While the prevailing traditional financing models resulted in the crypto and blockchain sector raising billions of dollars over the years,ethereum price usd 2019 they are not without weaknesses, according to Project Catalyst’s group product manager.

At the recent CardanoSummit in Dubai, Kriss Baird, the principal figure of Project Catalyst — a community-driven governance and grants and funds mechanism through voting within the Cardano ecosystem — spoke with Cointelegraph about the initiative, the extent of the collective’s involvement in shared resources and the direction of the platform’s development.