Cardano’s Project Catalyst is changing hands and the pause is forcing builders to face a brutal funding gap

Cardano’s community funding pipeline just stopped mid-cycle. Project Catalyst, the on-chain grants mechanism that has distributed over $150 million across 2,200 projects since launch, recently announced that stewardship is moving from Input Output Global to the Cardano Foundation. Additionally, Fund15 and Fund16 won’t proceed in their proposed form until the transition completes. The Catalyst team will migrate to the…