VeChain, a prominent blockchain ecosystem, has unveiled Grants 2.0, a program that offers a maximum funding of $100,000 and reinforces the platform’s dedication to sustainable blockchain development. Projects that align with VeChain’s X-2-Earn vision for decentralized applications (dApps) will have an advantage in their application process, with successful applicants gaining the opportunity to collaborate with the Boston Consulting Group (BCG).
The upgraded Grant 2.0 program, launched by VeChain, provides developers within the ecosystem with increased maximum grant funding, surpassing the previous cap by more than 300%. Furthermore, successful applicants will receive mentorship from a wider array of industry leaders, including the chance to work alongside BCG.
VeChain announced the introduction of Grants 2.0 on Thursday, with CEO Sunny Lu emphasizing the foundation’s commitment to developers, a crucial group within the ecosystem. Previously, the maximum grant funding was capped at $30,000, but now successful applicants can receive up to $100,000.
Additionally, successful applicants will receive marketing assistance to promote their products and services to a wider audience. These program updates were implemented in response to feedback received by the foundation. Furthermore, the foundation reaffirmed its support for developers, recognizing their role as catalysts for the transition towards sustainable work and living practices.
In addition to the aforementioned changes, developers will find the proposal submission process more streamlined, thanks to the foundation’s launch of a customized website that expedites the process. Apart from the overall grant, developers will also have access to microgrants tailored to specific needs, such as tool integrations.
VeChain’s Grants 2.0 program reflects its commitment to sustainability through its X-2-Earn vision. The ecosystem has been actively collaborating with renowned partners to foster a sustainable economy, with BCG being one of its key allies in this endeavor.
The foundation remains dedicated to supporting developers working on sustainability-focused products and services through the Grants 2.0 program. According to CEO Sunny Lu, blockchain technology is a powerful tool that incentivizes sustainable actions at both individual and enterprise levels, and developers play a pivotal role in creating the applications that drive this change. VeChain’s unwavering commitment to developers aligns with its mission to foster global collective impact.
Under the new Grants 2.0 program, projects that align with VeChain’s X-2-Earn vision will have a higher likelihood of success. X-2-Earn is a Web3 economic model in which users are rewarded for various actions, such as play-to-earn in the gaming sector and move-to-earn in the fitness sector.
VeChain has notably incentivized users of its VeChainThor-based ecosystem to engage in sustainable actions in exchange for financial rewards. By shifting its focus solely to sustainability and increasing the maximum funding amount to $100,000, VeChain aims to provide developers with the necessary support to create applications that lead to a brighter future.
In addition to its collaboration with BCG, VeChain powers blockchain applications for renowned global companies, including Walmart, BMW, UFC, and China Unicom.