Scalable Blockchain Platform Unveils $25M Grant To Support Blockchain Developers
Casper, a scalable blockchain platform, recently announced that it had created a new grant initiative. The grant initiative called Casper Accelerate Grant Program aims to foster blockchain development.
In addition, Casper noted that it would provide education for innovators and developers on its network. This will teach them more about the Casper blockchain and its features.
Casper Introduces Grant Program For Developers On Its Network
As the prolonged bear market in cryptocurrencies continues, investors continue to identify promising investment initiatives. This shows that crypto firms have taken advantage of the bearish market and turned it into a builders’ market.
Casper Association has unveiled a new grant initiative to support innovators and developers building end-user applications and other apps on its network.
Meanwhile, Casper is a PoS (Proof-of-Stake) blockchain developed to help firms build private apps. Casper believes the grant will increase blockchain adoption in several organizations.
In addition, Casper stated that it would solve the “scalability trilemma” affecting blockchain advancement. The trilemma includes high throughput, decentralization, and security.
As a result, Casper would introduce upgradeable smart contracts, developer-friendly features, and lower gas fees. Furthermore, Casper also announced that it would launch a digital portal on its platform.
This portal would go live in Q1 2023. The portal’s purpose is to provide innovators and developers on the Casper blockchain with applicable codes and tools to develop new apps.
Meanwhile, the crypto market has been in a bearish phase for the past months. However, several crypto-based projects have received millions of dollars in financing.
Most of these funds are geared towards advancing the development of blockchain technology and the Web3 ecosystem.
Another Blockchain Platform Raises Millions In Funding
Earlier this week, another blockchain platform raised millions to develop its platform. Onomy, a Cosmos blockchain-powered project, received millions from its investors following its latest fundraising event.
According to the platform, it will use the fund to develop its network. Onomy is a blockchain project that aims to merge the foreign exchange market and DeFi (decentralized finance).
Onomy developers stated that the fund realized is about $10 million. Various crypto-based entities contributing to the funding include CMS Holdings, Maker Foundation, Ava Labs, and Bitfinex.
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