Web3 Firms Roll Out Grants to Support Blockchain Ecosystem Development
As Bitcoin (BTC) reached $40,000 and the total crypto market cap hit $1 trillion, Web3 companies are offering grants to support blockchain ecosystem development.
Worldcoin Foundation Launches $5 Million Community Grants Program
The Worldcoin Foundation, behind the Worldcoin (WLD) project, announced a $5 million community grants program called “Wave0.” The grants will be distributed through WLD tokens or stablecoins like USD Coin (USDC). The program focuses on community organizers, event sponsorships, and hackathons. It also includes other grant tracks for funding larger projects.
Coinweb Offers $10 Million Grant for Web3 Services and DApps
Coinweb, a layer-2 protocol, announced a $10 million grant to support developers building Web3 services and decentralized applications (DApps) on its infrastructure platform. The grants can reach up to $300,000 depending on the type of DApps and development stage. The focus of the grant program includes decentralized finance (DeFi), decentralized exchanges (DEXs), wallets, gaming, non-fungible tokens (NFTs), and social finance.
Fantom Foundation Launches Accelerator Program with 1 Million FTM Allocation
The Fantom Foundation introduced an accelerator program with a 1 million Fantom (FTM) allocation worth over $300,000 to support five projects. The program provides mentorship from the foundation’s leadership, including director Andre Cronje.
Arbitrum Expands Grant Program Budget to Over $70 Million
The Arbitrum community increased its grant program budget by an additional $23 million, bringing the total to over $70 million. This expansion will fund 56 projects, demonstrating continued support for the development of the ecosystem.
Hot Take: Web3 Firms Fuel Blockchain Ecosystem with Grants
Web3 firms are actively fueling the growth and development of the blockchain ecosystem through grant programs. The Worldcoin Foundation, Coinweb, Fantom Foundation, and Arbitrum are among the organizations offering grants to support various projects, including community initiatives, DApps development, and infrastructure building. These grants provide financial resources and mentorship opportunities to foster innovation in decentralized finance (DeFi), gaming, NFTs, and more. With millions of dollars allocated for grants, these initiatives aim to accelerate the adoption and advancement of Web3 technologies.
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