The Casper Association is launching a $25 million grant to support developers on its blockchain

The Casper Association is launching a  million grant to support developers on its blockchain

Scalable blockchain network Casper announced the launch of its new Casper Accelerate Grant Program on November 23, created to support developers and innovators building apps to support infrastructure, end-user applications and research on blockchain innovation.

The Casper Network is a Proof-of-Stake (PoS) enterprise-focused blockchain designed to help businesses build private or permissioned apps, aimed at accelerating businesses and adopting blockchain technology. The network also boasts of solving the “scalability trilemma,” which revolves around “security, decentralization, and high throughput.” It also has upgradeable smart contracts, relatively lower gas fees compared to other Layer 1 blockchains, and developer-friendly features to make it easier for the protocol to evolve as businesses expand its use.

To complement the launch of the grant program, Casper said it is creating a new digital portal to support developers and innovators on the network with hands-on tools and code to help build their products. The developer portal is scheduled to be published in the first quarter of 2023.

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Despite being in a bear market, it seems that projects are still raising and investing funds to improve the web3 ecosystem and adopt blockchain technology. On November 23, Cointelegraph reported that Onomy, a Cosmos blockchain-based ecosystem, raised millions from investors for the development of its new protocol; a project that seeks to merge decentralized finance (DeFi) and the currency market.

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On October 18, the Celestia Foundation also announced that it had raised $55 million in funding to build a modular blockchain architecture aimed at solving challenges inherent in deploying and scaling blockchains. The company shared that it intends to build infrastructure that will make it easy for anyone with technical knowledge to deploy their own blockchain with minimal cost.