Cardano plans utility improvements, developer incentives, and ADA buybacks

Cardano (ADA) plans to shift its focus this year toward improving utility and user experience, founder Charles Hoskinson said, according to CryptoPotato. Hoskinson outlined several proposals, including increasing investment in utility to boost active user numbers and total value locked, having the project treasury purchase up to 30% of tokens from individual projects within the Cardano ecosystem, and integrating with its proprietary Bitcoin-based DeFi protocol, Midnight. He also stated that a portion of the resulting profits would be used to buy back ADA and return it to the treasury, creating a self-sustaining structure intended to recoup the investment within three years. To attract more developers, the plan also involves using influencers and hosting hackathons. "The current fragmented budget allocation is undermining the Cardano ecosystem's competitiveness," Hoskinson emphasized. "A unified strategy and self-investment are essential to attract external capital."