Withdraw ₳605,000 for A free Native Asset CDN for Cardano Developers
211 DReps voted · 70 with a rationale · 22 changed their vote · 4 re-voted unchanged
Open a row to read the rationale.
Changed votes: 21 to yes, 1 to abstain, together voting with 512.6M ₳ of voting power.
- Yes457.4M ₳No rationale
- Yes441.6M ₳Rationale
I voted based on the following seven criteria: Please refer to the PDF or spreadsheet for detailed reasons. 私は次の７つの投票基準を勘案して、投票を行いました。詳細な理由などはPDFまたはスプレッドシートを確認してください。
Roadmap Alignment（ロードマップとの整合）
Is it aligned with the Cardano roadmap? Cardanoのロードマップと整合していますか？Public Value（公共性・オープンソース性）Does it provide public value as an open and reusable resource? オープンで再利用可能な形で公共的価値を提供していますか？
Cost Effectiveness（費用対効果） Is the cost reasonable for the expected impact? 期待される成果に対して費用は妥当ですか？(Haggling can be difficult on timelines and exhausting for vendors./値切り交渉はタイムライン上困難かつベンダーを疲弊させる可能性があります。)
Feasibility（実行体制・リスク・スケジュール） Is the team capable and the plan feasible? チームは有能で、計画は実現可能ですか？
Socialization & Transparency（対話と説明責任） Has the proposal been openly discussed with the community? 提案はコミュニティと公開で議論されましたか？
No Conflict of Interest with Yuta（Yutaとの利益相反なし） Is there no conflict of interest with Yuta? Yutaとの利益相反はありませんか？
Alignment with Yuta’s voting policy（Yutaの投票ポリシーへの貢献） Does it contribute to Yuta’s voting policy and long-term vision? Yutaの投票ポリシーや長期ビジョンに貢献していますか？
ipfs://bafkreihwgw6xjnqzjaq5shmb6rn7amh7ba4urvwfh3iix53czf2b7q6m5i
https://docs.google.com/spreadsheets/d/1M8JAuAntJOa7Z6j3GfC2hWFl4kbZLkzEel_cN4-kymw/edit?usp=sharing
- Yes350.3M ₳No rationale
- Yes304.6M ₳Rationale
Summary
EMURGO as DRep votes YES on the governance action to fund A free Native Asset CDN for Cardano Developers.Rationale
Looking back, NFTCDN has proven itself as a highly reliable infrastructure provider, serving hundreds of million API requests with zero downtime. Its tools are already embedded in key Cardano products like Pool.pm, Eternl, and NMKR, showing clear real-world utility.
By offering this service free for 18 months, the proposal lowers technical and financial barriers for native asset adoption, an area central to Cardano’s growth in NFTs and RWAs. While the scope remains narrow, its infrastructure value is well-aligned with improving developer experience and end-user content delivery. EMURGO decides to support this proposal based on this rationale. - Yes278.5M ₳No rationale
- Yes216.7M ₳Rationale
TL;DR: EDC voted:
gov_action18ne...66459t: YES
gov_action13tf...qx0ecg: YES
gov_action13tf...nrw6t9: YES
gov_action13tf...0vdlhj: YES
gov_action13tf...ufvuyl: YES
gov_action13tf...tnrdnx: YES
gov_action13tf...ckzwqt: YES
gov_action13tf...yeptuu: YES
gov_action13tf...huqg03: YES
gov_action13tf...488pdm: YES
gov_action13tf...xzxz7k: YES
gov_action13tf...6d98zp: YES
gov_action13tf...fgyy3v: YES
gov_action13tf...f074ea: YES
gov_action13tf...t5eumh: ABSTAIN
gov_action13tf...c3clg6: YES
gov_action13tf...y7m65d: YES
gov_action13tf...hm6e8q: YES
gov_action13tf...30y0dn: YES
gov_action13tf...79xfzf: ABSTAIN
gov_action13tf...dq823y: ABSTAIN
gov_action13tf...0mqrnw: YES
gov_action13tf...u7pqqr: ABSTAIN
gov_action13tf...q3z9u5: YES
gov_action13tf...n5rx0e: YES
gov_action13tf...ywvhcq: YES
gov_action13tf...htd5td: ABSTAIN
gov_action13tf...tyw3h6: YES
gov_action13tf...cp0jyh: YES
gov_action13tf...66gmxa: YES
gov_action13tf...flfc4s: YES
gov_action13tf...4s2af8: ABSTAIN
gov_action13tf...x4t762: YES
gov_action13tf...7jt4x4: ABSTAIN
gov_action13tf...dh2k4c: YES
gov_action13tf...3cfnf0: YES
gov_action13tf...zags6z: YES
gov_action13tf...z29v77: ABSTAIN
gov_action193l...gl2qg0: YES;We refrained from voting NO on any of the actions, voted ABSTAIN where the majority of our team (7 people) determined that the impact wasn't high enough, the concept wasn't something we would want to support, or the action asked for too much.
