CoinDesk reported that Input Output (IO), the core developer of Cardano, significantly reduced the amount of funds requested from the community treasury compared to last year. According to the proposal submitted by IO, the company requested $46.8 million for this year's operations. This is about half of last year's request ($97.5 million). IO stated that it plans to annually reduce the amount of funds requested from the community until it can operate solely on its own revenue.
