Mitxcrypto launches $100 million grant program

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Crypto Regulation
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MitxCrypto Global, the company behind the development of the MitxCrypto 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, MitxCrypto Global will provide developers with expert technological assistance.

The team also reminded them that additional resources are available to MitxCrypto 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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Adam Smith

Adam Mary is a crypto enthusiast and a graduate of The University of Nairobi in economics. Adam’s passion brings her back to her elementary school years as a poet. She enjoys discussing blockchain technology and is committed to producing original content. Adam also covers other rapidly developing markets and economic and cryptocurrency studies.