Blockchain
IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects
According to the IOTA Foundation blog, the IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA grants program. The initiative aims to foster innovation within the IOTA ecosystem by providing financial support to a wide range of projects.
Grant Program Overview
Since the last update, the IOTA grant program has received 82 applications, of which 20 have been selected for funding. The total amount awarded amounts to $2,365,000, supporting projects across various categories including decentralized exchanges (DEX), NFT marketplaces, GameFi, and tools.
Grant recipients highlighted
SYMMIO/IntentX
Category: Perpetual
Website: www.symm.io / X: @symm_io
SYMMIO is an omnichain settlement and clearing layer for derivatives. It offers derivatives as a service (DaaS), allowing decentralized exchanges to introduce derivative products seamlessly.
Velocimeter/Graphene
Category: DES
Website: www.velocimeter.xyz / X: @VelocimeterDEX
Velocimeter is a ve33 protocol with modifications to optimize token issuance and liquidity provision, aiming to offer greater flexibility and efficiency.
WAGMI
Category: DES
Website: wagmi.com / X: @PopsicleFinance
The WAGMI protocol focuses on advanced liquidity provision and leverage strategies, using concentrated liquidity to optimize returns.
MagicSea
Category: DEX and NFT market
Website: magicsea.finance / X: @MagicSeaDEX
MagicSea is a DEX and NFT marketplace on IOTA EVM, designed to stimulate ecosystem growth by supporting promising projects through a comprehensive builder program.
OTSea
Category: DES
Website: www.otsea.io / X: @otseaERC20
OTSea facilitates peer-to-peer transactions between various chains and offers features such as an automatic matching system and buy/sell orders to protect users from scams via trustless smart contracts.
EpocaZero
Category: NFT Market
Website: epochzero.io / X: @Epoca_0
EpochZero provides NFT analytics and a marketplace, providing insights and data through a resident bot and web portal, enhancing user experience and marketplace engagement.
Furucombo
Category: Performance and resource management
Website: furucombo.app / X: @furucombo
Furucombo allows 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: Performance and resource management
Website: monkey.bond / X: @ApeBond
ApeBond, formerly ApeSwap, focuses on decentralized fundraising and OTC services to help projects raise capital and liquidity without negatively impacting token prices.
Sherlock
Category: Tools
Website: sherlock.xyz / X: @sherlockdefi
The Sherlock Audit Grant Program provides financial assistance for smart contract audits, improving security and encouraging protocol development on IOTA.
Single finance
Category: Performance and resource management
Website: singlefinance.io / X: @single_finance
Single Finance offers performance analytics, auto-compounding and risk management strategies to maximize agricultural returns while minimizing risk.
Rank Exchange
Category: Aggregator
Website: rank.exchange / X: @RangoExchange
Rango is a DEX bridge and aggregator that supports over 55 blockchains, aiming to improve usability and attract more users to the IOTA network.
Salt mines
Category: GameFi
Website: saltmines.co / X: @SaltminesCo
Saltmines is a Player vs. Battle Arena Racing Game. Player with EVM-to-EVM battles, designed to attract Web2 users to the Web3 space through addictive gameplay.
The IOTA Grants Program continues to foster innovation in the blockchain space, supporting a wide range of projects that contribute to the growth and development of the IOTA ecosystem. Stay updated and participate in these innovative projects by following them on
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