On Wednesday, the Cardano Foundation- a not-for-profit entity responsible for developing and maintaining the Cardano network- released its first-ever Financial Insights Report. It detailed how it spent funds in 2023, totaling $19.22 million across operations, education, and adoption. Furthermore, the foundation spent another $4.55 million on its core operational expenses. Cardano Foundation Invests $19 Million The post What’s Inside the Cardano Foundation’s First Financial Report? appeared first on CoinGape .