Cryptofonix launches $100 million grant program

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Cryptofonix Global, the company behind the development of the Cryptofonix blockchain platform, announced the launch of a $100 million grant program to support projects in the network ecosystem.

"All high-quality, open-source projects in the areas of games, meta-universe, NFT, Web 3.0, DeFi and DAO are welcome," it said in a statement.

The company will evaluate applicants on four main criteria:

  • technical capability;
  • detail of specifications;
  • team experience;
  • usefulness of the project to the ecosystem.

In addition to financial support, Cryptofonix Global will provide developers with expert technological assistance.

The team also reminded them that additional resources are available to Cryptofonix blockchain-based projects, including:

  • gas pedal (formerly funding and mentoring);
  • incubator (hands-on development assistance);
  • a venture capital fund (late-stage capital raising).

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Martyn Landi

Martyn Landi is a savvy blockchain content writer with about 5 years of experience. He helps crypto brands gain visibility by creating content with a tone, voice, and style that aligns with their vision and goals. When he is not writing or tweeting about cryptocurrencies, NFTs, web3, or metaverse, he is either cycling, watching movies, or reading other content.