VeChain's enterprise blockchain platform has introduced an upgraded version of its original developer grant initiative , significantly increasing the available funding to $100K. Known as Grant 2.0, this refreshed initiative incorporates new grant categories alongside improved support features for grant recipients.
TLDR
- VeChain has refined its developer grant initiative, Grant 2.0, offering increased funding (up to $100K), new grant categories, and enhanced support.
- The main focus is now on financial backing for decentralized applications and ecosystems centered around sustainability.
- There is a more efficient submission process to eliminate stringent criteria and expedite procedures.
- Introduced are marketing and smaller grants, with additional focus on sustainability alignment.
- Grant recipients focused on sustainability will receive added support such as guidance from BCG mentor networks, venture capital opportunities, and exposure on websites and social media.
This is part of VeChain's broader initiative to encourage enterprises and individuals to transition towards sustainable systems enabled by blockchain technology. By addressing pain points and enhancing support for innovators, Grant 2.0 aims to further strengthen decentralized ecosystems that will drive this change.
Over $100K Funding per Project
While the previous grant scheme limited funding to $30K, the ceiling has now been increased to three times that amount, allowing for up to $100K per project. For developers dedicated to creating sustainability-driven applications, this increase removes financial barriers that impede complex projects.
VeChain CEO Sunny Lu emphasized that the enhanced grants are vital in empowering developers to create ecosystems that support sustainability on a global scale. “Blockchain is the most effective way to incentivize sustainable practices by enterprises and individuals,” he stated. “Prioritizing developers with maximum funding and support confirms our dedication to this vision.”
In addition to increased funding, the updates include marketing and smaller grants aimed at modest community marketing initiatives or minor tool integrations respectively.
Simplified Application Submission and Emphasis on Sustainability
VeChain has introduced a dedicated portal for project proposals, streamlining technical challenges associated with applications. This change responds directly to previous feedback from participants highlighting difficulties in the submission process.
Alongside process improvements, the evaluation criteria have shifted to place more emphasis on sustainability. Projects aligned with VeChain’s ‘X-to-Earn’ sustainability-focused DApps vision will be favored throughout the review process.
Offers Enhanced Global Support for Ecosystem Innovators
For innovators building ecosystems that advance sustainability within the grant framework, support has increased significantly under Grant 2.0. Winners gain access to valuable resources such as the BCG mentor network, opportunities to pitch to venture capitalists, and assured real estate across VeChain’s platforms.
By combining increased funding with strengthened support, the program seeks to build long-term relationships with ecosystem developers. The ultimate goal is the development of fully operational decentralized applications that drive behavioral and systemic change, and promote collective sustainability.
Grant 2.0 Reinforces VeChain’s Expanding Status as a Leader in Blockchain for Climate Action
With sustainability ingrained in its vision from the start, VeChain’s expertise in carbon management has cemented its position as a prominent enterprise blockchain player in the climate sector. Its advanced carbon ecosystem and participation in China’s emissions trading initiatives garnered recognition last year.
By focusing Grant 2.0's attention on sustainability, VeChain fortifies its role at the intersection of climate and blockchain. Through the program's strong financial backing, the platform can initiate decentralized projects addressing persistent carbon-intensive legacy systems.
