Starknet Foundation Launches $5 Million Grant Program
The Starknet Foundation has announced the introduction of a new grant program aimed at fostering innovation and growth within the Starknet ecosystem.
With a generous allocation of $5 million worth of USDC, the Seed Grants Program seeks to provide vital support to emerging projects on Starknet, an Ethereum layer-2 scaling solution leveraging zero-knowledge rollup technology.
The initiative is designed to assist at least 200 promising teams by awarding each recipient $25,000 in USDC.
These grants are intended to serve as a catalyst for projects in their final stages, offering them the necessary resources to successfully launch on Starknet.
Specifically targeting projects related to Starknet that have already developed a minimum viable product (MVP) or proof-of-concept, the grant program aims to lower barriers and alleviate burdens for young teams venturing into project development.
Introducing the Starknet Seed Grant Program! 🌱
— Starknet Foundation (@StarknetFndn) May 7, 2024
The Seed Grant Program is a new initiative designed to provide teams with grants up to $25,000 in USDC in non-dilutive funding to enhance the growth of the Starknet ecosystem.https://t.co/b1XuqgTfqD pic.twitter.com/8Ux9jTLHNP
Starknet’s burgeoning developer community underlines the platform’s growing appeal. According to Electric Capital’s 2023 Developer Report, monthly developers on Starknet surpassed 22,400 in December 2023, marking a remarkable 113% growth over the past three years from 10,500 in December 2020.
The Starknet network has emerged as a frontrunner in fully on-chain gaming, hosting notable projects such as Realms, Influence, and Dojo.
According to DappRadar data, blockchain gaming accounted for 35% of total decentralized application activity, with over 2.2 million daily unique active wallets.
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