As an analyst with a background in blockchain technology and experience in grant programs, I am thrilled about the Starknet Foundation’s new $5 million Seed Grants Program. This initiative comes at an opportune time for the Starknet ecosystem, which has seen a significant increase in developer activity and interest.
The Starknet Foundation unveiled a fresh grant initiative, allocating $5 million in USDC for up-and-coming projects within their network.
The recently announced Seed Grants Program, valued at $5 million, aims to provide financial backing for around 200 promising teams. Each selected team will receive a grant of $25,000 in USDC, serving as a final boost to help bring their advanced projects to fruition on Starknet – an Ethereum expansion utilizing ZK-rollup technology.
As a researcher delving into the latest developments within the Starknet community, I’ve come across an exciting piece of news. According to Diego Oliva, the CEO of Starknet Foundation, the recent announcement of a $5 million grants program was initiated in direct response to the primary hurdles faced by current Starknet developers.
“We’ve been listening carefully to devs, and hearing about the main challenges they face. We are talking about people with amazing creativity and vision, who need support with that ever-hard ‘last mile’ to get a project over the line and into production. So we responded with this program which is intended, very directly and with minimal bureaucracy, to address this.”
The grant focuses on funding Starknet projects that have progressed past the minimum viable product (MVP) or proof-of-concept stage. As stated by Oliva, the primary objective is to encourage further advancements in blockchain technology. He further explained:
“In general, we want to reduce the barriers and burdens young teams face when considering starting a project. We’re trying to clear the path to innovation.”
As a researcher studying the blockchain ecosystem, I’ve observed a significant surge in interest towards Starknet. The number of monthly developers working on this platform has grown remarkably, reaching over 22,400 in December 2023. This represents an impressive increase of more than 113% from the 10,500 developers recorded in December 2020.
Web3 gaming remains a top utility driver for Starknet and the wider blockchain space
As a researcher exploring the vibrant world of Starknet projects, I’ve discovered that blockchain gaming continues to captivate developers and users alike. This use case, which I’ve had the pleasure of investigating in depth, holds immense potential for innovation and growth within the Starknet ecosystem.
“Starknet is leading the way in fully on-chain gaming. Key projects in this area include Realms, Influence, and Dojo. This sector is growing fast, with more teams building on Starknet using the Dojo standard. Gaming is important not just for gamers but for everyone because it’s demanding on the network, testing its capabilities and demonstrating its power.”
According to DappRadar’s latest findings, blockchain gaming platforms contributed to approximately 35% of the overall daily activity in the decentralized applications (DApp) sector. Moreover, there were around 2.2 million distinct wallets engaging in these games on a daily basis.
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2024-05-07 12:09