- VeChain announces the launch of its revamped Grants 2.0 Program.
- The enhanced program offers up to $100,000 in funds, focusing on sustainability.
- VeChain prioritizes seamless funding, sustainability, and diverse initiatives.
VeChain, a prominent enterprise-grade L1 public blockchain, has unveiled the enhanced VeChain Grants 2.0 program, offering a maximum of $100K in funding. The upgraded initiative emphasizes sustainable blockchain development, featuring diverse funding tracks and introducing opportunities for ‘X-2-Earn’ sustainability applications.
Key features of the VeChain Grants 2.0 launch includes increased funding, diverse funding tracks, and sustainability focus. In detail, the VeChain Grants 2.0 provides developers with up to $100,000 in funding, a substantial boost from the previous $30K limit, showcasing VeChain’s commitment to supporting Web3 builders.
Additionally, the program introduces new marketing grants and microgrants, catering to various project sizes and marketing efforts within the VeChain ecosystem. It also emphasizes the development of sustainability-focused decentralized ecosystems through ‘X-to-Earn’ applications, aligning with the blockchain’s vision for a greener future.
On the Importance of Developer Support, Sunny Lu, CEO at VeChain emphasizes the role of developers in driving sustainable activities and collective impact. The increased funding, refined focus on sustainability, and streamlined submission process aim to empower developers in creating applications for a better tomorrow.
Meanwhile, the Grant Program provides new enhancements pertaining to a seamless submission process, greater grant size, enhanced support, new grant formats, and sustainability weighting.
Thus, the program introduces a user-friendly website for project submissions, simplifying the application process and removing technical barriers. Also, the maximum grant pool has increased to $100K at each milestone delivery level, providing developers with substantial financial support.
In addition, marketing grants support community marketing efforts, while microgrants cater to smaller initiatives, enhancing inclusivity within the grant program. While projects aligning with VeChain’s ‘X-2-Earn’ vision receive enhanced consideration, emphasizing the blockchain’s commitment to sustainable decentralized applications.
Lastly, sustainability grant recipients benefit from check-ins, participation in the BCG mentorship and VC networks, exposure on the vechain.org website, and promotion through VeChain’s social media channels. All in all, VeChain’s Grant 2.0 reflects its dedication to adapting to developer needs and fostering sustainable development within the blockchain ecosystem.
