DUBAI, United Arab Emirates, Oct. 31, 2022 (GLOBE NEWSWIRE) — Coreum, a 3rd generation, layer-1 enterprise-grade blockchain, has announced the first wave of grant projects to be built on top of the network. Supported by Sologenic Development Foundation, the grant projects, including Zeeve, Telios, D’Cent Wallet, Stably, Common and Amber, will add significant value to the scalability and growth potential of the blockchain community. The Coreum blockchain provides core infrastructure for the future of decentralized blockchain applications, from asset tokenization and banking to the Metaverse and gaming sectors.
The first round of grant projects focuses on DeFi protocols and wallet components. Of these projects, blockchain infrastructure provider, Zeeve, will enable deployment and monitoring of multiple nodes in an automated manner. The protocol already supports major players in the space such as Bitcoin, Avalanche, R3 Corda, Tron and Fantom, and speaks to Coreum’s focus on enterprise solutions.
Additional grant projects include:
- Teliosa fully decentralized peer-to-peer email service provider that will allow users to send and receive encrypted messages and files;
- Usuala protocol that creates a next-generation loyalty system using an app to measure reductions in CO2 emissions resulting from activities performed by users;
- D’Cent walletan improved hardware wallet and the latest project from LoTrus;
- Ambera free-to-play game and metaverse platform that invites users to create worlds, establish connections, play games and trade virtual real estate and other assets of tangible monetary value;
- Stablewhich provides regulatory-compliant stablecoin infrastructure and multi-chain fiat on/off ramps for new blockchains.
“During this bear market, when many cryptocurrencies and projects are declining in value, major players are returning to basics by investing in the underlying technology – in Layer-1 projects,” said Sologenic co-founder Bob Ras. “As an enterprise grade blockchain, Coreum’s modular and interoperable design provides the core infrastructure necessary for these grant projects to flourish, especially amid these market conditions.”
According to the grant timeline, selected projects are expected to start development in early November along with the Deevnet Governance Update. The second wave of grant projects will be announced soon to further accelerate the creation of a sustainable, community-owned blockchain. By supporting a multitude of Web3 native projects, Coreum is paving the way for mass adoption of blockchain technology among enterprise entities.
About Coreum
Coreum is an enterprise-grade blockchain (EGB) built by the Sologenic Development Foundation. With the ability to process up to 7,000 transactions per second with a unified group of 32 validators, Coreum prioritizes breakthrough speed. Coreum also brings a low-latency proof-of-stake blockchain to a wide range of audiences seeking access to a multi-chain, interoperable future. EGB is a new standard introduced by Coreum for blockchain networks specifically designed to provide the essential tools and infrastructure for businesses of all sizes to build and run decentralized applications.
About the Sologenic Development Foundation
The Sologenic Development Foundation is an independent community of developers actively working on various open source projects and use cases around the SOLO and CORE tokens. More information can be found at www.sologenic.org
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