Keep in mind, that voting ABSTAIN helps each effected proposal by lowering the absolute voting power needed to pass the action.
- Yes185M ₳No rationale
- Yes182.6M ₳No rationale
- YesChanged170.6M ₳Rationale
The Cardano Foundation DRep has changed its vote to 'YES' for the Treasury Withdrawal Governance Action “Withdraw ₳605,000 for A free Native Asset CDN for Cardano Developers.”
A PDF version of this rationale is also made available.
Our initial 'no' vote was based on financial and funding concerns, which have been addressed by additional information from the NFTCDN team, found in the reference materials.
This proposal funds a free Native Asset Content Delivery Network (CDN) for all Cardano developers for 18 months. This infrastructure solves a complex and expensive problem for builders, and the service is already trusted and utilized by key ecosystem projects like the Eternl and Vespr wallets. Making it free removes high-cost barriers, especially for low-revenue and non-profit projects.
Key points that justify this change:
- Addressed Financial Concerns: The NFTCDN team provided a clear budget breakdown for salaries and infrastructure costs based on current usage patterns.
- Clear Long-Term Strategy: The 18-month funding period is strategic. It will be used to gather meaningful data to allow DReps to vote on one of three sustainable future paths for the service: making it open-source, decentralizing it, or transferring ownership to a non-profit.
- Appropriate Funding Venue: Our initial assessment suggested Project Catalyst as a more suitable venue. However, the NFTCDN team clarified that no appropriate funding category exists in Catalyst for this type of infrastructure project, which led them to the Treasury Withdrawal process.
We now consider this proposal to be a suitably justified, strategic investment in public infrastructure that offers a clear path to long-term sustainability and provides immediate value to the entire Cardano developer community.
Earlier votes
No1y agoSuperseded
This document provides an aggregate rationale for the Cardano Foundation DRep’s votes on all Treasury Withdrawal GAs stemming from the approved “Cardano Blockchain Ecosystem Budget - 275M ada Administered by Intersect” (gov_action1u9x...k2phgh).
A PDF version of this rationale is also made available.
Our approach is designed to ensure both transparency and efficiency, applying a consistent evaluation framework (see here; the “Evaluation Framework”) to each proposal while presenting our reasoning in a single, comprehensive document.
Our current assessment remains consistent with the principles previously outlined in our public communications and our evaluation during the Ekklesia off-chain signaling phase. As no material changes have been made to the individual proposals since the overarching budget was approved, our votes on these withdrawals reflect our original assessment of them. However, we have changed our previous abstention on the Intersect proposal and our previous “No” vote for the Discover Cardano proposal to a "Yes" vote.
Fund administration clarity is a crucial consideration for our voting decisions. While this budget is approved as a package, we expect Intersect, as administrator, to manage funds diligently, provide public transparency on contracts, and ensure robust oversight, holding recipients accountable for deliverables.
Our voting decisions on the 39 treasury withdrawals are presented in the table below. The "Vote" column displays our votes. For all proposals requesting 3 million ada or more, our assessment is included in the "Note" column.
