Casper Association launches $25M grant to support developers on its blockchain


Scalable blockchain network Casper announced the launch of its new Casper Accelerate grant program on November 23, created to support developers and innovators building applications to support infrastructure, end-user applications, and technology. research innovation on its blockchain.

The Casper Network is an enterprise-focused Proof-of-Stake (PoS) blockchain designed to help enterprises build private or permissioned applications, aimed at accelerating business and adoption of blockchain technology. The network also boasts of solving the “scalability trilemma”, which revolves around “security, decentralization, and broadband”. It also offers scalable smart contracts, relatively lower gas fees compared to other Layer 1 blockchains, and developer-friendly features to make it easier to evolve the protocol as businesses expand its use.

To complement the launch of its grants program, Casper said it is creating a new digital portal to support developers and innovators on the network with practical tools and code, to help build their products. The developer portal is expected to go live in the first quarter of 2023.

Despite being in a bear market, the projects still seem to be raising and investing funds to improve the web3 ecosystem and the adoption of blockchain technology. On November 23, Cointelegraph reported that Onomy, an ecosystem based on the Cosmos blockchain, had raised millions from investors for the development of its new protocol; a project that aims to merge decentralized finance (DeFi) and the foreign exchange market.

On October 18, the Celestia Foundation also announced that it had raised $55 million in funding to build a modular blockchain architecture with the goal of solving the inherent challenges of deploying and scaling blockchains. blockchains. The company said it intends to build an infrastructure that will allow anyone with the technical know-how to easily deploy their own blockchain at a minimal cost.

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