The post Avalanche Announces $40M Grants for Developers as Avalanche9000 Kicks Off appeared on BitcoinEthereumNews.com.

Avalanche is making a big move to support blockchain developers. The Avalanche Foundation on September 26, announced a $40 M grant program to encourage devs to build layer 1 blockchains. This initiative is a part of the new “Retro9000” program. The objective of this initiative is to encourage and support developers to build on Avalanche9000 testnet. This is the latest upgrade on the network that simplifies the process for developers. The creation of L1 blockchains is now cheaper and more efficient. This is the largest update in avalanche history that aligns with the more scalable blockchain system vision of the foundation. What is Avalanche Retro9000? Avalanche9000 isn’t just an upgrade, it’s a complete system for developers. The Retro9000 program will provide retroactive grants to developers. Those who build L1 chains and critical tools will receive rewards. Avalanche even introduced a leaderboard where community votes will decide who earns the grants. Community engagement is key in this program. Developers are encouraged to build in public and gain support from the community. The chances of getting a reward depends on the community support to the project built by the devs. Benefits of Building on Avalanche? Developing on Avalanche brings many benefits. Developers can build custom blockchains, control staking economics, and integrate regulatory compliance. The Avalanche9000 unlocks full customization, including gas tokens and permissionless validator sets. Retro9000: Up to $40m in retroactive grants for Avalanche L1s 🔺 This new grant program aims to reward developers who contribute to the testnet and launch their project on mainnet, empowering developers to do what they do best–innovate and build. More on Retro9000 👇 pic.twitter.com/qNXzosMV14 — Avalanche 🔺 (@avax) September 26, 2024 Avalanche L1s have already been deployed by well known companies like Deloitte and DeFi Kingdoms. The network also includes Avalanche Interchain Messaging (ICM). This connects…

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Filed under: News - @ September 26, 2024 6:17 pm