Neo Launches $20 Million Grant Program for Neo X TestNet Development

IconCryptoNewsTerminal Staff25 Jul, 2024

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Neo Launches $20 Million Grant Program for Neo X TestNet Development

Neo, the foundational Layer 1 blockchain network, has announced the launch of a $20 million grant program to support the development of its Neo X TestNet. The program is aimed at attracting developers and projects to build on the Neo X TestNet and contribute to the ecosystem's growth. Developers and projects can apply for grants or investment to support their development efforts on the Neo X TestNet. The program is open to a wide range of projects, including dApps, tools, and infrastructure. Neo X is the next-generation blockchain platform from Neo. It features a number of improvements over the current Neo blockchain, including increased scalability, interoperability, and security. The Neo X TestNet is a pre-release version of the Neo X blockchain that allows developers to test their applications and provide feedback. The launch of the Neo X TestNet Development Support Program is a significant step forward for the Neo ecosystem. It will help to attract developers and projects to build on the Neo X platform and contribute to its growth.