Kadena announces $100 million grant program for web3 developers

Quick Take

  • The $100 million grant is funded from the Kadena treasury and administered by Kadena Eco.
  • The grant will be used to support builders and developers working on NFTs, DeFi and gaming among other areas.

Kadena, a proof of work (POW) blockchain, today announced a $100 million grant program funded by its treasury to support web3 development.

The program will be administered by Kadena Eco, the blockchain’s innovation network, and used to attract talented developers to contribute to the Layer 1 network’s codebase.

According to a company news release, the grant will focus on supporting builders in areas including NFTs, DeFi, gaming, metaverse and DAOs among others.

Kadena Eco will evaluate grant applicants based on technical strength, experience of teams and usefulness of the projects to the Kadena ecosystem.

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