29 Projects Awarded $3.6 Million to Transform Tokenisation, Invoicing, DEXes
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In the latest round of IOTA Grants, the Foundation awarded $3.6 million to 29 applicants out of a pool of 142 applicants. The recipients include DeFa, formerly known as InvoiceMate, and BlackFrog, a platform that facilitates access to funding for small-scale mining operations. The latest round of IOTA Ecosystem DLT Foundation’s Grants Program has been announced, with 29 projects receiving a total of $3.6 million to fund their innovative applications. The Grants Program is the Foundation’s initiative to empower innovators in the IOTA ecosystem, assisting them to make their ideas a reality. It goes beyond just writing a check, offering research, open-source development tools, education initiatives, and connection and networking opportunities. The Foundation revealed today that the latest round had seen 142 applications as more developers aspire to build on the feeless, scalable, and efficient IOTA network. Of these, only 29 were successful, with the combined grants standing at $3,603,000. This is higher than the previous round, where 26 out of 99 applicants were granted $2,744,000. 👀 Check out the latest #IOTA Grants Program update and meet the newest cohorts of grant recipients! Find out how they aim to make an impact on IOTA and its thriving ecosystem. 🧵🌐 https://t.co/0PA4KvJqji pic.twitter.com/Aq4T36344j — IOTA (@iota) October 17, 2024 Among the projects that benefitted from the grants are: 1. Nansen Nansen, an on-chain analytics platform, is one of the beneficiaries. The company, which we previously profiled, is one of the most established in the current cohort and already counts major companies and blockchain networks as clients, from Coinbase and OpenSea to Polygon and Avalanche Nansen supports 12 blockchains and over 10,000 smart money wallets and has handled over 300 million labeled addresses. It allows users to have enhanced visibility and transparency on blockchain ecosystems, allowing them to make better decisions. The funding…
Filed under: News - @ October 18, 2024 4:21 am