Radix Raises $10 Million Ecosystem Fund to Support Developers
CryptoNewsTerminal Staff31 May, 2024
Radix Raises $10 Million Ecosystem Fund to Support Developers
Radix, a Layer-1 blockchain project, has launched a $10 million ecosystem fund to support developers building decentralized applications (dApps) on its platform. The ecosystem fund includes a $250,000 Radix Foundry program to support dApp developers and an expansion of the existing $15,000 Booster Grants to $160,000. The Radix Foundry program will provide resources and mentorship to early-stage dApp developers, while the Booster Grants will provide funding for projects that demonstrate high potential. The ecosystem fund is part of Radix's broader efforts to support the growth of its ecosystem and attract developers to its platform. Radix is a Layer-1 blockchain project that uses a unique consensus mechanism called "Cerberus" to achieve high scalability and security. Radix claims that its platform can handle up to 1.4 million transactions per second, making it one of the fastest Layer-1 blockchains in the industry. The launch of the ecosystem fund is a significant step for Radix as it looks to attract developers and build out its ecosystem. The fund will provide much-needed resources to dApp developers and help to accelerate the growth of the Radix ecosystem.
