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The Starknet Foundation’s $5 Million Seed Grants Programme
The Starknet Foundation recently announced a new initiative to support emerging projects on the network through a $5 million seed grant program. This program aims to boost blockchain innovation and provide a final push to help projects launch on Starknet.
Grant Details
- The grant targets Starknet-related projects that have already developed a minimum viable product (MVP) or proof-of-concept.
- At least 200 promising teams will receive $25,000 in USD Coin to support their development.
Application Process
The Seed Grants Programme will use a simplified application and evaluation process to maximize engagement. The decision on grant allocation is expected to be made approximately two weeks after submission. While previous participants in Starknet will receive priority, the opportunity is open to all developers.
The Rise of Starknet
Starknet has witnessed increasing adoption as developers migrate to its ecosystem for its low fees, scalability, and developer-focused toolset. The seed grant aims to provide financial backing to projects in need.
“Starknet is home to the fastest-growing Layer 2 (L2) developer community due to its novel approach to scaling Ethereum and making it economically feasible to build even the most complex dApps,” the report stated.
According to Electric Capital’s 2023 Developer Report, the number of monthly developers using Starknet rose to 730 in December 2023, marking a 265% increase from 2021.
Starknet x Nevermind Grant
Starknet’s commitment to advancing blockchain development extends to less established teams through a $1 million partnership with Nevermind. This initiative supports applications and products on Starknet, offering grants ranging from $50,000 to $250,000 to advance the ecosystem with innovative, user-facing products.
This opportunity is open to teams at all stages of development, providing support for integrating existing products, proof of concepts, or new ideas. Experienced engineers and advisors will be available to offer design advice, technical guidance, and support.
Starknet’s ecosystem will facilitate partnerships, collaborations, and future funding opportunities for builders in the community.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
