StarkNet Foundation Unveils $25 Million Grant Program for Ecosystem Growth
CryptoNewsTerminal Staff28 May, 2024
StarkNet Foundation Unveils $25 Million Grant Program for Ecosystem Growth
The StarkNet Foundation has announced the launch of its Catalyst program, a $25 million token incentive initiative designed to foster the growth of the StarkNet ecosystem. The program will allocate 20 million STRK tokens to 21 selected projects, providing them with resources to accelerate their development and contribute to the expansion of the StarkNet network. StarkNet, a Layer 2 scaling solution for Ethereum, aims to enhance the network's scalability and transaction speed. The Catalyst program seeks to attract and support projects that align with the vision of a thriving StarkNet ecosystem. By providing financial and technical assistance, the Foundation hopes to encourage innovation, foster collaboration, and drive the adoption of StarkNet technology.
