- VeChain introduces Grant 2.0, offering up to $100K funding for developers, with a renewed focus on sustainability and ‘X-2-Earn’ dApp ecosystems.
- The program includes enhanced mentorship, marketing grants, microgrants, and access to BCG mentorship network and VC opportunities.
Revolutionizing Blockchain Development with VeChain’s Grant 2.0
VeChain, a leader in enterprise-grade L1 public blockchains, announced the launch of its Grant 2.0 program on January 24, 2024. This announcement signifies a major shift in VeChain‘s strategy, marking a significant enhancement from the initial developer grant program. The upgraded Grant 2.0 initiative is set to allocate up to $100,000 in funding, a substantial increase from the previous $30,000 limit, to catalyze the development of sustainable, decentralized ecosystems, specifically focusing on ‘X-to-earn’ applications.
We're excited to announce the launch of our revamped #VeChain Grants 2.0 program!
Now worth up to a maximum of $100K, the updated program elevates our commitment to sustainable blockchain development, and introduces new funding tracks to meet diverse needs.
On top of that,… pic.twitter.com/2X7xpLTKz4
— vechain (@vechainofficial) January 24, 2024
The Grant 2.0 program is VeChain’s response to the feedback received on its original grant offering. It represents an evolution in the company’s approach to supporting Web3 developers, underscoring VeChain’s dedication to fostering enterprise and individual transition towards sustainable practices. This initiative aligns with the company’s mission to provide optimal support to developers, viewed as critical architects in the move towards more sustainable living and working models.
Enhanced Features and Opportunities in the New Grant Program
VeChain‘s Grant 2.0 program brings several key improvements, directly addressing the feedback from its inaugural iteration:
- Streamlined Application Process: A new, bespoke website has been established for developers to submit their projects, aiming to expedite the process and remove previous technical barriers.
- Increased Funding Capacity: The grant pool’s maximum funding has been elevated from $30,000 to $100,000, available at each milestone delivery level.
- Diverse Grant Offerings: Introduction of marketing grants to bolster community marketing efforts and microgrants catering to smaller-scale projects like tool integrations.
- Focus on Sustainability: Projects aligning with VeChain’s ‘X-2-Earn’ vision will receive higher priority and are more likely to secure funding.
- Robust Support for Sustainability Projects: Recipients of sustainability grants will gain access to check-ins from the VeChain team, entry into the BCG mentorship and VC networks, and direct exposure via VeChain’s website and social media channels.
Headquartered in San Marino, Europe, VeChain is the curator of VeChainThor, a leading smart contract platform. VeChainThor has revolutionized various sectors by leveraging ‘trustless’ data, smart contracts, and IoT technologies. Now, VeChain is committed to the grand challenge of building digital ecosystems to drive global sustainability and digital transformation.
VeChain’s announcement of the revamped Grants 2.0 program, now supporting up to $100K, marks a significant step in sustainable blockchain development. The program aims to provide diverse funding tracks and world-class opportunities for builders of sustainability applications, following VeChain‘s ‘X-2-Earn’ strategy. These decentralized applications (dApps) will be eligible for professional mentorship from Boston Consulting Group and connections to VCs, aiding in scaling platforms and encouraging widespread adoption.
VeChainThor, alongside its global partners, is redefining the future of Web3. The new grant program encourages builders to contribute to this innovative journey.
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