Web3 firms offer grants to support blockchain ecosystem development

Bitcoin surge prompts Web3 firms to roll out grants

As Bitcoin soared past $40,000, bringing the total crypto market capitalization to $1 trillion, Web3 firms have begun offering grants to support the development of the blockchain ecosystem.

Worldcoin Foundation introduces $5 million community grants program

The Worldcoin Foundation, behind the popular Worldcoin (WLD) project, has announced a $5 million community grants program called "Wave0." The grants will be distributed in WLD tokens or stablecoins like USD Coin (USDC). The program will support community organizers, event sponsorships, hackathons, and funding for larger projects.

Coinweb offers $10 million grant for Web3 infrastructure development

Coinweb, a layer-2 protocol, has announced a $10 million grant to support developers building Web3 services and decentralized applications (DApps) on its infrastructure platform. The grants can go up to $300,000 and will focus on decentralized finance (DeFi), decentralized exchanges (DEXs), wallets, gaming, nonfungible tokens (NFTs), and social finance.

Fantom Foundation launches accelerator program with 1 million FTM allocation

The Fantom Foundation has launched an accelerator program and allocated 1 million Fantom (FTM), worth over $300,000, to support five projects. The program includes mentorship from the foundation's leadership, including director Andre Cronje.

Arbitrum expands grant program budget to over $70 million

The Arbitrum community has increased its grant program budget by an additional $23 million, bringing the total to over $70 million. The grants will support 56 projects in the Web3 space.