The Starknet Foundation has unveiled a $5 million grant program in USD Coin (USDC) to provide support for projects built on the Starknet (STRK) network. The funding is aimed at assisting developers in the final stages of their blockchain projects and promoting overall innovation in the blockchain space.
The $5 million grant program will serve as a boost to help launch projects on Starknet, which is a ZK-rollup based Ethereum Layer-2 scaling solution. The program aims to support at least 200 project teams with $25,000 each, providing the necessary resources for their successful launch.
Diego Oliva, the CEO of the Starknet Foundation, explained that the grant program was created to address the fundamental challenges faced by Starknet developers. He highlighted the difficulties in securing funding for creative and visionary projects, and stated that the grant program was designed to solve this problem directly and with minimal bureaucracy.
The grant program will specifically target projects related to Starknet that have already developed a minimum viable product (MVP) or proof of concept. The goal is to encourage more innovation in the blockchain space by reducing the barriers and burdens faced by young teams when launching their projects.
Starknet has been successful in attracting a growing number of developers to its ecosystem. The latest developer report shows that the total number of active developers per month has more than doubled from 10,500 in December 2020 to over 22,400 in December 2023. With the introduction of the $5 million grant program, it is expected that more developers will join the ecosystem.
When asked about the most exciting projects and protocol categories being built on Starknet, Oliva highlighted the importance of blockchain-based gaming. He mentioned projects like Realms, Influence, and Dojo, which are leading the way in fully on-chain gaming. The gaming sector is rapidly growing, with more teams adopting the Dojo standard on Starknet. Blockchain-based games currently account for 35% of total decentralized application (dApp) activity, with over 2.2 million unique active wallet addresses daily, according to data from DappRadar.
It is important to note that the information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
