Covalent Plans to Grant $2.5M to ConsenSys Grant Program

Covalent Plans to Grant $2.5M to ConsenSys Grant Program

Blockchain data analytics provider Covalent (CQT) announced early Tuesday that it plans to grant $2.5 million worth of its native token to the ConsenSys Grants Program. The grant will be used to support the development of Web3 projects and accelerate the adoption of blockchain technology. Covalent's grant is part of its broader commitment to supporting the growth of the blockchain ecosystem. The company has previously partnered with a number of other projects, including the Ethereum Foundation and the Cosmos Network. ConsenSys is a leading blockchain software company that provides a suite of tools and services for developers and enterprises. The ConsenSys Grants Program was launched in 2021 to support the development of early-stage blockchain projects. The grant from Covalent will be used to fund a variety of projects, including those focused on data analytics, developer tooling, and infrastructure. Covalent is also providing technical support to the ConsenSys Grants Program team. The partnership between Covalent and ConsenSys is a major step forward for the blockchain ecosystem. It will provide funding and support to a new generation of blockchain projects and help to accelerate the adoption of blockchain technology.