Web3 Foundation Unveils Multi-Million Dollar Bounty Pool for Polkadot's JAM Upgrade

IconCryptoNewsTerminal Staff15 Jun, 2024

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Web3 Foundation Unveils Multi-Million Dollar Bounty Pool for Polkadot's JAM Upgrade

The Web3 Foundation has allocated a substantial bounty pool worth approximately $62.4 million to support the implementation of the Join-Accumulate Machine (JAM) upgrade on the Polkadot blockchain network. This initiative aims to encourage developers to leverage JAM, a protocol designed to enhance data management and interoperability. The Web3 Foundation believes that JAM will reinforce Polkadot's role as a leader in shaping industry standards and driving blockchain innovation.