Have a big blockchain idea? You could get $100,000 to develop it

A blockchain ecosystem is providing $100,000 in funding to builders with huge concepts — incubating early-stage tasks that may remodel the crypto world sooner or later.

Callisto Community launched the We Fund You program in February 2022, and hand-picked tasks additionally get to learn from technical assist.

After receiving numerous submissions, 4 startups had been awarded a grant — and now, the EVM-compatible community is championing these up-and-coming tasks.

One in every of them is GAT Community, which requested $50,000 in funding because it establishes a next-generation crypto market and NFT toolbox.

This crew of 5  builders mentioned they had been drawn to Callisto Network due to low gasoline charges and excessive transaction speeds — not least as a result of this “opens the door to attention-grabbing GameFi concepts that had been placed on maintain attributable to excessive prices” on rival chains.

Elsewhere, Energy-C.ar requested $25,000 from this ecosystem, together with technical and advertising and marketing assist. It is a important milestone as a result of that is the primary NFT undertaking to be launched on the Callisto Community.

Securing such funding can even open the door to new alternatives. PowerCar’s developer went on to affix Callisto Enterprise to work on sensible contracts, and his new employer additionally acquired the undertaking.

Supporting younger builders

Callisto Community additionally says it has been decided to assist passionate builders who’re taking their very first steps into this fast-moving trade.

At simply 16 and 17 years previous, Patrik Čermák and Mojmír Zálešák are the youngest builders to obtain a grant from the We Fund You program — $25,000 so as to assist folks their age elevate their funding expertise.

Teramite will quickly supply programs and displays that educate kids about crypto, encryption, programming, investments and math — sources that can be utilized in faculties and public conferences. And given how such matters aren’t all the time taught in academic settings, this may be extraordinarily precious, stopping youngsters from making expensive errors.

This content material is being created within the coming months, together with a social media presence and web site. Teramite goals to launch within the fourth quarter of 2022.

And rounding off the listing of We Fund You contributors is Soy Finance, the DeFi platform is receiving an award to develop an auto-compound perform for yield farmers.

Bringing nice concepts to life

We Fund You is presently gearing up for an additional spherical, the place much more builders shall be invited to use for funding. And going ahead, Callisto Community goals to resume this initiative on a quarterly foundation, which means there shall be a relentless circulation of revolutionary new tasks in its pipeline.

Vladimír Vencálek, the CEO of Callisto Community, informed Cointelegraph that “lately, it has develop into clear that a variety of tasks have managed to succeed in the highest 100 primarily due to their advertising and marketing finances — and on the similar time, many builders have nice concepts however lack the monetary sources. Callisto Enterprise desires to leverage these monetary and human sources to assist proficient builders.”

With the blockchain trade shifting so speedily, there is a scarcity of expertise — with many firms struggling to get cutting-edge ideas off the bottom. Callisto Community is opening doorways for many who are nonetheless discovering how this sector works, having fun with a entrance row seat as innovation takes place.

Crucially, Callisto has adopted a security-first method — and the undertaking boasts its personal safety division, consisting of a crew of decentralized auditors. In addition to auditing over 400 sensible contracts, its specialists have additionally contributed enhancements to Ethereum (ETH), Ethereum Basic (ETC), EOS and different chains and tasks.