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Cardano risks losing research funding after Japanese delegates reject key proposal, threatening its academic edge.

Market News
21 May 2026
Blockonomi
View Source
Bearish
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Cardano founder Charles Hoskinson warns that the blockchain's reputation as a research-driven platform is at risk after Japanese delegated representatives overwhelmingly rejected a crucial funding proposal by Input Output Global (IOG). The proposal aimed to support ongoing research in scalability, cryptography, and quantum-resistant security but faced 82.2% opposition. Without this funding, essential research labs may close, potentially causing a loss of researchers and innovation bottlenecks. The decision deadline is June 8, 2026, and the outcome will significantly impact Cardano's commitment to academic rigor and long-term technological development.

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