Browser developer Opera proposes swapping cash grants for 160M CELO

Nasdaq-listed browser developer Opera has proposed changing its existing cash grant agreement with Celo to an allocation of 160 million CELO tokens. Previously, the Celo Foundation paid Opera quarterly dollar-based grants in exchange for expanding the Celo ecosystem through Opera's native MiniPay wallet. The new proposal would replace these cash payments with the token allocation. If approved, the move would make Opera a major stakeholder in Celo, with the allocation representing approximately 27% of the circulating supply and 16% of the maximum supply. The tokens would be distributed over three years, and Opera's governance influence would be limited to 10% based on its staked holdings.