The funding aims to help developers with final-stage blockchain projects come to market and boost overall blockchain innovation.
The Starknet Foundation announced a new grant program with $5 million worth of USDC for emerging projects on the network.
The new $5 million Seed Grants Program aims to support at least 200 promising teams, with $25,000 in USD Coin (USDC) per award recipient, offering a “final push” to help final-stage projects launch on Starknet, an Ethereum layer-2 scaling solution based on zero-knowledge rollup technology.
The $5 million grants program came in response to the main challenges of current Starknet developers, according to Diego Oliva, the CEO of Starknet Foundation. Oliva told Cointelegraph: