Fun

Kadena Launches $100 Million Grant Fund to Develop Web3 Experiences

News Feed - 2022-04-23 03:04:40

Kadena Launches $100 Million Grant Fund to Develop Web3 Experiences


Kadena, a proof-of-work-based cryptocurrency that also has the possibility of supporting smart contracts, has announced a new set of grants directed to incentivize the creation of Web3 experiences. This $100 million grant fund is part of the Kadena Eco initiative, whose objective is to offer builders a complete suite to deploy their solutions on top of the chain. Kadena Grants Seek to Attract People to Ecosystem


Kadena, a top-100 cryptocurrency project that is based on proof-of-work (PoW) consensus but also offers the possibility of executing smart contracts, has revealed a new set of developer grants seeking to attract builders to its chain. The grant program, which will have $100 million available for interested teams, is part of the Kadena Eco program, which presents a set of other initiatives directed to help teams, companies, and startups to produce Web3 experiences.


The Kadena Eco program includes several other aspects that are to be developed in the near future. Among them are an incubator for growing the skills of more developers in different projects, an accelerator to power other projects, and even a venture fund that aims to “propel companies using or pivoting to Kadena’s blockchain platform to realize their vision.”


Regarding this full global support that Kadena seeks to offer builders, Stuart Popejoy, founder and CEO of Kadena, stated:


We’re empowering builders to pioneer new projects that transform the world, and we’re doubling down on our promise to make that happen by actively and responsibly deploying our treasury resources to ensure long-term sustainability of our ecosystem. Grants Process and Similar Programs


The grants program is already open and receiving proposals. The press release from the Kadena team explains that each of the proposals will be examined taking several key aspects into consideration that include: technical strength, detail of specifications, team experience, and usefulness for its ecosystem. The team will be receiving proposals in the areas of gaming, metaverse, NFT, Web3, DeFi, and DAOs.


However, recipients of this grant will have to also abide by Kadena’s requirements, and contribute to the ecosystem by producing material directed to teaching other members of the community about the programming of their products.


Web3 has become a very important focal point for many companies and funds that are investing and offering incentives for builders. Griffin Gaming Partners announced one of the biggest funds for Web3 and gaming in March, raising $750 million at that time. The Avalanche Foundation also launched a $200 million fund called Blizzard last November, which seeks to invest $200 million in innovations built on top of Avalanche. Tags in this story fund, grants, kadena, PoW, Web3


What do you think about Kadena’s $100 million Web3 development fund? Tell us in the comments section below. Sergio Goschenko


Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Bitso to Offset Carbon Emissions From the Trading Platform"s BTC, ETH, ERC20 Transactions NEWS | 12 hours ago Metamask Users Complain About Connection Issues as Wallet"s Default Endpoint Suffers From "Major Outage" NEWS | 14 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleNFT Project Tori Zero Announces a Strategic Partnership With Wirex Next articleCrypto Businesses Ask 27 EU Finance Ministers to Loosen Disclosure Requirements Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

News Feed

Jesse Coghlan7 hours agoSEC asks judge to reject Coinbase’s motion to dismiss lawsuitThe regulator has asked a federal judge to deny Coinbase’s motion to dismiss its lawsuit, claiming the exchange knew the cryptocurr
Bitcoin Taker Buy/Sell Ratio Spikes On Major Exchanges — Time To Buy?
Este artículo también está disponible en español. The price of Bitcoin has not shown any serious momentum so far in 2025 besides briefly surpassing the $108,000 level in
Helen Partz12 hours agoGrayscale Bitcoin Trust among ARK’s top ETF performers in Q2 2023GBTC’s share in total ARKW’s holdings accounted for around 7.5%, roughly the same amount as Tesla, in Q2 2023, while Coinbase
Bitcoin Options Market Signals Further Upside Potential For BTC Price: New ATH Soon?
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
Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board
Latest Ghana Inflation Rate the Highest in 19 Years — Economist Recommends Installation of Currency Board Ghana’s ongoing economic woes appeared to worsen in July after da
Arbitrum daily revenue surges 16,500% after LayerZero’s ZRO launch
Jesse Coghlan2 hours agoArbitrum daily revenue surges 16,500% after LayerZero’s ZRO launchLayerZero’s “not an airdrop” ZRO token airdrop has spurred a new peak for Arbitrum’s daily revenue.837 Total views1 Tota
Fine Art to Be Recreated Thanks to Inheritance Art
Fine Art to Be Recreated Thanks to Inheritance Art press release PRESS RELEASE. NFTs have exploded in terms of popularity and usage in 2021, and for good reason. Artists and content
Turner Wright4 hours agoDigital Currency Group files motion to dismiss Gemini lawsuit, claiming it’s a PR campaignGemini’s complaint filed in July alleged DCG and Barry Silbert had made “false, misleading, and inco
NFT Digital Art That Changes With Bitcoin Price Volatility Sold for Record $101,000
NFT Digital Art That Changes With Bitcoin Price Volatility Sold for Record $101,000Matt Kane’s “Right Place & Right Time,” a non-fungible token (NFT) digital artwo
Bitcoin Price Could Run Up To $131,000 — But It Must Hold Above This Level
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
DePIN protocol io.net CEO departs 2 days before token launch
Brayden Lindrea6 hours agoDePIN protocol io.net CEO departs 2 days before token launchAhmad Shadid, one of the founders of io.net, left “effective immediately” but said it wasn’t related to allegations regarding hi
What is triangular arbitrage in crypto and how to use it?
Dilip Kumar Patairya10 hours agoWhat is triangular arbitrage in crypto and how to use it?A triangular arbitrageur spots market irregularities and carries out concurrent trades across three asset pairs while skillfully co