The IOTA Foundation Grants $2.89 Million to 26 Projects
The IOTA Foundation recently announced the allocation of $2.89 million in grants to 26 projects out of 99 applications. This move underscores the foundation’s commitment to fostering innovation in various sectors, including DeFi, NFT marketplaces, and SocialFi.
Grant Recipients and Their Contributions
- ioLend: A DeFi platform focusing on lending and liquidity optimization.
- Eco Forge Chronicles: An NFT marketplace leveraging Eco-Bound Tokens (EBTs) for Web3 engagement.
- Protico: A DePIN-based social x data network creating social impact.
- Peppy Finance: Developing a “degen-themed” SYMMIO-integrated frontend for retail users.
- TokenLabs.Tools Audit: A no-code Web3 platform for ERC20 token creation and management.
Program Overview and Future Updates
The IOTA Ecosystem DLT Foundation’s Grants Program aims to support innovation in digital asset projects. With 25 grants awarded and $2.744 million granted so far, the program continues to evolve with more updates planned to engage the community.
Stay tuned for further developments from the IOTA Grants Program on the IOTA Foundation Blog. 🚀
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