The Game-Changer: EVM Compatibility on Crypto.org
In a bold move that may just rock the cryptosphere, Crypto.com is set to introduce Ethereum Virtual Machine (EVM) compatibility to its Crypto.org blockchain. This juicy upgrade, scheduled to go live on July 14, promises to make transferring projects from Ethereum as seamless as Sunday morning pancake flipping.
What’s the Buzz About EVM?
Why the excitement, you ask? EVM compatibility means that developers can easily migrate their applications from the Ethereum network to Crypto.org. Not only does this mean less headache for developers, but it also establishes Crypto.org as a more versatile player in the ever-evolving crypto arena.
The Power of Side-Chain Integration
As stated by Crypto.com, the EVM support will operate as a side-chain. Think of it as an upgrade path where projects can indulge in the benefits of lower fees and faster transactions.
Kris Marszalek, co-founder and CEO of Crypto.com, elaborates on this initiative: “EVM support will allow for simple porting of apps from other chains, driving exponential ecosystem growth for Crypto.org.” In plain English: It’s like putting your community pool in a private backyard—way more enticing!
Meet the CRO EVM Fund
But wait, there’s more! Alongside the EVM features, Crypto.com has announced the launch of the CRO EVM Fund. This treasure trove will reportedly finance up to 100 early-stage projects developing on the platform, with a maximum grant of $1 million per startup. Talk about hitting the jackpot!
Who’s Behind the Fund?
Managed by Particle B, the fund aims to offer not just cash but also a wealth of resources for project founders. Gary Or, Particle B’s founder, reassures potential applicants that it’s all about the support: “Projects can count on us for much more than the initial funding.” With insights from someone who’s been in the trenches, it sounds like a promising avenue for ambitious startups.
The Future Looks Bright
With Crypto.com aiming to give developers the tools they need, all while nurturing a vibrant ecosystem, the horizon looks optimistic for crypto enthusiasts and innovators alike. If you’re a project founder looking for a boost, perhaps it’s time to dust off that pitch deck!
