Wed, May 08, 2024 at 01:15
Hey Annie!๐ Guess what?
The Starknet Foundation just announced a new $5 million seed grant program to support emerging projects on their network.
This is a huge boost for blockchain innovation!
Really?
That sounds like a big deal!๐ฎ So, how does this grant program work?
Well, it's pretty simple.
The Seed Grants Programme will support at least 200 promising teams with $25,000 in USD Coin to help them launch their projects on Starknet.
It's like giving them a final push!๐
Oh, I see.
So, these grants are only for projects that are almost ready to launch?
Exactly!
The grant targets Starknet-related projects that have already developed a minimum viable product (MVP) or proof-of-concept.
So, they're looking for projects that are pretty much ready to go but just need that final financial push.๐ช
That sounds fair.
But how do they decide who gets the grant?
They've designed a simplified application and evaluation process to maximize engagement.
And the best part?
The grant will be quickly distributed, aiming to provide a decision approximately two weeks after submission.
Fast and efficient, right?๐โโ๏ธ
That's impressive!
But what about those who have previously participated in Starknet?
Do they get any special treatment?
Good question!
While those who have previously participated in Starknet will get priority, the opportunity is open to all developers.
So, it's not exclusive, but previous participants do have a bit of an edge.๐
I see.
And why are developers attracted to Starknet?
Well, Starknet has seen increasing adoption as developers migrate to its ecosystem to take advantage of its low fees, scalability, and developer-focused toolset.
Plus, it's home to the fastest-growing Layer 2 (L2) developer community due to its novel approach to scaling Ethereum.๐
That sounds promising!
So, is this news good or bad for the market?
Definitely good news!
This grant program will likely stimulate more innovation and development in the blockchain space, which could lead to more adoption and growth for Starknet and the broader market.
So, it's a win-win situation!๐
To sum up, this article is considered a ๐Bullish for investors!!