The funding announcements are part of Moonbeam’s new Moonrise initiative, signaling the next phase in evolution for the leading solution for integrated Web3 networks.
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Applications for Season 01 of the Community Grants Program open today Jun 11, 2024 and close Aug 31, 2024.
Dubbed the Nibiru Builder Grants, the initiative allocates about 2.5% of its current token supply to support various development projects with $5M targeted at developers in Asia.
“This initiative will pave the way for a more robust Web3 space, where AI and blockchain will unlock new possibilities and redefine what is possible in the digital domain,” states Ilan Rakhmanov, CEO and Founder of ChainGPT.