{"id":558259,"date":"2023-03-02T00:15:00","date_gmt":"2023-03-01T21:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/provenance-blockchain-foundation-announces-50m-in-grants-for-blockchain-development\/"},"modified":"2023-03-02T00:15:00","modified_gmt":"2023-03-01T21:15:00","slug":"provenance-blockchain-foundation-announces-50m-in-grants-for-blockchain-development","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/provenance-blockchain-foundation-announces-50m-in-grants-for-blockchain-development\/","title":{"rendered":"# Provenance Blockchain Foundation announces $50M in grants for blockchain development"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b0d73d1118\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b0d73d1118\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/provenance-blockchain-foundation-announces-50m-in-grants-for-blockchain-development\/#%E2%80%9D_Provenance_Blockchain_Foundation_announces_50M_in_grants_for_blockchain_development_%E2%80%9C\" >&#8221; Provenance Blockchain Foundation announces $50M in grants for blockchain development  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Provenance_Blockchain_Foundation_announces_50M_in_grants_for_blockchain_development_%E2%80%9C\"><\/span>&#8221; Provenance Blockchain Foundation announces $50M in grants for blockchain development  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvOGYzMWQxMzYtY2ZiOC00MTE5LWE4OGMtMTM2MDMwNmEzZDBkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Provenance Blockchain Foundation has announced a $50 million grant program for blockchain developers to support the development of regulated financial services on blockchain.\u00a0<\/p>\n<p>The grant program promise to award $50 million in HASH, which is the native token on Provenance Blockchain, to developers who build core services and experiences that enable the full digitally-native lifecycle of regulated financial assets on blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. Developers will be evaluated based on a range of factors, including their ability to contribute to asset perfection, asset origination, on\/off ramps, security, compliance, wallets, identity, developer tools, and new financial asset use cases. All projects that are awarded grants will have to also undergo &#8220;Know Your Customer&#8221; screening.<\/p>\n<p>Beyond the HASH-based grants, the Provenance Blockchain Foundation said it will also offer additional support to developers, including ecosystem introductions, networking opportunities, product promotion and marketing, and technical onboarding assistance.\u00a0<\/p>\n<p>The Provenance Blockchain Foundation shared that its\u00a0ecosystem will foster open innovation by bringing together developers, financial <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications, and issuers to facilitate the complete digital lifecycle of financial assets. Through this ecosystem, developers will also have the chance to earn revenue from the services they provide to other participants.<\/p>\n<p><strong>Related: Bosch partners with AI firm for $100M fund to empower Web3 development<\/strong><\/p>\n<p>Despite being in a bear market, various blockchain companies are investing in building up their ecosystems.\u00a0<\/p>\n<p>On Feb 23, Cointelegraph reported that The Interchain Foundation (ICF), the nonprofit organization responsible for the creation of the Cosmos ATOM inter blockchain communications (IBC) ecosystem, has recently pledged to invest approximately $40 million in 2023 towards the advancement of its core infrastructure and applications.\u00a0<\/p>\n<p>Additionally, on Jan 19, SSV.network, a developer of validator infrastructure, also launched a new ecosystem fund aimed at promoting innovation in Ether staking technologies and supporting Ethereum proof-of-stake decentralization. The fund, valued at $50 million, will be solely dedicated to financing projects focused on building applications using distributed validator technology (DVT).\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/provenance-blockchain-foundation-announces-50m-in-grants-for-blockchain-development\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Provenance Blockchain Foundation announces $50M in grants for blockchain development &#8220; Provenance Blockchain Foundation has announced a $50 million grant program for blockchain developers to support the development of regulated financial services on blockchain.\u00a0 The grant program promise to award $50 million in HASH, which is the native token on Provenance Blockchain, to developers&#8230;<\/p>\n","protected":false},"author":1,"featured_media":558260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/8f31d136-cfb8-4119-a88c-1360306a3d0d.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,140737,93542,117,73821,73711,4965],"class_list":["post-558259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-digital-developers-fund","tag-web3","tag-business","tag-developers","tag-investments","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=558259"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/558259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/558260"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=558259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=558259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=558259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}