Porta Network, a blockchain project focused on accelerating mass Web3 adoption, is launching its Ecosystem Grant program.
Porta is a Substrate-based Nominated Proof of Stake blockchain. The company is focused on simplifying user and developer experience.
Since launching Padlock, its testnet, on Wednesday 11th August, the project has seen a surge of 125+ developers building on it and 80+ new cryptocurrencies on its testnet created by developers.
To expand the Porta ecosystem, the company is looking to support early-stage projects built with Rust or Rust projects looking to connect to the Porta blockchain.
For 2021, the company will be awarding up to $60k worth of grants dispersed in amounts of $10,000 and $15,000. It’s aiming to reward 2-4 grants for this initial run.
Here are the Ecosystem Grant categories:
- Decentralized AMMs/IDOs protocols
- DeFi lending protocols
- Decentralized P2P trading platforms
- Development tools
- New Idea
- Application deadline – 19th Sept 2021
- Grant winners announced – 30th Sept 2021
- Step 1: Submit grant application.
- Step 2: Interview to determine if the project is a good fit.
- Step 3: Grant winners are announced.
- Step 4: Onboarding & milestone setting.
- Finish: Grant distribution.
Application best practices and Ecosystem Grants FAQs can be located on the Porta website.
About Porta Network
Porta means “gateway” in Latin. It is a blockchain project built on Substrate with the goal of giving everyone access to Web3 products with a seamless and easy-to-understand experience for both new and seasoned blockchain users.
Products such as decentralized finance, non-fungible tokens, peer-to-peer lending, and also less common use-cases like social, business organization, decentralized creator economies, and more.
Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. TheNewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.