Got a big blockchain idea? You could get $100,000 to develop it
A blockchain ecosystem is offering $100,000 in funding for developers with big ideas — incubating early-stage projects that can transform the crypto world in the future.
Callisto Network launched the We Fund You program in February 2022, and handpicked projects are also receiving technical support.
After receiving countless submissions, four startups received a grant – and now the EVM-enabled network is championing these promising projects.
One of them is GAT Network, which requested $50,000 in funding to establish a next-gen crypto market and NFT toolkit.
This team of five developers said they were drawn to Callisto Network due to low gas fees and high transaction speeds – not least because it “opens the door to interesting GameFi ideas that have been put on hold due to high costs” on competing channels.
Elsewhere, Power-C.ar requested $25,000 from this ecosystem, as well as technical and marketing support. This is an important milestone as it is the first NFT project to launch on the Callisto network.
Obtaining such funding can also open the door to new opportunities. The PowerCar developer then joined Callisto Enterprise to work on smart contracts, and his new employer acquired the project as well.
Support young developers
Callisto Network also says it has been committed to supporting passionate developers taking their first steps into this fast-paced industry.
At just 16 and 17 years old, Patrik Čermák and Mojmír Zálešák are the youngest developers to receive a grant from the We Fund You program – $25,000 to help people their age improve their investment skills.
Teramite will soon be offering courses and presentations that educate young people about cryptography, encryption, programming, investing, and math — resources that can be used in schools and public gatherings. And since these topics aren’t always taught in educational settings, it can be extremely valuable, preventing teens from making costly mistakes.
This content will be created in the coming months, along with a social media presence and a website. Teramite is targeting a Q4 2022 launch.
And rounding out the list of participants for We Fund You, Soy Finance, the DeFi platform is receiving an award for developing an auto-compounding feature for yield farmers.
Bringing big ideas to life
We Fund You is currently gearing up for another round, where even more developers will be invited to apply for funding. And going forward, Callisto Network aims to renew this initiative on a quarterly basis, which means there will be a steady stream of new, innovative projects in its pipeline.
Vladimír Vencálek, CEO of Callisto Network, told Cointelegraph that “over the past few years, it has become clear that a number of projects have managed to reach the top 100 mainly because of their marketing budget – and at the same time, many developers have great ideas but lack financial resources. Callisto Enterprise wants to leverage these financial and human resources to support talented developers.”
With the blockchain industry evolving so rapidly, there is a talent shortage, with many companies struggling to get cutting-edge concepts off the ground. Callisto Network opens doors to those who are still discovering how this sector works, by being at the forefront of innovation.
Basically, Callisto has taken a security-centric approach – and the project has its own security department, staffed by a team of decentralized auditors. In addition to auditing over 400 smart contracts, its experts have also made improvements to Ethereum (ETH), Ethereum Classic (ETC), EOS, and other chains and projects.
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