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Dusk Network Establishes $5 Million Grant Program To Engage Developers To Accelerate Growth Of The N

Dusk Network has established a $5 million grant program to engage developers to accelerate the growth and accessibility of the Dusk Network blockchain platform.

It has been reported that Dusk Network now offers projects the opportunity to apply for funding for Dusk-related endeavors.

Dusk said in a public statement:

“The Dusk Grants Program seeks to engage (independent) projects, developers, researchers, academics, or community organizers that want to accelerate the growth and accessibility of the Dusk Network blockchain platform. The program is open to anyone and everyone, though applications need to be relevant to Dusk Network.”

However, originally unveiled back in April, the grant initiative touts $5 million in total, available for allocation to various projects. Interested parties must apply for grant funds, with applications running through a six-step process, starting with an inquiry form and ending with onboarding.

The report said that the statement listed a number of particular project niches in which Dusk is interested in allocating grant funds, including mainstream adoption-driving projects. Since the launch of Bitcoin’s blockchain in 2009, various other blockchains have emerged, such as Ethereum, on which projects can build solutions. Dusk aims to offer a privacy-focused blockchain, which projects can harness for building.

Dusk Network's grant initiative goes live with $5 million in funds for developers, @benjaminpirus reports. — Cointelegraph (@Cointelegraph) June 1, 2021

Likewise, Dusk’s team currently oversees the grant endeavor, including approvals, although Dusk plans on forming a specific unit for grant overwatch.

The statement said:

“In the coming year, a newly instantiated Governance Council consisting of core team members and reputable industry developers will start to govern the grant program. This dedicated team of 7 people will also govern the network’s Community Development Fund (CDF), and is tasked with securing the long-term future of Dusk Network. Further down the line, the team aspires to govern the network directly on-chain through a decentralised governance procedure.”

Thus, Emanuele Francioni, the tech lead of Dusk Network, said:

“Also, there are libraries and tooling independent of our network, such as PLONK. This library is already extensively used by many other projects. As we are building an open source solution, these libraries can be accessed already via our Github and used by anyone who is interested in the technology.”

Source: Cointelegraph | Image: WAMC



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