IOTA Foundation Awards $2.36 Million to 20 Blockchain Projects
The IOTA Foundation has announced the distribution of $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA Grants Program. This initiative is designed to foster innovation and growth within the IOTA ecosystem by providing financial support to diverse projects in categories like decentralized exchanges (DEX), NFT marketplaces, GameFi, and tooling.
Overview of the IOTA Grants Program
- Applications Received: 82
- Projects Funded: 20
- Total Awarded: $2,365,000
The selected projects span various categories, showcasing the IOTA Foundation’s commitment to nurturing a wide range of innovations within the blockchain space.
Highlighted Grant Recipients
1. SYMMIO / IntentX
- Category: Perpetuals
- Website: symm.io
- X: @symm_io
- Description: SYMMIO is an omnichain settlement and clearing layer for derivatives, offering Derivatives as a Service (DaaS) to enable decentralized exchanges to introduce derivatives products seamlessly.
2. Velocimeter / Graphene
- Category: DEX
- Website: velocimeter.xyz
- X: @VelocimeterDEX
- Description: Velocimeter is a ve33 protocol designed to optimize token emissions and liquidity provision, offering enhanced flexibility and efficiency.
3. WAGMI
- Category: DEX
- Website: wagmi.com
- X: @PopsicleFinance
- Description: WAGMI protocol focuses on advanced liquidity provision strategies and leverage, using concentrated liquidity to optimize returns.
4. MagicSea
- Category: DEX & NFT Marketplace
- Website: magicsea.finance
- X: @MagicSeaDEX
- Description: MagicSea is a DEX and NFT marketplace on IOTA EVM, designed to boost ecosystem growth through a comprehensive builders program.
5. OTSea
- Category: DEX
- Website: otsea.io
- X: @otseaERC20
- Description: OTSea facilitates peer-to-peer trades across various chains, offering features like an auto-match system and buy/sell orders through trustless smart contracts.
6. EpochZero
- Category: NFT Marketplace
- Website: epochzero.io
- X: @Epoch_0
- Description: EpochZero provides NFT analytics and a marketplace, delivering insights and data through a resident bot and a web portal.
7. Furucombo
- Category: Yield & Asset Management
- Website: furucombo.app
- X: @furucombo
- Description: Furucombo enables users to create and execute complex DeFi transactions through a user-friendly interface, enhancing the IOTA ecosystem.
8. ApeBond
- Category: Yield & Asset Management
- Website: ape.bond
- X: @ApeBond
- Description: ApeBond focuses on decentralized fundraising and OTC services, helping projects raise capital and liquidity without negatively impacting token prices.
9. Sherlock
- Category: Tooling
- Website: sherlock.xyz
- X: @sherlockdefi
- Description: Sherlock’s Audit Subsidy Program provides financial assistance for smart contract audits, enhancing security and encouraging protocol development on IOTA.
10. Single Finance
- Category: Yield & Asset Management
- Website: singlefinance.io
- X: @single_finance
- Description: Single Finance offers performance analytics, auto-compounding, and risk management strategies to maximize yield farming returns while minimizing risks.
11. Rango Exchange
- Category: Aggregator
- Website: rango.exchange
- X: @RangoExchange
- Description: Rango is a bridge and DEX aggregator supporting over 55 blockchains, aiming to enhance usability and attract more users to the IOTA network.
12. Saltmines
- Category: GameFi
- Website: saltmines.co
- X: @SaltminesCo
- Description: 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.
Conclusion
The IOTA Grants Program continues to drive innovation and growth within the IOTA ecosystem by supporting a wide range of projects that contribute to the development of decentralized technologies. For more detailed information and to stay updated on these projects, follow them on X.