Table A – Voting Record
Governance Action ID Title Requested ADA Vote Note gov_action13tf...6d98zp 2025 Input Output Engineering Core Development Proposal 96,817,080 ABSTAIN We abstain from both the TSC and IO Engineering proposals for the following different reasons: For the TSC proposal, we abstain due to the lack of a credible execution path. Although we support the intent and approach and while we recognise the significant work that went into this proposal, the recent sudden withdrawal of administrative support by the Intersect board makes the proposal unfeasible, even if funded at this time. For the IO Engineering proposal, we abstain as we are not confident that the current version offers sufficient transparency or accountability to justify endorsement. Our concerns stem from the lack of adjustments following constructive community feedback, particularly regarding scope, cost-effectiveness, and safeguards. View Cardano Foundation feedback from 11 May here. gov_action13tf...ywvhcq Catalyst 2025 Proposal by Input Output: Advancing Decentralised Community Innovation Funding & Infrastructure 69,459,000 YES We vote ‘yes’ on this proposal as it is important to ensure continuity for the main source of grant funding for the ecosystem during a transition year for governance, especially as Project Catalyst is a funding system that the Cardano ecosystem is familiar with. As the proposal did not fully account for CF's initial budget feedback nor propose activities linked to resolving known shortcomings, we will be monitoring these areas ahead of any subsequent budget proposals by Project Catalyst gov_action13tf...hm6e8q Input Output Research (IOR): Cardano Vision - Work Program 2025 26,840,000 ABSTAIN We abstain from this proposal because we view key components of the proposed budget as materially too high, and previous feedback regarding costs and scope, including specific points raised by the Cardano Foundation on March 11 were not adequately addressed. View Cardano Foundation feedback from 11 May here. gov_action13tf...tyw3h6 A member-based organization for the Cardano ecosystem: Intersect 15,750,000 YES We adjusted our vote from ‘abstain’ to ‘yes’ on this proposal. This reflects our acknowledgement of Intersect's revised 15.75M ada budget, recognizing Intersect's shift towards leaner operations. Our initial vote to abstain based on the discrepancy between the on-chain proposal and the updated off-chain figures, which has been remedied now. We emphasize the importance of having accurate and updated details reflected directly on the Ekklesia platform for all future proposals to ensure transparency and streamline the DRep voting process. gov_action13tf...u7pqqr Cardano Builder DAO 12,000,000 YES We vote ‘yes’ on this proposal as it mitigates the dependency of Cardano on grants by exploring convertible grants to incentivise projects better. The proposal identifies and addresses the gap in post-Catalyst funding for projects needing follow-up support in focusing on achieving product market fit instead of optimising towards grant writing. gov_action13tf...dh2k4c TWEAG’s Proposals for multiple core budget projects for Cardano 2025 11,070,323 YES We vote 'yes' on this proposal as we believe supporting diverse contributors increases the resilience of Cardano, and as the proposal demonstrates a collaborative approach, accountability, and an appropriate engagement framework. gov_action13tf...q3z9u5 Unveiling the First Unified Global Events Marketing Strategy for Cardano 6,000,000 YES We vote 'yes' on this proposal as it provides a clear value proposition for Cardano. This proposal was already assessed as part of the Marketing and Growth Budget. gov_action13tf...n5rx0e Cardano Summit 2025 and regional tech events 6,000,000 YES We vote 'yes' on this proposal as it provides a clear value proposition for Cardano. This proposal was already assessed as part of the Marketing and Growth Budget. gov_action13tf...qx0ecg OSC Budget Proposal - Paid Open Source Model for Sustainable Development 5,885,000 YES We vote 'yes' on this proposal as it aligns with the Cardano Vision and Roadmap for 2025 and beyond and contributes to a sustainable developer ecosystem for Cardano. However, we still believe additional details would have strengthened this proposal further. gov_action13tf...30y0dn Expanding Stablecoin / Cardano Native Asset Support / Fiat Ramps 4,000,000 YES We vote 'yes' on this proposal as it contributes to the growth in liquidity and DeFi, which we believe is an important value proposition. gov_action13tf...dq823y Ecosystem Exchange Listing and Market Making service pool 3,126,000 YES We vote 'yes' on this proposal in line with the GMC’s voting and according to previous viability assessments. gov_action13tf...z29v77 High-yield RWA Asset for Cardano : Tokenized Real Estate 3,000,000 YES We vote 'yes' on this proposal as it supports the expansion of the RWA topic. However, there is a lack of alignment with the roadmap, which we would expect to be enhanced afterwards. gov_action13tf...fgyy3v Midgard - Optimistic Rollups 2,162,096 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...0mqrnw Complement Catalyst: Extended Quadratic Funding—Zero Operational Costs 1,500,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...xzxz7k Blockfrost Platform community budget proposal 1,300,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...tnrdnx zkFold ZK Rollup 1,161,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...79xfzf Cardano Ecosystem Pavilions at Exhibitions 889,500 YES We adjusted our vote from ‘no’ to ‘yes’ on this proposal. This reflects our acknowledgement of the revised scope to avoid overlapping with