- IoTeX has launched its $100 million Sustainable Ecosystem Fund.
- The said fund will support developers across DeFi, NFTs, DAOs, MachineFi, and more.
- IoTeX price is currently at $0.093, according to CoinGecko.
IoTeX Foundation has announced that it will be allocating $100 million for its Sustainable Ecosystem Fund. According to an announcement, this fund will support developers across various blockchain sub-sectors including DeFi, NFTs, DAOs, and more.
Of course, the fund is only available for projects within the IoTeX ecosystem. The blockchain network aims to bolster its Web 3.0 machine economy by supporting promising projects and onboarding billions of smart devices.
IoTeX also mentioned MachineFi, billing it as a gateway to a “brand new design space”. An official announcement read:
“MachineFi opens a brand new design space for all Web3 builders to span the physical and digital worlds and take part in the future trillion-dollar machine economy.”
Interested applicants can apply for the fund by filling out this form.
In other news, the crypto market appears to have emerged from a 3-month winter. The prices of most cryptocurrencies are starting to come back to life, particularly Bitcoin (ADA) and Cardano (ADA).
Meanwhile, IoTeX appears in a gradual increase that may take quite a while before it sizzles. At the time of writing, IoTeX price is at $0.093, according to CoinGecko. IOTX is currently down by 1.1% in the last 24 hours, although it is still up by 23.4% in the last 7 days.
Recommended News :
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.