Velas $5 Million Grant: WHAT YOU SHOULD KNOW
Velas is an Ecosystem of Decentralized products and is focused on accelerating the adoption of web 3.0. To achieve this Velas launches a $5 million grant to build in its ecosystem which is user friendly, transparent and respects privacy of users. Velas offers the following advantages for developers
- Solidity Support — Supports all contracts built on ETH
- Low-cost Transactions — Very low transaction fees
- Scalability — very fast transactions with 50000 TPS throughput
- Developer Support Program — grants for developers as well as marketing and fundraising support
- Composable — Never deal with multiple shards
These grants will cover a lot of tech startups that will cut across but not limited to;
- DeFi-related and DEX-related products
- NFT-related solutions
- Games and gaming;
- Educational
- Innovative games uniting blockchain and cryptocurrencies with AI, VR/AR and other high-tech domains.
- Crypto gamification
- Other games (strategies, collectibles, card games, etc.)
4. dApps that unite the Velas blockchain with traditional sectors — Banking, Healthcare, Manufacturing, etc.
5. Adoption of dApps — solutions that aid the adoption of cryptocurrencies and blockchain on a wide scale.
The funding will cover up to $100,000 in grants, this is in a bid to actively support developers that will create solutions that will increase the decentralization of the Velas ecosystem. With transparency being the backbone of this process, we will track the progress of projects on GitHub, with the opportunity for projects to get funding more than once, But that is if previous project has been completed.
Benefits a project will get from using Velas will include;
- Recruiting; assistance with staff recruitment from builders, developers to business development
- Networking; assistance with linkage to investors, funds and accelerators.
- Marketing; assistance in engaging with the key exchanges, finding good advisors, and build viral marketing campaigns.
- Grants; provision of grants for the creation of new tools and projects to increase the utility of Velas.
- Technical; a team of expert developers to help with the technical aspect of project development
- Research; assistance with all necessary research before going to market to explore new opportunities
You will want to look at the application process as well as investment criteria here
- Investment Criteria: https://docs.velas.com/grants/#investment-criteria
- Application Process: https://docs.velas.com/grants/#application-process
For standard and best practices, you will want to be sure you’re copyrighted and licensed, or better still seek help for that by our team.
Also before applying for the grants you may want to go through the Velas Grants Process here https://docs.velas.com/grant-process
Learn more about Velas here https://docs.velas.com/introduction
