Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects

IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects

Blockchainnews2024/06/11 16:58
By:Rongchai Wang

The IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA Grants program, according to the IOTA Foundation Blog. The initiative aims to foster innovation within the IOTA ecosystem by providing financial support to a diverse range of projects.

Grant Program Overview

Since the last update, the IOTA Grants program received 82 applications, out of which 20 were selected for funding. The total awarded amount stands at $2,365,000, supporting projects across various categories including decentralized exchanges (DEX), NFT marketplaces, GameFi, and tooling.

Highlighted Grant Recipients

SYMMIO / IntentX

Category: Perpetuals
Website: www.symm.io  / X: @symm_io

SYMMIO is an omnichain settlement and clearing layer for derivatives. It offers Derivatives as a Service (DaaS), enabling decentralized exchanges to introduce derivatives products seamlessly.

Velocimeter / Graphene

Category: DEX
Website: www.velocimeter.xyz  /  X: @VelocimeterDEX

Velocimeter is a ve33 protocol with modifications to optimize token emissions and liquidity provision, aiming to offer more flexibility and efficiency.

WAGMI

Category: DEX
Website: wagmi.com / X: @PopsicleFinance

WAGMI protocol focuses on advanced liquidity provision strategies and leverage, utilizing concentrated liquidity to optimize returns.

MagicSea

Category: DEX NFT Marketplace
Website: magicsea.finance  / X: @MagicSeaDEX

MagicSea is a DEX and NFT marketplace on IOTA EVM, designed to boost the ecosystem's growth by supporting promising projects through a comprehensive builders program.

OTSea

Category: DEX
Website: www.otsea.io  / X: @otseaERC20

OTSea facilitates peer-to-peer trades across various chains and offers features like an auto-match system and buy/sell orders to protect users from scams via trustless smart contracts.

EpochZero

Category: NFT Marketplace
Website: epochzero.io  /  X: @Epoch_0

EpochZero provides NFT analytics and a marketplace, delivering insights and data through a resident bot and a web portal, enhancing user experience and market engagement.

Furucombo

Category: Yield Asset Management
Website: furucombo.app  /  X: @furucombo

Furucombo enables users to create and execute complex DeFi transactions through a user-friendly interface, aiming to enhance the IOTA ecosystem by attracting more users and funds.

ApeBond

Category: Yield Asset Management
Website: ape.bond  /  X: @ApeBond

ApeBond, formerly ApeSwap, focuses on decentralized fundraising and OTC services to help projects raise capital and liquidity without impacting token prices negatively.

Sherlock

Category: Tooling
Website: sherlock.xyz  /  X: @sherlockdefi

Sherlock's Audit Subsidy Program provides financial assistance for smart contract audits, enhancing security and encouraging protocol development on IOTA.

Single Finance

Category: Yield Asset Management
Website: singlefinance.io  /  X: @single_finance

Single Finance offers performance analytics, auto-compounding, and risk management strategies to maximize yield farming returns while minimizing risks.

Rango Exchange

Category: Aggregator
Website: rango.exchange  /  X: @RangoExchange

Rango is a bridge and DEX aggregator supporting over 55 blockchains, aiming to enhance usability and attract more users to the IOTA network.

Saltmines

Category: GameFi
Website: saltmines.co  / X: @SaltminesCo

Saltmines is a Player vs. Player battle arena racer featuring EVM-to-EVM battles, designed to attract Web2 users into the Web3 space through engaging gameplay.

The IOTA Grants program continues to drive innovation across the blockchain space, supporting a wide range of projects that contribute to the growth and development of the IOTA ecosystem. Stay updated and engage with these innovative projects by following them on X.


Image source: Shutterstock

Tags

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin

MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.

The Block2024/11/21 16:11

Gold loses luster as institutional demand fuels bitcoin price surge, analysts say

Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.

The Block2024/11/21 16:11

SEC is 'engaging' Solana ETF applicants: report

SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.

The Block2024/11/21 16:11