Bittime - The Starknet Foundation has just announced a grant program worth US$5 million in USDC to support projects that are developing on the Starknet network.
US$5 Million Grant Program for Promising Projects
This grant program, called the "Seed Grants Program", aims to provide support to a minimum of 200 development teams that are considered to have bright prospects. Each selected team will receive a grant of US$25,000 in USDC.
According to Diego Oliva, CEO of the Starknet Foundation, this grant program was launched to address the main challenges faced by Starknet developers today. Oliva explained that Starknet has carefully listened to developers' concerns and understands the main challenges they face.
Many of them have amazing ideas and creativity, but they need support to get through the challenging final stages of the project development process until it can finally be launched.
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Clear Selection Criteria
This grant program is aimed at projects that are related to Starknet and have a Minimum Viable Product (MVP) or Proof of Concept. Oliva emphasized that the main goal of the program is to encourage innovation in the blockchain space.
Olivia added that Starknet wants to reduce the barriers and burdens faced by young development teams when they want to start a project. Starknet also strives to pave the way for innovation.
Starknet: An Attractive Ecosystem for Developers
The Starknet network has succeeded in attracting developers to join their ecosystem. According to Electric Capital's 2023 Developer Report, the number of monthly developers on Starknet has increased rapidly.
As of December 2023, there will be more than 22,400 active developers on Starknet. This figure shows an increase of more than 113% compared to December 2020, namely 10,500 developers.
Also Read: What is Starknet: Ethereum Star with Rollup and ZK-STARK
Blockchain Games: The Most Interesting Projects
When asked about the most interesting projects and protocol categories being built on Starknet, Oliva noted that blockchain gaming remains the top use case. B
Olivia said that Starknet is leading the way in overall on-chain gaming development. Notable projects in this area include Realms, Influence, and Dojo. The sector is growing quickly, with more and more teams building on Starknet using Dojo standards.
Blockchain games are not only important for gamers, but also for everyone because these games require a reliable network, so they can test their abilities and show the strength of the Starknet network.
Data from DappRadar shows that blockchain gaming accounts for 35% of total Decentralized Application (dApp) activity, with more than 2.2 million unique daily active wallets.
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Strategic Steps
The US$5 million grant program initiated by the Starknet Foundation is a strategic step to support innovation on the Starknet network. With a focus on promising projects and clear selection criteria, the program is expected to drive the growth of the Starknet ecosystem and advance the development of blockchain technology as a whole.
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Also Read:
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Experts Join! Starknet Foundation Forms Blockchain Game Innovation Council!
Starknet Foundation Launches Propulsion Program to Drive Game and dApp Development
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