July 2024

Catalyst Horizonst.me/cardanocatalyst@Catalyst_onX

bit.ly/catalyst-discord

projectcatalyst.ioForeword

Project Catalyst has ignited a revolution of decentralized innovation and distributed decision-making. A
launchpad for hope, an engine for growth, and a journey fueled by passionate builders, toolmakers,creatives, and engineers. All united to advance the Cardano ecosystem.

Catalyst's mission is to democratize innovation on a global scale by providing a transparent, communitypowered platform that connects underrepresented talent with the resources they need to bringtransformative ideas to life. By bridging the gap between brilliant minds and essential funds, we envision afuture where diverse communities make collective decisions and create economic agency that actively
shapes their world. 

Today, Project Catalyst has turbocharged over 1,600 projects across 114 countries, providing crucial
funding and utility by voting with ₳da to incubate early-stage innovations, hack the (eco)system, and findreal world use-cases ripe for Web3 disruption. 

The Cardano ecosystem is incredibly dynamic. For this first report we offer just a snapshot of Catalyst’s
current achievements while recognizing the community’s vast potential for growth. Let’s dive in andcelebrate all who are shaping the future of Cardano.

Kriss Baird

General Manager, Catalyst Team
projectcatalyst.ioProject Catalyst
funding network
Catalyst’s evolution centers around a core ethos of theCardano community: that decisions about the ₳daeconomy be made in the open, transparently, and in amanner that aligns with the will of its people.
Sounds crazy, right? 

Well that’s because humanity has become accustomed
to centralized institutions dictating rules. Don’t believe
us? Take a look for yourself. The state of the Catalyst
network demonstrates what can be achieved whenhuman potential converts into innovation energy.

46661

6

28

2

101

1221

55

19
5
23

102

22

57

1455

356

43

4

7
5

4

16

102

10
20

5

3

4

8

15

8
1

5

3

5

41

13

4

99
929

2

12

7

11

2
3

3

₳223,674,261
Allocated₳118,365,180

3

14

13

5

1046

5

12

2

Distributed

11639 Funded Projects

Voted and approved by the Cardano community*

32

11922

559
20757

Active projects

114882Completed projects

Unique countries receiving ada  from Catalyst funding

Continent

EuropeNorth America

Asia

South America

AfricaOceania

Project count568

451

320

14010852*Correct as of July 1, 2024. Excludes Fund12 voting data

projectcatalyst.io

Project Catalyst  
Funded Project distribution by continent

global analysis
Oceania
What started as an experiment in community-driven decision making and ecosystem funding, has evolved Project

AfricaCatalyst into a global network of builders creating a vibrant startup scene. Through Catalyst, the community has
3.1%

voted to allocate ₳ funds across every continent, unlocking new models for driving and returning value directly to6.6%

South America

communities to scale economic prosperity.

We hope to provide valuable perspective on Cardano’s startup landscape that can be used to make suggestions for

8.5%

good ecosystem governance or as an aid for entrepreneurs, investors, policymakers, and other stakeholders

Europe34.7%

looking to drive innovation in the Web3 economy.

Asia

19.5%

Funded project distribution by continent and group
180

27.5%

160140

North America

Number of projects

120100Community & outreach

Identity & security

DeFi

Interoperability

Development & tools

NFT

Education

Real world applications

Events & marketing

Smart contracts

GameFi

Sustainability

80

60

4020
Governance0Africa

Asia

EuropeNorth America

OceaniaSouth America

projectcatalyst.ioProject Catalyst  Group

global analysis cont...
In an effort to identify and qualify impact, every funded project has been tagged and grouped toProject count

Tags

Governance

128

Governance, DAO

Education

182

Education, Learn to Earn, Training, Translation

Community & outreach

295

Connected Community, Community,

allow our team to uncover trends. The borderless nature of Project Catalyst enables thecommunity to discover under-represented areas, leverage regional strengths, and create

Community Outreach, Social Media

opportunities to drive economic agency that furthers regional development growth initiatives.

