IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects

The IOTA Basis has awarded $2.36 million in grants to twenty blockchain initiatives as a part of its ongoing IOTA Grants program, in response to the IOTA Basis Weblog. The initiative goals to foster innovation inside the IOTA ecosystem by offering monetary assist to a various vary of initiatives.

Grant Program Overview

Because the final replace, the IOTA Grants program acquired 82 purposes, out of which 20 had been chosen for funding. The full awarded quantity stands at $2,365,000, supporting initiatives throughout varied classes together with decentralized exchanges (DEX), NFT marketplaces, GameFi, and tooling.

Highlighted Grant Recipients

SYMMIO / IntentX

Class: Perpetuals
Web site:  / X: @symm_io

SYMMIO is an omnichain settlement and clearing layer for derivatives. It provides Derivatives as a Service (DaaS), enabling decentralized exchanges to introduce derivatives merchandise seamlessly.

Velocimeter / Graphene

Class: DEX
Web site:  /  X: @VelocimeterDEX

Velocimeter is a ve33 protocol with modifications to optimize token emissions and liquidity provision, aiming to supply extra flexibility and effectivity.


Class: DEX
Web site: / X: @PopsicleFinance

WAGMI protocol focuses on superior liquidity provision methods and leverage, using concentrated liquidity to optimize returns.


Class: DEX & NFT Market
Web site:  / X: @MagicSeaDEX

MagicSea is a DEX and NFT market on IOTA EVM, designed to spice up the ecosystem’s progress by supporting promising initiatives by a complete builders program.


Class: DEX
Web site:  / X: @otseaERC20

OTSea facilitates peer-to-peer trades throughout varied chains and provides options like an auto-match system and purchase/promote orders to guard customers from scams through trustless good contracts.


Class: NFT Market
Web site:  /  X: @Epoch_0

EpochZero supplies NFT analytics and a market, delivering insights and knowledge by a resident bot and an online portal, enhancing consumer expertise and market engagement.


Class: Yield & Asset Administration
Web site:  /  X: @furucombo

Furucombo allows customers to create and execute advanced DeFi transactions by a user-friendly interface, aiming to reinforce the IOTA ecosystem by attracting extra customers and funds.


Class: Yield & Asset Administration
Web site:  /  X: @ApeBond

ApeBond, previously ApeSwap, focuses on decentralized fundraising and OTC providers to assist initiatives increase capital and liquidity with out impacting token costs negatively.


Class: Tooling
Web site:  /  X: @sherlockdefi

Sherlock’s Audit Subsidy Program supplies monetary help for good contract audits, enhancing safety and inspiring protocol improvement on IOTA.

Single Finance

Class: Yield & Asset Administration
Web site:  /  X: @single_finance

Single Finance provides efficiency analytics, auto-compounding, and danger administration methods to maximise yield farming returns whereas minimizing dangers.

Rango Alternate

Class: Aggregator
Web site:  /  X: @RangoExchange

Rango is a bridge and DEX aggregator supporting over 55 blockchains, aiming to reinforce usability and appeal to extra customers to the IOTA community.


Class: GameFi
Web site:  / X: @SaltminesCo

Saltmines is a Participant vs. Participant battle area racer that includes EVM-to-EVM battles, designed to draw Web2 customers into the Web3 house by partaking gameplay.

The IOTA Grants program continues to drive innovation throughout the blockchain house, supporting a variety of initiatives that contribute to the expansion and improvement of the IOTA ecosystem. Keep up to date and have interaction with these modern initiatives by following them on X.

Picture supply: Shutterstock

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