Cardano Cancels 2026 Summit Due to Lack of Community Support in Vote

Decentralized Representatives Reject Budget. On May 30, the Cardano Foundation announced the cancellation of the planned 2026 Cardano Summit, as it did not receive the required two-thirds majority approval in the community vote. The proposal to raise approximately 7.8 million ADA (equivalent to 290 million yen) for the summit was rejected with only 65% support. The Cardano Foundation has stated the following: ...