D

37

Identity & security

121

evelopment & tools

2

Funded project growth over time by continent

p

IR

If
UX PP&V fb

Develoer Tools, Layer 2, L2, n rastructure,

Analytics, A ,Identityesearch,eri ication, CyP

Authentication,
130

D

129

eFi

120

110

XPDe i, DE,

eal world applications

118WServices, ERChain,
90

Number of projects

kEvents & mar

70
Europe60

Interoperabilit
North Americaetingy59

4350
Oceania40

Syustainabilit

South America

30

Smart contracts

20

GameFi

10012345

67

8

9

10

11NFT

3974
43
36

H
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eal Estate,

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B

inancial

usiness Services, Supplyealthcare, Tourism,k z

H kac athons, Accelerator,

ator

Cross

PisA, Music, To eni ation

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commerce,

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ersecurity, Security,ayments, Sta

Management,R100FT-Ip bchain, nteroera

ff-ility, Ochain, Legal,

olicy Advocacy, Standardsb

Sustaina

ility, Environment, Agriculture

Smart Contract, Smart Contracts, Audit, Oracles

Gaming, Gaming
Metaverse,NF

NF

T, CPF)(Game i , Entertainment,

lay to Earn

T, Collectibw

les, Digital TinFund

jly .

pro ectcata

st ioVotes cast per fund ₳n ₳da economy realized(2.77M votes cast)

450,000

Community network actions are at the heart of Project Catalyst

410k

400,000

364k

350,000
4

have produced 7,168 proposals  have made 76,672 proposal reviews thatthat reached the voting ballots

1,676 funding transactions,551 community reviewers

offer opinions informing voter decisions₳ 8,262,869 in comps
has been distributed in community

Catalyst has processed 1,676 transactions withcompensation for governance activities ineach one containing up to 200 unique wallet

Project Catalyst*

addresses distributing ₳ to funded projects*Includes community reviewer L0-2, CA, PA, Proof of Lifeand eligible community contributorsverifiers, PoA milestone moderators, Challenge Teams.
Excludes Voter rewards

27 completions per monthis the average rate of funded projects signed
off as complete with evidence of deliverables
by community moderators and Catalyst team

1,017 proof of achievements

plus 4 online venues hosted Catalyst
community workshops in Q2 to explore

250,000

216k

237k

200,000
150,000

120k

100,000
50,000
023k
Fund3

Fund2

Fund4

Fund6

Fund5

Fund7

Fund8

Fund9

Fund10

Fund11

Fund12

Active ₳ staked and used for Catalyst Voting Power*

opportunities to enhance the ecosystemand shape future funding priorities

192 hoursof Catalyst Town Halls have aired on

been submitted since Fund9 introduced newW

ednesdays at 5pm UTC

incentives for community to keep funded

35 break out rooms₳2,500,000,000₳2,000,000,000₳1,500,000,000

8hosted by community in after town halls₳155,000 budget

257k

250k

287k

22 working group cities

verified by 58 milestone moderators haveprojects honest and held to account300,000
Votes cast

2,360 unique proposers

308k

292k

₳1,000,000,000

since 2021

2,841 mentions on X

was the average amount requested by9proposers of 300 Fund11 funded projects

between July 1, 2023 and June 30, 2024

₳500,000,000
0

Fund4

Fund5

Fund6

Fund7

Fund8

Fund9

Fund10

Fund11

Fund12* Voted on at least one proposal on the ballot

projectcatalyst.io

Catalyst spotlights
While we can’t spotlight all 900 completed projects, we think these projects provide aglimpse into the outcomes, achievements, and return on investment of everyone
participating in Project Catalyst.

TapTools: All-in-one platform

Thanks to Catalyst funding, TapTools has revolutionized the₳ 579,203F9: DApps, products and integrations

Funding

Cardano ecosystem, offering an all-in-one platform for data
analytics, trading tools, and market insights. Our projects have

Solution:

empowered hundreds of thousands of users with reliable

TapTools is a comprehensive asset tracking platform for the Cardano ecosystem

information and powerful tools, driving real-world adoption
and trust in Cardano. Catalyst has been pivotal in our success.