other proposals. gov_action13tf...t5eumh Cardano Product Committee: Community-driven 2030 Cardano Vision and 2026 roadmap insights collection via workshops and structured product research 750,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...7jt4x4 ZK Bridge 700,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...4s2af8 Scalus - DApps Development Platform 657,692 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...66gmxa A free Native Asset CDN for Cardano Developers 605,000 NO We vote ‘no’ on this proposal as it does not align with the principles of the Evaluation Framework, specifically principle 3 on Financial and Funding Mechanics. gov_action13tf...nrw6t9 Complete Web3 developer stack to make Cardano the smart contract layer for Bitcoin 600,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...htd5td Beyond Minimum Viable Governance: Iteratively Improving on Cardano Voltaire 592,780 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...x4t762 Eternl Maintenance 583,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...zags6z Gerolamo - cardano node in typescript 578,571 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...488pdm Hardware Wallets Maintenance 424,800 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 2 on Committee Budget Proposals and Prior Feedback. gov_action13tf...c3clg6 PyCardano 314,800 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 3 on Financial and Funding Mechanics. gov_action13tf...0vdlhj Ledger App Rewrite 300,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...flfc4s Cexplorer.io – Developer-Focused Blockchain Explorer for Cardano 266,667 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...3cfnf0 MLabs Core Tool Maintenance & Enhancement: Plutarch 243,478 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...ufvuyl Dolos: Sustaining a Lightweight Cardano Data Node 220,914 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...yeptuu UTxO RPC: Sustaining Cardano Blockchain Integration 220,914 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...huqg03 Pallas: Sustaining Critical Rust Tooling for Cardano 220,914 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...cp0jyh AdaStat.net Cardano blockchain explorer 212,000 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...y7m65d OpShin - Python Smart Contracts for Cardano 199,911 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 3 on Financial and Funding Mechanics. gov_action13tf...ckzwqt Lucid Evolution Maintenance 130,903 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action13tf...f074ea MLabs Research towards Tooling for Elliptical Curves - GrumpleStiltSkin 104,347 YES We vote ‘yes’ on this proposal as it aligns with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action193l...gl2qg0 BloxBean Java Tools Maintenance and Enhancement 99,600 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. gov_action18ne...66459t MLabs Core Tool Maintenance & Enhancement: Cardano.nix 45,217 ABSTAIN We abstain on this proposal in accordance with the principles of the Evaluation Framework, specifically principle 1 on Scope and Strategic Alignment. Summary of Voting Approach
The Cardano Foundation’s votes on these 39 treasury-withdrawal governance actions are the direct execution of a single, comprehensive review process that began during the off-chain signaling phase. Although we present one aggregate rationale for efficiency, each proposal and governance action was individually assessed against a consistent framework anchored in our publicly stated principles.
Evaluation Framework
As outlined in our blog post, Navigating Budget Changes, our evaluation is guided by several core criteria. For these treasury withdrawals, our assessment focused on three primary areas:
- Strategic Alignment: We prioritized proposals that clearly align with the Cardano 2025 Vision & Roadmap and the principles of "Our Cardano." Proposals demonstrating a direct contribution to core infrastructure, ecosystem growth, decentralization, and sustainability scored highest in our assessment.
- Execution Viability & Financials: We assessed whether the requested funding was appropriate with the project’s scope and whether the team demonstrated the expertise and planning necessary for successful execution. This included a review of the budget breakdown, timelines, and risk considerations.
- Accountability and Delivery Assurance: A critical factor was the proposal’s commitment to transparency and accountability. We looked for clear deliverables, defined success metrics, and robust reporting plans. Given the significant value of Treasury funds, we placed a strong emphasis on frameworks that ensure what is promised is ultimately delivered.
The Cardano Foundation’s votes on these 39 treasury-withdrawal governance actions are the direct execution of a single, comprehensive review process that began during the off-chain signaling phase. Although we present one aggregate rationale for efficiency, each proposal and governance action was individually assessed against a consistent framework anchored in our publicly stated principles.
- Yes105.9M ₳Rationale
I vote Yes on this proposal.
A lightweight and high-performance content delivery system like NFTCDN is critical for expanding the use of native assets on Cardano.
Offering an already operational service for free over 18 months will lower the barrier for developers and meaningfully support ecosystem growth.私はこの提案に Yes を投じます。
Cardanoネイティブアセットの利用拡大において、NFTCDNのような軽量かつ高速な配信基盤は重要です。
既に安定稼働しているサービスを18ヶ月無償提供することで、開発者のUXを高め、エコシステム全体の活性化に貢献すると判断しました。 - Yes96M ₳No rationale
- No93.3M ₳Rationale
The vote for this withdrawal is NO. Details can be found in the rationale.
