11.4 Million ADA Wallet Votes for Governance: Cardano Foundation Backs Move

The Cardano Foundation has stated its unrelenting dedication to advancing the goals of CIP-1694 and pushing Cardano toward a completely decentralized on-chain governance structure

In keeping with this goal, the Cardano Foundation announced that it would use its 11.4 million ADA wallet to vote in the upcoming Cardano ballot event.

As the Cardano blockchain's ecosystem of users and applications has evolved over the past few years, the focus has now switched to Cardano's decentralized governance policies to ensure its long-term viability. The CIP 1694 is an on-chain decentralized governance mechanism for Voltaire, or the Cardano governance age, which will offer the final pieces required for the Cardano network to become self-sustaining.