The Cardano Foundation's flagship conference was scrapped after a funding proposal failed to secure the two-thirds support required under the blockchain's new governance system.
What to know : Cardano’s flagship 2026 Summit in Singapore has been canceled after a treasury funding proposal narrowly failed to reach the required two-thirds supermajority under the network’s new governance rules. The proposal, which sought millions of ADA for the annual gathering, won majority backing from delegated representatives but still fell short, while a separate 3.3 million ADA request by EMURGO for a Cardano presence at TOKEN2049 Singapore was approved. The outcome marks one of the most visible tests of Cardano’s Voltaire-era governance system, in which elected delegated representatives vote on major treasury withdrawals and protocol decisions on behalf of ADA holders.
