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Jafrin Ahmed
Apr 22, 2022
by Jafrin Ahmed

Kadena Launches $100M Grant Program for Web3 Developers

kadena $100 million grant program
Kadena, a Layer-1 proof-of-work blockchain protocol, has announced a $100 million grant program for Web3 developers to build projects on its network.

The grant program is part of Kadena Eco which focuses on supporting developers and entrepreneurs in building decentralized autonomous organizations (DAOs), decentralized finance (DeFi), and non-fungible tokens (NFTs) within the Kadena ecosystem.

Kadena Eco will evaluate the grant applicants based on technical strength, team experiences and usefulness of the project. Developers applying for grants, on the other hand, must abide by the blockchain’s “build in the open philosophy” and submit detailed explanations about their protocols.

Kadena supports Web3 development with scalable architecture and smart contracts backed by Chainweb, a Proof-of-work consensus method that offers high transactions without the need for layer-two scaling solutions.

The platform's native KDA cryptocurrency is now ranked 106th on CoinGecko with a market valuation of $893 million.

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Kadena Grant Program Kadena $100 million Grant Program
Kadena Launches $100M Grant Program for Web3 Developers
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.