a thousand).
Early on there were a couple series of training videos here, but it’s nearly impossible to keep videos current as features evolve so quickly. Some of the long time educational providers (like Gimbalabs above) will likely have video material linked from their own programmes.
Cardano’s CIP standards process — which builds the value of Cardano by promoting cooperation to develop the assets and components you were originally talking about — is also built on public contribution and participation. Any member of the community can produce or review these standards documents, which also educate the public about emerging Cardano features. You can learn all about that process here:
Cardano Improvement Proposals (CIPs): Wiki