20 million USD and 5 million DOT will be given to the new program to get Polkadot projects off the ground throughout 2024.
Business wire: #45m zug, switzerland the polkadot blockchain technology is the main project of the web3 foundation. Today, they announced that their decentralized futures program is now live and accepting applications. The program, which is backed by 20 million usd and 5 million dot until 2024, which is more than $45 million usd, will give money to teams and people who want to start big projects that help the polkadot environment grow.
The web3 foundation’s goal with the autonomous futures program is to give the polkadot community the tools they need to lead the decentralized growth of the polkadot environment. People and groups who want to help drive, enable, and improve the next generation of innovation in web3 can find out more at Web3.Foundation and share their thoughts on the polkadot forum.
At the start of the program, fabian gompf, ceo of the web3 foundation, said, “The foundation thinks its strongest asset is the community itself.” this view is strengthened by the independent futures program, which provides large investments and grants to speed up the growth of decentralized technologies. We are using the wide range of skills in our community by letting them lead the next part of polkadot’s growth. This is a move away from centralized control of the protocol. By doing this, the program takes a big step toward the foundation’s main goal of making the internet open so that users have control over their own data, identities, and futures.
The web3 foundation says that people and teams of all kinds, backgrounds, and fields will be able to apply for support. This includes, but isn’t limited to, projects that work on marketing, community events, ecosystem growth, infrastructure, and the common good. Projects that can show they can grow to become self-sufficient will be given money.
David hawig, technical advisor at the web3 foundation, talked about how important decentralized development is. He said, “We see decentralized governance and leadership as core values of web3 and polkadot.” this promise is made again with the autonomous futures program, which builds on the success of the web3 foundation’s grant program, which has given out $1,000 in funds as of september 20, 2023.
After fabian gompf was recently named ceo of the web3 foundation, the autonomous future program was made public. Before he became ceo of the foundation, fabian was on the council of the foundation. He was the vp of ecosystem development at parity technologies until 2022 and was a key part of building and releasing the polkadot network. Based on the exchange rates at the time of posting, the dollar worth of the funds backed by usd and dot is correct.
The web3 foundation is a non-profit group that helps web3 teams and open-source projects by giving them money, speaking out, doing research, and working together. The company was started in 2017 by dr. Gavin wood, who helped create ethereum and was its chief technology officer before that. Polkadot is the foundation’s most important project. Visit web3.Foundation to find out more.
Polkadot is the blockspace environment where new ideas can grow. It helps web3’s most creative people quickly bring their ideas to life. Polkadot is leading the way for a better web by making blockchain technology safe, modular, adaptable, effective, and affordable. Thanks for coming to silicon canals! Check out what we have to offer if you want to work with us.
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