The Provenance Blockchain Foundation said that its ecosystem will foster open innovation by bringing together developers, financial applications, and issuers to facilitate the complete digital lifecycle of financial assets.
Provenance Blockchain Foundation has announced a $50 million grant program for blockchain developers to support the development of regulated financial services on blockchain.
The grant program promise to award $50 million in HASH, which is the native token on Provenance Blockchain, to developers who build core services and experiences that enable the full digitally-native lifecycle of regulated financial assets on blockchain technology.
Beyond the HASH-based grants, the Provenance Blockchain Foundation said it will also offer additional support to developers, including ecosystem introductions, networking opportunities, product promotion and marketing, and technical onboarding assistance. The Provenance Blockchain Foundation shared that its ecosystem will foster open innovation by bringing together developers, financial applications, and issuers to facilitate the complete digital lifecycle of financial assets. Through this ecosystem, developers will also have the chance to earn revenue from the services they provide to other participants.Despite being in a bear market, various blockchain companies are investing in building up their ecosystems.
On Feb 23, Cointelegraph reported that The Interchain Foundation , the nonprofit organization responsible for the creation of the Cosmos ATOM inter blockchain communications ecosystem, has recently pledged to invest approximatelyAdditionally, on Jan 19, SSV.network, a developer of validator infrastructure, also launched a new ecosystem fund aimed at promoting innovation in Ether staking technologies and supporting Ethereum proof-of-stake decentralization.
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