Wed, May 08, 2024 at 01:15

• 

  Joy

  • Hey Annie!🎉 Guess what?

  • The Starknet Foundation just announced a new $5 million seed grant program to support emerging projects on their network.

  • This is a huge boost for blockchain innovation!

  • 
• Annie

  • Really?

  • That sounds like a big deal!😮 So, how does this grant program work?

  
• 

  Joy

  • Well, it's pretty simple.

  • The Seed Grants Programme will support at least 200 promising teams with $25,000 in USD Coin to help them launch their projects on Starknet.

  • 

  • It's like giving them a final push!🚀

  • 
• Annie

  • Oh, I see.

  • So, these grants are only for projects that are almost ready to launch?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Joy

  • Exactly!

  • The grant targets Starknet-related projects that have already developed a minimum viable product (MVP) or proof-of-concept.

  • So, they're looking for projects that are pretty much ready to go but just need that final financial push.💪

• Annie

  • That sounds fair.

  • But how do they decide who gets the grant?

  
• 

  Joy

  • They've designed a simplified application and evaluation process to maximize engagement.

  • And the best part?

  • The grant will be quickly distributed, aiming to provide a decision approximately two weeks after submission.

  • Fast and efficient, right?🏃‍♀️

• Annie

  • That's impressive!

  • But what about those who have previously participated in Starknet?

  • Do they get any special treatment?

  
• 

  Joy

  • Good question!

  • While those who have previously participated in Starknet will get priority, the opportunity is open to all developers.

  • So, it's not exclusive, but previous participants do have a bit of an edge.😉

• Annie

  • I see.

  • And why are developers attracted to Starknet?

  
• 

  Joy

  • Well, Starknet has seen increasing adoption as developers migrate to its ecosystem to take advantage of its low fees, scalability, and developer-focused toolset.

  • Plus, it's home to the fastest-growing Layer 2 (L2) developer community due to its novel approach to scaling Ethereum.🚀

• Annie

  • That sounds promising!

  • So, is this news good or bad for the market?

  
• 

  Joy

  • Definitely good news!

  • This grant program will likely stimulate more innovation and development in the blockchain space, which could lead to more adoption and growth for Starknet and the broader market.

  • 

  • So, it's a win-win situation!🎉

  • To sum up, this article is considered a 😍Bullish for investors!!