Block.One the firm behind EOS– the seventh-biggest cryptocurrency by market cap has launched a $1.5 million grant program to support the development of EOSIO.
EOS VC– The venture capital arm of Block.One is planning to award grants worth $50,000 to each qualified project within its new funding initiative- the EOS VC Grants Program.
On Dec. 17 an official announcement stated that EOS VC will provide more than $1.5 million in grants to developers and supporters of the EOSIO platform.
Do you have a great #EOSIO idea? Applications are now open for our new EOS VC Grants Program. Apply. https://t.co/sxnv3dZoB2 — block.one (@block_one_) December 16, 2019
Program Intends To Attract Developers And Boost Adoption
The EOS VC Grants Program intends to attract developers to its community and boost adoption as the initiative is different from other funding projects run by the firm.
<img width="1280" height="959" src="https://i1.wp.com/www.cryptonewspoint.com/wp-content/uploads/2019/12/1_94GIOEOVNE3vJk5E1Y-84Q.jpeg?fit=1024%2C767&ssl=1" alt="eos developers" class="wp-image-7140 lazyload" />
The firm highlights that EOS VC Grants Program will be granting awards with no ownership conditions.
Other firms on EOS VC’s portfolio include:
Biscuit
CAPSL
Persollo
Sprout Records and others.
Opening Up Possibilities To Support EOSIO-based projects
By debuting the EOS VC Grants Program Block.One has opened up a new way to support EOSIO-based projects who may not have access to traditional funding routes.
<img width="1024" height="428" src="https://www.cryptonewspoint.com/wp-content/uploads/2019/12/1_rb7dl-i7SPCqjEAx44Nr0Q-1024x428.png" alt="eosio development" class="wp-image-7141 lazyload" />
Mike Alexander CEO of EOS VC states:
“Providing this new option will spread the opportunities across the EOSIO community, and foster the development of early stage ventures.”
Block.One CEO Brendan Blumer said that the firm intends to identify and empower “even more people to further enrich the ecosystem with fresh ingenuity and imagination” through the EOS VC Grants Program.
Projects of all stages, sizes and industry types are invited to apply by completing the application available on EOS VC’s website.
Source: Cointelegraph | Block.One