A PDF version of this rationale is also made available.
I plan to vote YES on most projects I’ve supported in Ekklesia. To stay transparent, I’ll rate each project across six categories, scoring 0 to 2 per category (max 12 points). Projects scoring below 6 won’t get my support. I’ll consider supporting those with 7–8 points, and will fully support any scoring 9 or more.
The categories are:
- Key infrastructure, research, or essential funding: 0
- Team strength, feasibility, and track record: 1
- Impact on the Cardano ecosystem: 1
- Value for money: 1
- Cost compared to similar proposals: 1
- Personal or community usage and benefit: 1
Total score: 5
- Yes89.4M ₳Rationale
私の投票ポリシーはCARDANO2025ロードマップを実現するべく基盤技術の維持と強化、コア開発と研究、マーケティングの強化を支持しています。事前のオフチェーン投票ではNoにした提案においても、提案内容に関しては一定の必要性を感じているため資金調達プロセスのスケジュールや提案内容を精査したうえでYESに投じます。
My voting policy supports the maintenance and enhancement of foundational technologies, core development and research, and the strengthening of marketing efforts to realize the CARDANO 2025 roadmap. Even for proposals I previously voted "No" on during the off-chain voting phase, I recognize a certain level of necessity in their content. Therefore, after carefully reviewing both the proposal content and the funding schedule, I will cast a "Yes" vote. - Yes89.1M ₳No rationale
- No88.1M ₳No rationale
- Yes83.9M ₳Rationale
SIPO supports the proposal “A free Native Asset CDN for Cardano Developers” and votes YES.
SIPO believes that this proposal directly addresses one of the most critical technical and economic challenges in the Cardano ecosystem: the display and delivery of native asset media (NFTs & FTs) in decentralized applications.
- Strategic Value for Developer Experience
Cardano’s roadmap emphasizes improving developer usability and reducing time-to-market. NFTCDN, by making its infrastructure freely available to all Cardano developers for 18 months, significantly lowers both the financial (OPEX/CAPEX) and technical barriers associated with native asset integration. This enables startups, open-source teams, and smaller builders to experiment and innovate without worrying about costly infrastructure burdens.
- Cost Savings and High ROI for the Ecosystem
The proposal outlines a clear, data-backed ROI of over 17x, with $5.5M in estimated ecosystem-wide cost savings and 39,000 developer hours conserved. These savings translate into:
• Avoiding ~$100K per project in infra cost
• Speeding up product launches by 9+ months
• Avoiding $3M+ in ongoing operational costs for 25 projectsThe ₳605,000 (~$320K) ask is thus highly justified against these tangible benefits.
- Proven Track Record and Reliability
NFTCDN has been operating since 2022, serving over 800 million API requests with 100% uptime. It already supports flagship Cardano dApps such as Eternl, NMKR, Pool.pm, and NEWM. Making this infrastructure available for free will accelerate adoption across dozens more projects.
- Technical Maturity and Unique Value Proposition
Unlike generic CDN providers like Cloudflare, NFTCDN is purpose-built for Cardano and supports:
• Direct access via asset fingerprint
• Automatic handling of metadata formats (CIP-25, CIP-68)
• Real-time chain indexing
• Integration with IPFS, Arweave, and on-chain content
• Cross-app caching and rendering safetyThese features make it not just a CDN, but a high-level backend abstraction for any native asset-based Cardano app.
- Alignment with Cardano 2025 Goals
This proposal directly supports Cardano’s 2025 ecosystem goals such as:
• “Get More Usage”: By removing barriers to DApp development
• “Developer/User Experience”: By abstracting complexity and increasing accessibility
• Fostering innovation across RWA, SSI, media, and educational use cases- Robust Governance and Oversight
The proposal is administered via Intersect under the approved ₳275M budget process, and backed by a legal contract, milestone tracking, and third-party assurance. These measures ensure delivery, accountability, and transparency.
