IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects
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The IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA Grants program, according to the IOTA Foundation Blog. The initiative aims to foster innovation within the IOTA ecosystem by providing financial support to a diverse range of projects. Grant Program Overview Since the last update, the IOTA Grants program received 82 applications, out of which 20 were selected for funding. The total awarded amount stands at $2,365,000, supporting projects across various categories including decentralized exchanges (DEX), NFT marketplaces, GameFi, and tooling. Highlighted Grant Recipients SYMMIO / IntentX Category: PerpetualsWebsite: www.symm.io / X: @symm_io SYMMIO is an omnichain settlement and clearing layer for derivatives. It offers Derivatives as a Service (DaaS), enabling decentralized exchanges to introduce derivatives products seamlessly. Velocimeter / Graphene Category: DEXWebsite: www.velocimeter.xyz / X: @VelocimeterDEX Velocimeter is a ve33 protocol with modifications to optimize token emissions and liquidity provision, aiming to offer more flexibility and efficiency. WAGMI Category: DEXWebsite: wagmi.com / X: @PopsicleFinance WAGMI protocol focuses on advanced liquidity provision strategies and leverage, utilizing concentrated liquidity to optimize returns. MagicSea Category: DEX & NFT MarketplaceWebsite: magicsea.finance / X: @MagicSeaDEX MagicSea is a DEX and NFT marketplace on IOTA EVM, designed to boost the ecosystem’s growth by supporting promising projects through a comprehensive builders program. OTSea Category: DEXWebsite: www.otsea.io / X: @otseaERC20 OTSea facilitates peer-to-peer trades across various chains and offers features like an auto-match system and buy/sell orders to protect users from scams via trustless smart contracts. EpochZero Category: NFT MarketplaceWebsite: epochzero.io / X: @Epoch_0 EpochZero provides NFT analytics and a marketplace, delivering insights and data through a resident bot and a web portal, enhancing user experience and market engagement. Furucombo Category: Yield & Asset ManagementWebsite: furucombo.app / X: @furucombo Furucombo enables users to create and execute complex DeFi…
Filed under: News - @ June 13, 2024 6:26 am