CTSI Foundation Reserve Transparency Report — July 2023
The final unlock of the foundation reserve and a new way forward for transparency reports.
Written By Cartesi Foundation
The Cartesi Foundation is a mission-bound organization that supports the Cartesi ecosystem.
The Cartesi Foundation is one of the many teams, units, companies, and individuals that advocate the ecosystem’s collective vision and contribute to the development and adoption of the Cartesi technology.
The Cartesi Foundation is constantly adapting its support and contributions to match the needs of a growing ecosystem in the context of an ever-evolving blockchain landscape.
There are currently several ways in which the Cartesi Foundation supports and contributes to the ecosystem:
The Cartesi Foundation holds a diversified treasury that includes the fully unlocked CTSI Foundation reserve and allocates funding and resources to the various ecosystem initiatives mentioned above. These allocations include funding grants to core units, companies, and individuals, sponsoring ETH Global events, hackathons, meetups, educational workshops, community building, community-run programs such as the CGP, and more.
The Cartesi Foundation’s yearly grant commitments to core units, core companies, and other active ecosystem contributors represent a significant portion of the anticipated allocation of the fiat portion of the treasury for years to come.
Importantly, the Cartesi Foundation’s treasury allocations are community-driven. The Foundation is committed to allocating the substantial majority of its treasury to furthering the ecosystem’s Technical Evolution Plan – a decentralized community-written roadmap. Additionally, as community-governed programs (such as the Community Grants Program) continue to mature, the Cartesi Foundation will continue to empower community partners to take an active and increasing role in determining treasury allocation.
All figures below are presented as of December 31, 2023, and are subject to future change.
Runway total including all assets and assuming current yearly commitments (based on year-end CTSI price of $0.2120 USD as of December 31, 2023): 6 years and 10 months.
Runway total excluding CTSI holdings and assuming current yearly commitments: 3 years and 7 months.
The Cartesi Foundation’s treasury is comprised of the following assets:
Over 2023, core spending from the Cartesi Foundation was distributed in 4 main areas as follows:
*In service to the community, the Cartesi Foundation also administers two other wallets that are not a part of the foundation’s treasury:
Note: All other on-chain activity related to CTSI is not controlled or managed by the Cartesi Foundation.
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