⸻⸻⸻⸻⸻⸻⸻⸻⸻
SIPOは、「Cardano開発者のための無償ネイティブアセットCDN」提案に賛成し、「Yes」票を投じます。
この提案は、Cardanoにおけるネイティブアセット（NFT・FT）活用の最大の障壁である「表示・配信インフラ」の技術的・経済的負担を解消する極めて実用的かつ効果的なソリューションです。
- 開発者体験の飛躍的向上
Cardanoが掲げる「開発容易性向上」や「製品化までの迅速化」といった2025年の戦略目標において、NFTCDNの無償開放は極めて大きな貢献を果たします。インフラ構築に伴う初期投資や複雑なバックエンド処理が不要となり、個人開発者やスタートアップも気軽にネイティブアセットを活用したアプリ開発に取り組めるようになります。
- ROI17倍超、エコシステム全体に約5.5億円相当のコスト削減効果
• 1プロダクトあたり約1000万円の開発コスト回避
• 約9ヶ月の開発短縮
• 運用・保守費（最大3億円相当）も削減
• 総開発工数の削減は39,000時間に相当
提案金額（₳605,000＝約3200万円相当）は、これらの経済的インパクトを踏まえると極めて妥当であり、費用対効果が明確です。
- 実績と信頼性の高さ
NFTCDNはすでにVerspr、Eternl、NMKR、Pool.pmなど複数の主要dAppに導入済みであり、2022年から100%稼働を継続し、累計8億回以上のAPIリクエストに対応しています。この安定した実績は、提案の信頼性を裏付けています。
- Cardano特化型の高機能CDNであること
一般的なCDNと異なり、NFTCDNは以下の機能を標準装備しています：
• 指紋IDによる直接アクセス
• CIP-25、CIP-68対応のメタデータ処理
• IPFS/Arweave/オンチェーンの自動フェッチ
• ネイティブアセットのリアルタイム監視
• マルチdApp間キャッシュ共有
• コンテンツの安全性管理（CSP制御）これにより、各dAppが個別に複雑なミドルウェアやバックエンドを構築する必要がなくなり、開発が大幅に効率化されます。
- Cardano 2025ロードマップとの整合性
本提案は、「より多くのユースケース創出」や「開発者・ユーザー体験の改善」といったCardanoの戦略的重点項目に合致しており、ネイティブアセットの利用をさらに加速させる土台となります。
- ガバナンスの透明性と契約管理体制の整備
Intersectによる予算執行、サードパーティ保証人による進捗確認、Sundae Labsが開発したスマートコントラクトによる支出管理など、信頼性ある運用体制が整っており、資金の適正利用と成果達成が担保されています。
Conclusion｜結論
SIPOは、本提案が「Cardano上でネイティブアセットを活用した開発の大衆化と飛躍的なスケーラビリティ向上」に貢献するものであると確信しており、その投資対効果、社会的インパクト、開発者支援の観点からも明確な価値を認め、「Yes」を投じます。
- Yes78.6M ₳No rationale
- Yes75.5M ₳No rationale
- No75.3M ₳Rationale
I am voting NO. While the goal is valid, existing services like Blockfrost already handle the heavy lifting of querying the chain. I find the 9-month build estimate questionable, and a generic CDN like Cloudflare offers wider global distribution. The value presented does not justify this spend.
A PDF version of this rationale is also made available.
While improving native asset delivery is a worthy goal for ecosystem growth, I am voting NO.
I believe the proposal overstates the problem, as services like Blockfrost already solve the core challenge of querying the chain. Consequently, the 9-month build estimate seems highly inflated. A top-tier CDN like Cloudflare also offers superior global reach than a bespoke service. Given that developers can already leverage these powerful tools, I cannot justify this level of treasury spend for the value offered.
- No55.4M ₳Rationale
Following the previous vote on Ekklesia.
- Yes50.8M ₳Rationale
As a DRep, I voted for all projects in the 2025 budget vote based on a very simple principle:\n\n- Yes if I believe the long-term value to the Cardano ecosystem exceeds the requested amount;\n- No if it doesn't;\n- Abstain if I'm unsure.\n\nAll of my votes are consistent with my position in the May 2025 Ekklesia round.
- Yes43.3M ₳No rationale
- Yes42.9M ₳No rationale
- No42.3M ₳Rationale
While this is a good proposal, I know very few projects are currently using the CDN so I don't think this is worth getting funded at this point in time. I hope this will change in the future.