Outcomes:

Funding delivered core features to the community: price data 

Alec Myers

Co-founder and CEO at TapTools

Analytics tool, portfolio tracker, token distribution and NFT creator-payment gateway.
Cardano users can manage their cryptocurrency portfolios and wallets, monitor live
token prices and interact with DEX tools, all in one platformDeFi
projectcatalyst.ioCatalyst spotlights

Ledger Live Integration₳ 1,157,845

F7: Open Source Developer Ecosystem

Funding

F9: DApps, Products and Integrations

Box Lokole Numérique₳ 60,129

F10: Products and integrations

Funding

Solution:

Solution:

An open-source Ledger Live integration enabling users access to operations between

A Cardano digital education library without internet.

the Cardano Blockchain and Ledger Live devices.

Outcomes:
Outcomes:

A device top mrofi
4 GB,
f m OG,
pf m

ote the Cardano blockchain andwhere there is no or low internet coverage.

00

Guild, Cardano dev house Strica.io and Ledger.com continues developing invaluable

Cardano video learning resourcesand other entities

cold wallet capabilities. Allowing any of 5 million Ledger users to stake their ada toCardano stakepools, maintaining the security and decentralization of the Cardano‘B xmmoco

LokoleN muq ’eriue devicesto sI

read in orcomp

This remarkable collaboration between the Cardano community’s Ambassadorsrof

nancial inclusion in A rica in areas
rising over,

3f
25000 hours owere loaded into

ation about Cardano tounities where there is no internet connection.

network.

WalletsEc

duationpr j

a ay .

o ectctl

st ioCatalyst spotlights

Project Catalyst funded the TribalDIDs team of 13 to engage

Tribal DIDs = Indigenous sovereignty

support from 350+ participants and partner organizations
including New Zealand government departments and₳1,108,149

F9: DApps, Products and Integrations

Fundinguniversities to deliver a digital identity proof of concept thatempowers Māori communities to reclaim their sovereignty.
With the secure, culturally-aligned identity and tribal registry
solution 23 Hāpū are now able to manage historic claims torecover wrongfully confiscated land and assert their collectiveSolution:

Millennia-old tribal identity systems are not yet recognised by institutions creating
national digital identity systems, which excludes indigenous populations, pre-colonialnorms, rules, rights, and sovereignty.

identity. A powerful testament to indigenous selfOutcomes:

determination, aided by Cardano, its community, innovation
On-chain, digital identity tribal registration built with and by the Whangaroa

fund, and technology stack.

Papahāpū community to reflect tribal protocols, including the creation of digital dataand identity governance processes. 

Jo Allum

Completed an additional 20 collaborative sub-projects including 6 with New Zealand
Government ministries and their officials plus 2 universities for Computer Science,

Yojo Design

Indigenous Research, and Design.

Identity
projectcatalyst.ioCatalyst spotlights

Rare Evo Web3 blockchain events

A zero knowledge proof (ZKP) framework for Cardano
based on Hydra and ZK-SNARKS₳1,460,543

F9: DApps, Products and Integrations

Funding

F10: Catalyst Open

F11: Cardano Open₳75,000

F10: Development and Infrastructure

Funding

Solution:

Fully-funded community blockchain expo to drive cross-chain industry attention andSolution:

draw in new community members from outside the Cardano ecosystem.

ASNARK ,bhs

Outcomes:

Rare Network’s inaugural Rocky Mountain RareBloom turned into promoting Project
Catalyst around the world, hosting 4 exotic community meetups, collaborating withthe Catalyst Team in Barcelona on Catalyst Working Groups and Fund12 launch,
before rolling the dice to co-produce Cardano’s largest community-funded event todate for 2,000 cross-chain industry professionals. 

The Catalyst Stage is getting set at Rare Evo 2024, August 15-17 Caesars Palace, Las Vegas. Cardano community cannot wait.

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o ectctlst ioThank yout.me/cardanocatalyst@Catalyst_onX

bit.ly/catalyst-discord

projectcatalyst.io