Gov Action

This treasury withdrawal funds **Blockfrost Platform community budget proposal** which will provide the following services Blockfrost is a powerful API platform that gives anyone access to the Cardano Blockchain and functionality without the need to run your own Node. Our API is designed with developers in mind, and offers tools that remove the complexity of direct node interactions, so anyone can start building on Cardano and launch projects on an affordable, stable and user-friendly framework. Blockfrost was originally developed by Five Binaries and is now maintained under the IOG umbrella. This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process. This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.

This proposal aims to solve the following problem: The demand for a reliable infrastructure and tools that support development is what led to the creation of Blockfrost. If you have interacted with the Cardano Blockchain, there is a good chance you were interacting with Blockfrost in the background. But this level of adoption has come with some trade-offs. At it's peak, Blockfrost was handling over 50% of all on-chain transactions on Cardano. We recognize this concentration is in contrast to the decentralized nature of the blockchain, and have actively been working to decentralize Blockfrost for the benefit of the Cardano community. Together with Stake Pool Operators (SPOs) and node operators, we have started the initial phase of what we call the Icebreakers era, an incentivized program designed to decentralize Cardano data access and reward the incredible node operator community.