- Yes41.6M ₳No rationale
- YesChanged40.2M ₳History
Earlier votes
Abstain1y agoSuperseded
- Yes39.5M ₳No rationale
- Abstain38.1M ₳No rationale
- Yes37M ₳No rationale
- No36.8M ₳No rationale
- Abstain34.3M ₳Rationale
Temporary Abstention Rationale
Summary
To ensure timely progression of proposals that meet constitutional thresholds, I am temporarily casting abstain votes on all active governance actions while I continue to review them individually. This avoids delaying enactment due to quorum issues and allows careful evaluation of each on its own merits.Rationale Statement
As a DRep, I take seriously my responsibility to evaluate each proposal in alignment with the HOSKY Cardano First platform, prioritizing decentralization, responsible treasury use, and the long term integrity of CardanoRather than rush through the volume of proposals or risk being a bottleneck for those that meet required thresholds, I am temporarily abstaining on all proposals. This ensures that governance actions with sufficient community support can move forward without being held up by my pending vote
This abstention is not a sign of indecision or neglect. It is a reflection of my commitment to deliberate, well considered governance. I am reviewing each proposal carefully and will cast definitive YES or NO votes with rationale in the coming days
This approach allows me to maintain transparency, uphold voting integrity, and respect the time sensitive nature of decentralized decision making. It is a temporary mechanism to preserve network momentum while continuing to uphold the standards set by both the Constitution and the HOSKY dRep Platform
- YesChanged32.4M ₳History
Earlier votes
No1y agoSuperseded
- Yes31.1M ₳No rationale
- Yes30.6M ₳Rationale
Socious has voted in favor of all 39 Treasury Withdrawal proposals submitted. These proposals were selected through a well-defined process, and we fully support them out of respect for the will of the broader Cardano community.
- Abstain30.6M ₳No rationale
- YesChanged28.7M ₳Rationale
We made a mistake assuming that projects can directly use IPFS or Iagon for this, but given that we ourselves having sporadic issues storing voting rationale on governance voting on IPFS, having a reliable middleware to abstract all the complexity of interacting with storage system will be useful. Hence we are changing vote to YES.
Earlier votes
No1y agoSuperseded
There isnt a need for this, we should look to use Filecoin or Iagon for this
- No28.7M ₳No rationale
- AbstainChanged28.1M ₳Rationale
Interesting idea, but may be better suited for requesting funds through Catalyst or Cardano Builder's DAO.
Earlier votes
No1y agoSuperseded
Interesting idea, but better suited for requesting funds through Catalyst.
- Yes27.5M ₳No rationale
- YesChanged25.9M ₳Rationale
I am updating my vote vote to YES on the current proposal to fund a free Native Asset CDN for Cardano developers. My first instinct is the price tag seems steep for the value-add received. After speaking with community developers and projects I now better understand how some projects rely on this tech. That being said, projects should be self-sustainable, and I will be looking for the projects relying on NFTCDN to have become self-sustainable when when reconsidering additional funding. Let's give them a bit more runway to ensure our projects have the best footing possible
Earlier votes
No1y agoSuperseded
- No25.8M ₳No rationale
- Yes23.6M ₳No rationale
- YesChanged22.4M ₳History
Earlier votes
No1y agoSuperseded
- No21.7M ₳Rationale
I have a hard time justifying funding free access to a service for 18 months from the treasury without knowing what happens at the end of that time period. While I appreciate that the problem outlined in the proposal is real, I do not feel that the treasury should be used to subsidise access to a service in this way. While not originally one of my selections during the Ekklesia budget reconciliation process, I have decided to vote against funding this proposal at this time.
- No21.5M ₳Rationale
Long-Term Sustainability
The idea of a native asset CDN—serving token icons, metadata, and branding—is helpful for improving UX and consistency across wallets and dApps. However, it is not a critical protocol service and does not directly impact network resilience or security.Builder and Ecosystem Growth
A well-executed CDN could make asset integration smoother for developers and improve token discoverability for users. Yet, the technical complexity and impact are limited, and much of the value can be delivered using existing web infrastructure at a fraction of the proposed cost.Decentralization and Community Engagement
The service would be public-facing and improve uniformity in asset presentation across interfaces. Still, it does not meaningfully increase decentralization or empower new participants, and the proposal lacks a clear open governance or stewardship model for long-term sustainability.Treasury Spending Concerns
₳605,000 for a relatively lightweight web service is excessive. Comparable services—static asset hosting, cache/CDN distribution, metadata indexing—could be delivered reliably for ₳100,000–₳150,000 with ongoing maintenance. The proposal does not justify the inflated cost with itemized budgeting or technical constraints. Given the overestimation, lack of critical urgency, and weak accountability mechanisms, we recommend voting NO on this proposal. If resubmitted with a leaner scope and clearer delivery plan, it may be reconsidered. - Yes20.3M ₳Rationale
I believe this is important for our CNA ecosystem.
- Yes20.3M ₳No rationale
- No17.2M ₳Rationale
nftcdn.io is not a decentralised solution for content delivery.
