Cartesi (CTSI) announced the allocation of $1 million to the Cartesi Grant Program. The initiative aims to encourage developer talent and enrich the Cartesi ecosystem.
The program will support new ideas and decentralized applications (dApps), research and integrations, developer tools and game development. Independent developers, founding teams, Decentralized Autonomous Organizations (DAOs), communities and collectives can apply starting Tuesday, January 30.
The grant program is designed to increase the number of long-term contributors and developers building new applications on Cartesi.
Cartesi ecosystem Grant Manager Hellenstans.eth said the following on the subject:
“This grant program is designed to foster long-term collaboration within the Cartesi ecosystem and increase the ease and scalability of dApp development for both developers and users. “The grant program offers financial support and invaluable technical guidance to get any developer’s project off the ground.”
The Cartesi Foundation has allocated a total of $1,000,000 for the first two waves of the Cartesi Grant Program. During Wave 1, the Grant Program will allocate a maximum of 500,000 USDC, and an additional 500,000 USDC may be allocated during Wave 2.
Following the development, the CTSI price on Binance gained approximately 7%.
Chart with minute candles showing the rise in CTSI price.
*This is not investment advice.