Fun

Ambrosus Core Launches a $10 Million Developer Grant to Scale Its Open-Source Blockchain Ecosystem

News Feed - 2022-02-10 03:02:38

Ambrosus Core Launches a $10 Million Developer Grant to Scale Its Open-Source Blockchain Ecosystem press release


PRESS RELEASE. Zug, Switzerland —Ambrosus Core, the technical foundation ofAmbrosus Ecosystem, has announced the launch of a substantial developer funding program — $10 million for developers deploying decentralized finance (DeFi) applications and other decentralized solutions on the Ambrosus blockchain.


Ambrosus is a fully operational Layer 1 EVM-compatible blockchain protocol providing scalability, zero-knowledge proof data security, and unique built-in data storage capacity. In order to support network growth and expand its user base, Ambrosus Core is launching a developers funding initiative.


DeFi on Ambrosus has recently seen an all-time high in total value locked (TVL) of over 310 million AMB as a result of its newly launched staking platform. As of today, the foundation is accepting applications for its grant program open to new contributors looking to build dApps, NFTs, and DAOs on AMB-NET. Any developer or entrepreneur can now apply for funding to create scalable solutions that enjoy seamless low-cost transactions on the secure network.


The seven-figure grant will be distributed among: Startups—developers and entrepreneurs looking to launch a dApp on AMB-NET. Open-source developers—individuals and teams developing open-source products on top of AMB-NET. Educators—those who create unique and informative content for new Ambrosus Ecosystem participants.


Igor Stadnyk, Chief Technical Officer at Ambrosus Core, highlights: “The next chapter for Ambrosus Core is all about fostering DeFi growth on our network. We are proud of the functional, dependable and competitive blockchain we’ve developed, now we want to help onboard new developers and assist them with building their new exciting projects on AMB-NET. I am excited to be launching this $10 million grant today, which will aid in embedding Ambrosus at the center of DeFi developments.”


About Ambrosus


Ambrosus is a fully operational Layer-1 open-source scaling solution launched to bring mass adoption to Ethereum and EVM-compatible platforms. It is the first decentralized and efficient Proof of Authority network built by industry experts in Switzerland. Learn more on the website.


  Tags in this story Ambrosus Core, Blockchain, DAOs, dApps, decentralized finance, DeFi, NFTs


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Bitcoin.com Media


Bitcoin.com is the premier source for everything crypto-related. Contact ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Ricardo Salinas Pliego Hints at Elektra Group Selling Bitcoin in Its Stores NEWS | 1 hour ago An In-Depth Look at the Couple Accused of Laundering 94,636 Bitcoin From the 2016 Bitfinex Hack FEATURED | 3 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleAn In-Depth Look at the Couple Accused of Laundering 94,636 Bitcoin From the 2016 Bitfinex Hack Next articleRicardo Salinas Pliego Hints at Elektra Group Selling Bitcoin in Its Stores More Popular NewsIn Case You Missed ItReport: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners "Was Pointless"


In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move was pointless, and ... read more.Nobel Laureate Paul Krugman Likens Crypto Market to Subprime Mortgage Crash — Warns Regulators Are Making the Same Mistake Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds Goldman Sachs Warns Bitcoin Increasingly Vulnerable to Fed Rate Hikes as Mainstream Adoption Grows Ark Invest Expects Bitcoin to Exceed $1 Million by 2030 — Says BTC Could Transform Monetary History

News Feed

Crypto Portfolio App Ember Seeks $1 Million in SEC-Registered Securities Sale
Ember Fund, makers of an AI-managed cryptocurrency portfolio app, is seeking to raise up to $1 million through a Securities and Exchange Commission-registered securities sale. The y
Dogecoin Analyst Predicts Massive Price Explosion—Is $6.24 Far-Fetched?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Derek Andersen4 hours agoZimbabwe central bank close to introducing gold-backed digital tokens into retailPhysical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT"s Reserves On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S
Bitcoin L2s set to explode as Runes congest BTC network
Rachel Wolfson10 hours agoBitcoin L2s set to explode as Runes congest BTC networkHigh transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.2098 Total views4
WEMIX Delisting: South Korean Crypto Exchange Upbit Accused of Instigating Token Removal
WEMIX Delisting: South Korean Crypto Exchange Upbit Accused of Instigating Token Removal According to the CEO of Wemade, Henry Chang, the South Korean cryptocurrency exchange Upbit
Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst
Harmony"s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizo
People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown
People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to
Shiba Inu Sees $120 Million Weekly Surge—Whales Tighten Their Grip
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Fed’s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established ‘Now’
Fed"s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established "Now" Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing so
Zhiyuan Sun8 hours agoHTX to restore services ‘within 24 hours’ after $13.6M hack”Huobi HTX has now properly handled this attack,” the crypto exchange stated.9919 Total views8 Total sharesListen to article 0:00Ne
Coinbase Secures Regulatory Approval to Operate as a Virtual Asset Service Provider in Ireland
Coinbase Secures Regulatory Approval to Operate as a Virtual Asset Service Provider in Ireland Coinbase has announced it has secured regulatory approval as a virtual asset service