Micky Watkins, the CEO of World Mobile, publicly endorses Charles Hoskinson and Input-Output Global (IOG) as the best stewards for Cardano’s future.
In a recent X post, Watkins, known as Mr. Telecom, endorsed the Cardano founder and his company. According to him, Hoskinson and IOG are better suited to drive Cardano’s growth than any other entity.
This highlights Watkins’s belief that Hoskinson and the IOG have the expertise and technical vision to drive the growth of the broader Cardano ecosystem. Watkins’ endorsement comes days after several community members criticized Hoskinson’s request for additional funds.
Hoskinson Requests Additional Funds to Drive Cardano Growth
In a livestream over the weekend, the Cardano founder revealed that he and the IOG have been working for free since 2020. He said the original contract that started with the Genesis block in 2015 expired in 2020.
However, he noted that he has been working alongside the IOG to keep development rolling since 2020, even without receiving pay. Hoskinson emphasized that the scaling requirement, as detailed in the original contract, is complete, adding that the functionality is now transcending into a moving target.
Nonetheless, he stated that the Cardano development team is still working to advance other scaling solutions, particularly around Hydra and Leios. In his view, these projects might encounter significant setbacks if the IOG does not receive additional funding.
Therefore, he proposed that the community, particularly the elected delegate representatives (DReps), approve a budget package that would ensure the IOG continues as the developer of the Cardano project.
Hoskinson said the funds would be used to fund the IOG’s vision, adding that it will also ensure that the community gets his time and strategy. The development comes a week after IOG requested 26.848 million ADA, worth $19.39 million at the current price of $0.7196, for a 12-month research and development program.
It is worth noting that Hoskinson hosted the livestream following a strong debate over an interim budget expected to be funded by the ecosystem’s treasury.
DReps to Decide Whether to Allow IOG to Continue as Cardano Core Developer
The DReps must reconcile and approve this interim budget before Cardano’s first on-chain fiscal year ends. For context, the Cardano treasury wallet holds about 1.7 billion ADA coins. Earlier this year, 72% of DReps voted to cap the forthcoming reconciliation at 350 million ADA.
While Hoskinson applauded the move at the time, he clarified that the DReps are in the position to decide whether to keep the IOG at the helm of Cardano’s development. Meanwhile, critics argue that continuously leaning on IOG contradicts the ethos of decentralization.
As this criticism soars, Watkins has urged the community to back Hoskinson and his company, praising them as the most suitable stewards for Cardano.
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