Introducing the Ecosystem Fund
Core DAO has made headlines by launching a $200 million Ecosystem Fund dedicated to propelling the development of decentralized applications (dApps) and protocols on its Core layer-1 blockchain. This bold initiative is supported by major players like Bitget and MEXC, ensuring that backing flows to innovative projects that need it the most.
Financial Support for Early-Stage Projects
Unlike some of its counterparts in the crypto world who tend to cling to grant-based systems, Core DAO is breaking the mold. The Ecosystem Fund is tailored to propel funding to projects through specific benchmarks that promise to yield growth and community benefits. Whether it’s recruitment, marketing strategies, or community engagement, this fund is ready to tackle it all!
What’s in It for Developers?
- Research & Development: Projects can expect financial help for R&D efforts aimed at refining their technology.
- Marketing Support: Use the funds to spread the word about your project—because who doesn’t want fanfare?
- Community-Building Programs: Build a community around your project; investors want to see you have a fan base!
Partnerships that Pack a Punch
The collaboration with Bitget not only facilitates funding but also opens doors for project listings and a new Core Trading Zone on their platform, along with staking possibilities. Think of Bitget as your friendly neighborhood sidekick, ready to give Core jurisdiction a significant liquidity boost thanks to its impressive 8 million users. Be prepared; all eyes are on you!
Setting New Standards in Support
Rich Rines, a key player at Core DAO, emphasized the importance of sustainable success. He doesn’t want projects simply to grab the limelight. Instead, he insists upon nurturing technology that offers real value. This perspective sets the Ecosystem Fund apart from typical funding initiatives and sets a new benchmark for accountability in the blockchain space.
A New Approach to Investment
“It’s not just about who can yell the loudest; it’s about who can deliver the results,” Rines noted.
What’s Next for Bitget?
As if being part of the Ecosystem Fund wasn’t enough, Bitget has also launched a $100 million Web3 fund aimed at supporting crypto projects in Asia. They’re rolling out the welcome mat for ventures that demonstrate a clear roadmap and tackle real-world challenges. Let’s just say, if there’s a worthy project, Bitget is ready to take it under its wing.
Future-proofing the Blockchain Ecosystem
Gracy Chen from Bitget emphasizes that their partnership with Core DAO epitomizes a multi-faceted commitment to developing blockchain technology, connecting real-world applications with the exciting potential of Web3. If you’re in the business of transforming the Web3 landscape, better watch out—these initiatives aim to make it a phenomenon as prevalent as Web2.
