Starknet Foundation Unveils $5M Grant, Boosting Crypto Innovation with Coin Name and Symbol

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The Starknet Foundation has launched a $5 million grant initiative to support blockchain projects nearing completion.
The grant, denominated in USD Coin (USDC), aims to alleviate financial hurdles faced by developers in the final stages of their projects.
This move underscores the Foundation’s commitment to fostering innovation within the Starknet ecosystem.

The Starknet Foundation is bolstering blockchain development by launching a $5 million grant program, aimed at aiding developers in the final stages of their projects.

Boosting Blockchain Development through Financial Support

The grant is specifically designed to fund projects that are in the advanced stages and ready to be launched on Starknet’s platform, a ZK-rollup based Ethereum Layer-2 scaling solution. The program plans to distribute $25,000 to each of at least 200 qualifying teams, fostering a significant boost in blockchain development and implementation.