At Extreme Investor Network, we are excited to share the latest updates from the world of cryptocurrency and blockchain. The IOTA Foundation recently awarded $2.36 million in grants to 20 blockchain projects as part of its IOTA Grants program. This initiative aims to foster innovation within the IOTA ecosystem by providing financial support to a diverse range of projects.
Grant Program Overview:
The IOTA Grants program received 82 applications, out of which 20 projects were selected for funding. These projects span various categories including decentralized exchanges (DEX), NFT marketplaces, GameFi, and tooling. The total awarded amount stands at $2,365,000, showcasing the commitment to supporting innovative ideas within the blockchain space.
Highlighted Grant Recipients:
Here are some of the standout projects that received grants:
1. SYMMIO / IntentX: A platform offering Derivatives as a Service for decentralized exchanges.
2. Velocimeter / Graphene: A protocol optimizing token emissions and liquidity provision for increased efficiency.
3. MagicSea: A DEX and NFT marketplace on IOTA EVM supporting promising projects.
4. EpochZero: NFT marketplace providing insights and data through analytics.
5. Single Finance: Yield and asset management platform offering risk management strategies for maximizing returns.
These projects represent the diversity and innovation present within the IOTA ecosystem, pushing boundaries and driving growth within the blockchain space. By following these projects, investors can stay engaged with the latest developments and opportunities within the industry.
At Extreme Investor Network, we strive to provide valuable insights and updates on the cryptocurrency and blockchain landscape. Stay tuned for more updates and information on emerging trends and projects within the industry. Join us as we explore the exciting world of crypto and blockchain technology together.