Kadena Protocol Announces $100 Million Web3 Grants Initiative

　　Kadena Protocol, a scalable Layer-1 blockchain network, has announced the introduction of a $100 million Web3.0 fund to help innovative firms develop on the network.

　　According to a blog post written by Francesco Melpignano, the Chief Executive Officer of Kadena Eco, the grant application is now open, and the funds will be used to assist both small and large companies eager to develop on the Kadena blockchain. The funding is particularly interested in projects that aim to develop gaming, metaverse, DeFi, and NFT-related solutions.

　　“Kadena Eco exists to empower builders to create new projects that transform the world. To realize this mission, we‘re doubling down on our growing community by deploying capital towards the long-term sustainability of our ecosystem,” Melpignano said. “Kadena Eco grants will be applied to projects big and small, enabling builders of all backgrounds to succeed on Kadena. With our network of technology experts and strategic partners, we’re here to support builders every step of the way.”

　　While Kadena's grant is similar to those of its peers, such as the ecosystem funds launched by Avalanche and Binance, Melpignano believes that gaining access to this grant will open more doors to the platform's incubators and other programs designed to help young developers reach their full potential.

　　As previously stated, the selection criteria for the Kadena Web3 award are based on the technical strength of the application, specifications specifics, team experience, and the project's evaluated usefulness to the Kadena ecosystem.

　　With the application deadlines approaching, Melpignano stated that initiatives that receive grants will be required to adhere to the “Build in the Open” principle. This attitude requires Kadena network developers to submit content, codes, tutorials, and product explainers to appropriate protocol channels.

　　Overall, the Kadena team is eager to mentor the future generation of leaders who will innovate to link the world with the blockchain ecosystem, and one method it is doing so is through the recently established grant.

　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

　　iOS: t.ly/UUCj

　　Android: t.ly/cfYt