- Yes16.3M ₳Rationale
Treasury withdrawals
Software Development Proposals:
Development budgets should not be funded from the treasury. Instead, the treasury should be used to incentivize feature completion through grants. The treasury should not operate as a venture capital fund or to fund ongoing development budgets. It should be results oriented and decoupled from budgeting. Dracula DAO Deep will make exceptions this round for projects that deliver specific, high value features or results at a reasonable ask amount.Marketing Proposals:
Marketing budgets are the best way to fund these types of efforts. Judgement should be used based on the ask amount and value proposition.Research Proposals:
Research budgets should be evaluated based on the track record of the team being funded, the value proposition and whether the results are released to the public.DAO Funding:
DraculaDAO believes DAOs should find other ways to support operations other than public treasury funds.Bitcoin:
Dracula DAO Deep is against purchasing Bitcoin with treasury funds, and are generally not in favor of a tight Bitcoin / Cardano partnership. Bitcoin DeFi is ok as long as the value proposition remains with Cardano. Cardano is already Bitcoin++ and treasury funds should not be used to encourage or sustain BTC energy waste and outdated consensus model.Yes - MLabs Core Tool Maintenance. Ask is reasonable.
Yes - Midgard Optimistic Rollups. This is urgently needed as an L2 solution for Cardano and the ask is reasonable.
Yes - Hardware Wallets Maintenance. This is necessary and ask is reasonable.
Yes - Pallas Rust Tooling. Core tooling used by many projects and ask is reasonable for the specific deliverable.
Yes - UTxO RPC
Yes - Lucid Evolution Maintenance
Yes - zkFold ZK Rollup
Yes - Dolos. Ask is reasonable with specific deliverable.
Yes - Ledger App rewrite
Yes - Paid Open Source Model. This looks like a nice way to take the VC function out of the treasury and start towards incentivizing projects through features and benefits like bug bounties. Willing to take a chance on this, but will vote no in the future if results are disappointing.
Yes - Gerolamo node in typescript
Yes - MLabs Core Tools: Plutarch. Ask is reasonable
Yes - ZK Bridge
Yes - Eternal maintenance
Yes - Scalus Development Platform
Yes - Cexplorer.io
Yes - Native Asset CDN
Yes - Adastat.net
Yes - Intersect MBO. DraculaDAO does not like the high ask amount and the budgeting approach, but for Intersect MBO there may not be a better way like there is with software development. Therefore DraculaDAO supports this proposal, realizing this possibly breaks with the general guidelines DraculaDAO described above.
Yes - Beyond Minimum Viable Governance. Focused feature set and reasonable ask. IOHK should use this approach for all its teams.
Yes - Cardano Summit
Yes - Unified Global Events Marketing
Yes - Quadratic Funding. Reasonable ask for a specific feature.
Yes - Cardano Ecosystem Pavilions
Yes - High-yield RWA Asset. Direct communication with this vendor increased our faith in this project and have changed our stance on this.
Yes - Expanding Stablecoin / Native Asset Support. This was marginal in terms of ask amount and number of features grouped together.
Yes - OpShin
Yes - PyCardano
Yes - Cardano Product Committee
Yes - BloxBean Java Tools
Yes - Input Output Research
Yes - MLabs ResearchAbstain - Input Output Core Development. This is simply a warning shot as DraculaDAO expects this proposal will pass. We are generally in favor of the initiatives and features being delivered by IOHK, but believe the ask is too high as a single budget line item and do not want to set a precedent of another ask of similar magnitude for the next budget cycle. Instead, IOHK should divide its deliverables into features and ask the treasury for grant incentives delivered on completion of the each feature (see Beyond Minimum Viable Governance as what we see as a good example). We are not in favor of such a large withdrawal encompassing such a large number of features. In general we do not support using the treasury for budget line items as mentioned in the introduction to this rationale.
Abstain - Blockfrost Community Budget. We support Blockfrost and operate an icebreaker node. There are no specific features mentioned, just an ongoing budget line item, which we do not support. We will support Blockfrost in other ways.No - Web3 developer stack for Bitcoin integration. DraculaDAO does not support a tight integration with Bitcoin.
No - TWEAG Proposals. We see value there but the ask is too large and too many deliverables bundled together.
No - Catalyst 2025. Ask is too large as a single budget request.
No - Cardano Builder DAO. Treasury should not be used to incentivize features, not fund ongoing budgets for software development or DAOs.
No - Market making should have other ways to fund operations. - Yes15.3M ₳No rationale