10% of $100 million grant program earmarked for affected builders
Kadena is the blockchain for builders — the people who are building the next generation of the Internet. Whether you’re new to Web3 or an experienced Web3 developer who’s been impacted by recent events in the crypto industry, we’re here to help. This is a moment of reckoning. Not just for builders, but for the crypto community as a whole.
At Kadena, we believe that a thriving ecosystem for builders is rooted in solid tech. This gives us hope and optimism for the future. We’ve created the only scalable, layer-1 proof of work platform capable of settling the equivalent of millions of daily trades executed on the NYSE for everything from DeFi and NFTs to other crypto innovations.
We’re committed to delivering continued improvements to better our user experience in building on our platform. While much of the tech and innovation sector is currently experiencing hiring freezes, we’re looking to double our team of world-class engineers and operators by the end of 2022.
And we’re excited to form long-term partnerships with the best innovators and builders in the world. That’s why we’re investing $100 million in a grant program to support web3 developers, with 10% of that grant money earmarked to help projects and communities that stalled as a result of recent developments within the web3 industry.
Kadena is a proprietary, multi-chain architecture with tools made for everyone. Never before has blockchain technology offered such speed, scale, and energy efficiency. Kadena combines the functionality of blockchain tech with the accessibility of today’s Internet, making it the perfect platform for builders to create their projects.
That’s because Kadena scales horizontally with a truly sharded system, enabling us to scale proof of work infinitely. Kadena’s Layer 1 proof of work blockchain, Chainweb, provides limitless scalability in a consensus mechanism that utilizes an innovative system of ‘braiding’ between multiple parallel ‘peer’ chains. And Kadena’s unique infinitely-scalable architecture and revolutionary smart contract language, Pact, delivers the critical features that allow builders to deliver Web3 innovation and fundamentals with Web2 usability.
The result is the next-generation blockchain: one that combines the superior security of proof of work chains like Bitcoin with the benefits of proof of stake — speed, scalability, and lower gas fees and emissions.
We know that some developers are hurting right now, and Kadena is not sitting on the sidelines.
Recently, we introduced Kadena Eco’s $100 million grant program. In order to aid builders, we’re earmarking 10% of our grant program specifically to help projects impacted by recent events in the blockchain industry to migrate to Kadena’s network.
Affected builders won’t just receive money from Kadena. Our Kadena grant program entails much more. We’ve established five strategic components that Kadena Eco offers to support founders and entrepreneurs:
An incubator for hands-on technical development to advance builder skills and ideas
An accelerator for early capital and guidance to empower startups from launch to scale
R&D to architect the Kadena infrastructure required to transform complex technical concepts into real-world practical applications
A grant program to support community-oriented projects
A venture fund offering smart capital and strategic growth and operational expertise to propel companies using or pivoting to Kadena’s blockchain platform to realize their vision
We’ve already distributed grant funds to an array of innovative companies in the early and concept stages. Our first round of grant recipients will be announced in this space in the coming weeks. Continue following us on Medium to stay apprised of what’s new.
So, builders, we’ve got your back. Do your research, investigate blockchain partners, and remember that we exist to turbocharge your vision.
For the industry as a whole, it’s time to focus on the fundamentals of building real products.
Kadena’s world-class ecosystem is grounded in safe, secure, and scalable tech to support builders and entrepreneurs of all kinds, at any stage in their journey.
No matter how you come to Kadena, our deep investments in blockchain technology are making crypto safer, more stable, and better for the future.