Scalable blockchain network Casper announced on November 23 the launch of its new Casper Accelerate Grants program, designed to support developers and innovators looking to build infrastructure, end-user applications and research innovation on their blockchain. Create an app for.
from the bus @nextblockexpo,
We are pleased to announce the launch of the $25 million Casper Accelerate Grants program.
learn more pic.twitter.com/V8KszHEjM3
— Casper (@Casper_Network) November 23, 2022
Casper Network is a proof-of-stake (PoS) enterprise-focused blockchain designed to help companies build private or permissioned apps, with the goal of accelerating business and adoption of blockchain technology. The network also claims to solve the “scalability trilemma” which revolves around “security, decentralization and high throughput”. It includes upgradeable smart contracts, relatively low gas costs compared to other Layer 1 blockchains, and developer-friendly features to make the protocol easier to develop as companies expand their use.
To complement the launch of its grant program, Casper said it is creating a new digital portal to support developers and innovators across the network with practical tools and code to help them build their products. The developer portal is expected to go live in the first quarter of 2023.
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Despite being in a bear market, projects still seem to be raising funds and investing in improving the Web3 ecosystem and adopting blockchain technology. On November 23, Cointelegraph reported that Onomi, a Cosmos blockchain-based ecosystem, has raised millions from investors for the development of its new protocol; A project that attempts to merge decentralized finance (DeFi) and the forex market.
On October 18, the Celestia Foundation also announced that it has raised $55 million to build a modular blockchain architecture with the goal of solving the challenges inherent in implementing and scaling blockchain. The company shared that it plans to build an infrastructure that will make it easy for anyone with technical knowledge to deploy their own blockchain at minimal cost.