Scalable blockchain network Casper announced the launch of its new Casper Accelerate Grant Program on Nov. 23, created to support developers and innovators who are building apps to support infrastructure, end-user applications, and research innovation on its blockchain.
JUST IN from @nextblockexpo:
We’re glad to announce the launch of a $25M Casper Accelerate Grant Program.
— Casper (@Casper_Network) November 23, 2022
The Casper Network is a Proof-of-Stake (PoS) enterprise-focused blockchain designed to help businesses to build private or permissioned apps, aimed at accelerating businesses and the adoption of blockchain technology. The network also boasts of solving the “scalability trilemma”, which revolves around “security, decentralization, and high throughput.” It also features 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 their use.
To complement the launch of its grant program, Casper said it is creating a new digital portal to support developers and innovators on the network with practical tools and code, to help build their products. The developer portal is scheduled to go live in the first quarter of 2023.
Despite being in a bear market, projects still appear to be raising and investing funds to improve the web3 ecosystem and the adoption of blockchain technology. On Nov 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 foreign exchange market.
On Oct. 18, Celestia Foundation also announced that it had raised $55 million in funding for building a modular blockchain architecture with the goal of solving challenges inherent to deploying and scaling blockchains. The company shared that it intends to build infrastructure that will make it easy for anyone with the technical know-how to deploy their own blockchain at minimal expense.